© Reuters.
By Liz Moyer
Investing.com — U.S. stocks fell again after last week’s remarks by Fed Chair Jerome Powell stoked rate fears. Here are the midday movers for Aug. 29:
- Pinduoduo (NASDAQ:) U.S.-listed shares jumped 17% after the Chinese e-commerce company reported on improving consumer sentiment.
- Bristol-Myers Squibb Company (NYSE:) stock fell 5% after mixed phase 2 results from its secondary stroke treatment.
- Netflix Inc (NASDAQ:) shares rose 1.2% on reports its ad-supported streaming tier will cost $7 to $9 a month.
- Meta Platforms Inc (NASDAQ:) shares fell 0.9% as part of a broad tech sector sell-off. The stock also moved after a report it settled a lawsuit that accused the Facebook parent of giving third parties access to private user data.
- Dow Inc (NYSE:) shares fell 2% after KeyBanc downgraded the stock, citing the possibility of an economic downturn in Europe that could hurt its business.
Be the first to comment