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Marketwatch trending stocks, bonds and more!

Stocks were mixed around midday Tuesday!

The Dow falling as investors digested the latest quarterly results from leading banks.The S&P 500 was recently off about 0.1%, and the Nasdaq Composite was up less than 0.1%.

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Factset chart on trending stocks

The Dow industrials were off more than 300 points, measuring about 1%.

trending stocks today are

National Instruments: Emerson said it had proposed buying the company for $53 a share in cash, giving it a value about $7.6 billion including debt. National Instruments stock jumped about 17% premarket to trade above Emerson’s proposed takeover price.

Goldman Sachs: The investment bank’s shares dropped about 2% premarket, after it said quarterly profit fell 66% to $1.3 billion.

Morgan Stanley: The bank said fourth-quarter profit fell 40%. Still, earnings per share narrowly beat expectations, and Morgan Stanley shares rose about 1% ahead of the bell.

Alibaba: Activist investor Ryan Cohen has taken a stake in the Chinese e-commerce giant and is pushing for more share buybacks, The Wall Street Journal reported. Alibaba’s Hong Kong-traded shares rose 1% Tuesday, while its American depositary receipts gained 0.5% premarket.

Microsoft: The company said it is allowing more customers access to the software behind popular artificial-intelligence tools made by OpenAI. Shares fell 1.4% premarket.

Tesla: Chief Executive Elon Musk is headed to court in a securities-fraud trial over tweets from 2018 in which he floated the possibility of taking Tesla private, with in-person jury selection poised to begin Tuesday. Shares gained 2.1% premarket.

 

@thejournalbiz
Source:WSJ/Factset
Image:Nasdaq