Shares of Amazon.com Inc. AMZN, -0.45% slumped 0.45% to $3,292.23 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.30% falling 0.30% to 3,841.47 and Dow Jones Industrial Average DJIA, -0.57% falling 0.57% to 30,996.98. The stock’s fall snapped a three-day winning streak. Amazon.com Inc. closed $260.02 short of its 52-week high ($3,552.25), which the company achieved on September 2nd.
Aurora Cannabis Inc. ACB, -4.66% said late Thursday it has agreed to a $125 million bought-deal syndicated offering, led by BMO Capital Markets and ATB Capital Markets. The underwriters have agreed to buy 12 million units of the company at $10.45 per unit. Each unit is comprised of one common share and one half of one common share purchase warrant, Aurora said.
Shares of GameStop Corp. GME, +51.08% on Friday afternoon were extending a recent surge, putting the videogame retailer on track for its best monthly gain, up over 220%, in its history. The historic surge in shares of the company, which went public in 2002, comes as an army of traders on a popular social platform Reddit have been striving to drive values higher, according to a Bloomberg report, even as short seller Citron Research has attempted to make a case why valuations for GameStop make it a sell rather than a buy. However, a planned livestream hosted by Citron, intended for Wednesday originally, was canceled, and Citron has complained about “hacking” of its livestream events and its Twitter account recently. A report in Bloomberg News referred to Citron’s technical issues as a backlash from a Reddit community that is rabidly bullish on GameStop.
Shares of IBM and Intel are retreating Friday morning, sending the Dow Jones Industrial Average into negative territory. The Dow DJIA, -0.57% was most recently trading 206 points lower (-0.7%), as shares of IBM IBM, -9.91% and Intel INTC, -9.29% have contributed to the index’s intraday decline.
Johnson & Johnson is a Johnson & Johnson is the world’s largest and most diverse healthcare firm. Three divisions make up the firm: pharmaceutical, medical devices and diagnostics, and consumer.
SunCoke Energy Inc. is a SunCoke Energy Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics.
Netflix Inc. is a Netflix’s primary business is a streaming video on demand service now available in almost every country worldwide except China.
Fox Corporation is a Fox Corp represents the assets not sold to Disney by the predecessor firm, Twenty First Century Fox.
Google is threatening to make its search engine unavailable in Australia if the government proceeds with plans to make tech giants pay for news content.
World leaders have breathed an audible sigh of relief that the United States under President Joe Biden is rejoining the global effort to curb climate change, a cause that his predecessor had shunned.