Wall Street stocks wavered after a volatile session marked by a selloff in technology stocks. Monthly jobs figures showed payrolls grew sharply in January. Here’s what we’re watching in Friday’s trading:
posted its first quarterly profit and signaled it is adjusting to disruptions in the digital-advertising market caused by
profit nearly doubled as it controlled labor and supply costs better than expected and saw gains in its cloud-computing and advertising businesses.
- Shares of
parent Meta Platforms ticked lower in opening trading, after having plunged 26% on Thursday, wiping out about $232 billion in value and notching the biggest one-day decline for a stock in U.S. history.
- Online-pinboard company
reported its first full-year profit and more than $2 billion in annual revenue.
reported a strong profit for 2021 and issued an upbeat forecast for this year.
reported an earnings drop from the year-ago quarter, as demand fell for cleaning products related to the coronavirus pandemic. Atlantic Equities cut its rating on the stock to underweight from neutral.
- Maker of financial software tools for small businesses
Holdings topped expectations for its latest quarter and gave an upbeat forecast.
- Gaming-engine company
earnings and revenue topped Wall Street expectations.
Chart of the Day
- Amazon’s fourth-quarter revenue growth was tepid, and its online stores segment reported a drop in revenue for the first time. Still, this might be a new, more-mature Amazon, with strength on the bottom line, writes Heard on the Street columnist Dan Gallagher.
Write to James Willhite at [email protected]
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