11:45
+30 C°
Traffic jam:   1
$
53.3234
55.9640

Market today: Dow Jones rises

8 February 2022
2312
1 min.
16
Market today: Dow Jones rises

US stock indices on Tuesday

The S&P 500 and Nasdaq Composite oscillated between losses and gains, while the Dow Jones Industrial Average jumped, led by Amgen, after the biotech giant announced a $6 billion share buyback.

In news of the shakeout, Peloton suspended CEO John Foley amid turmoil at the company.

He will move to the role of executive chairman, to be replaced by Barry McCarthy. The company has also cut its revenue forecast to $3.8bn from $4.8bn. In addition, the cycling giant will cut 2,800 jobs.

The company has been rumoured to be a takeover target in recent days, with multiple reports suggesting it has up to five possible suitors, including Amazon, Nike, Apple, Disney and Sony. In other deal news, Nvidia and ARM SoftBank have cancelled their record $80 billion merger, citing "serious regulatory concerns". GlobalNY.biz wrote about this today.

Facebook is also in the spotlight after board member Peter Thiel announced he plans to step down.

As for earnings news, Pfizer shares fell after the company forecast sales of its COVID-19 vaccine to be around $32 billion, slightly below estimates.

On the economic front, keep a close eye on Thursday's consumer price report as it is expected to rise to 7.3% versus 7% in December.

Persons3 and Companies13 in the news

Chief Executive Officer of Peloton
1 place
Co-founder of the Peloton
2 place
Co-founder of PayPal
3 place
ARM
ARM
2 place
SoftBank Group
3 place
NVIDIA
4 place
Sony
5 place
Nike, Inc.
6 place
Nasdaq
7 place
Dow Jones
8 place
Pfizer
10 place
Facebook
11 place
Apple
12 place
Amazon
13 place
Section:
Source foto:
flickr.com

Discussion

Rating companies
Nasdaq
192 Mention
Dow Jones
137 Mention
Apple
69 Mention
Tesla
60 Mention
Amazon
55 Mention
Facebook
53 Mention
Twitter
41 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
7960306003
Died this year
28718385
Born this year
70652310