Bitcoin, Nike, Meredith, Carnival: What to Watch When the Stock Market Opens Today
- Date: 24-Sep-2021
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Bitcoin, Nike, Meredith, Carnival: What to Watch When the Stock Market Opens Today
Futures are edging down and bond yields are up to multi-month highs, as uncertainty lingers about heavily indebted property giant China Evergrande Group . Here’s what we’re watching ahead of Friday’s opening bell.
The price of bitcoin fell as much as 5% after China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government issued money. Crypto exchange Coinbase fell 3.6%.
Meredith shares soared 19% premarket. IAC/InterActiveCorp. is in advanced talks to acquire the magazine publisher, according to people familiar with the situation.
Nike shares dropped 4.7% premarket. The sneaker giant reported a 16% rise in quarterly revenue but said production problems in Asia and trans-Pacific shipping delays are constraining sales.
Progress Software jumped 15% premarket after the business software company delivered an earnings beat and lifted its full-year outlook.
Biopharmaceutical company vTv Therapeutics said it saw positive results from a dose study for the treatment of psoriasis. Its shares soared 32% premarket.
Costco inched up 0.8%. The retailer’s sales increased in its
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