© Reuters.
By Liz Moyer
Investing.com — Stocks were higher on Friday after December’s jobs report helped calm investor fears about interest rates. Here are the midday movers for Jan. 6.
- Bed Bath & Beyond Inc (NASDAQ:) shares sank another 21% as investors continued to take in the news from Thursday, when the home goods retailer said it was exploring options for its future, including a possible bankruptcy filing. Sales are forecast to fall because of lower store traffic and reduced inventory.
- Costco Wholesale Corp (NASDAQ:) stock rose 6.6% after it reported positive sales trends for December, saying year-over-year net sales were up, boding well for overall results from the holiday shopping season.
-
World Wrestling Entertainment Inc (NYSE:) shares jumped 20.6% after former CEO Vince McMahon returned to the sports entertainment company as executive chairman, bringing with him two other former board members. WWE is working on media rights and strategic options.
-
Tesla Inc (NASDAQ:) stock rose 0.8% after the electric vehicle company cut prices for two of its model cars in China. In October it cut prices in the region to boost sales.
-
Southwest Airlines Company (NYSE:) shares rose 2.4% after it said technical difficulties over the holiday period that resulted in the cancellation of 16,000 flights over an 11-day period could cost it $825 million in lost revenue and additional expenses.
Be the first to comment