Big Tech’s market value in the S&P 500 has surged to more than a quarter of the index, with just seven stocks this year adding heft larger than the weight of its entire energy sector, according to DataTrek Research.
: Stitch Fix stock rallies as results beat, and company takes further steps to pare back
Shares of Stitch Fix Inc. rose after hours after the online clothing-selection and styling service reported better-than-expected third-quarter results.
The Ratings Game: Bud Light boycott is helping one of the beer’s main rivals, analysts say
The boycott of Bud Light over its partnership with a trans influencer has endured long enough to help one of its main rivals, BofA analysts said.
Futures Movers: Oil prices end lower, erasing gains seen after Saudi plan for production cut
Oil futures end lower on Tuesday, with worries over the global economic outlook leading prices to give back gains seen in the wake of Saudi Arabia’s plan to further cut its production in July.
: Boeing stock drops on warning about defect on 787 Dreamliner planes
Boeing says it found new problems with its Dreamliner jets but that it won’t affect the full-year delivery outlook.
The Moneyist: Apple CEO Tim Cook has not answered the $1 billion question about his Vision Pro VR headset
10 reasons I won’t be buying Apple’s $3,500 VR headset.
: Bed Bath & Beyond employees’ final days bring chaos, confusion and rude customers: ‘It’s all a mess’
Employees report insensitive customers, uncertainty over severance, and disorganized shipments as the bankrupt retailer winds down operations.
Earnings Outlook: GameStop sales may get a boost from ‘Zelda’ and other hit games, but profit is another story
Videogame retailer and original meme stock GameStop reports first-quarter results on Wednesday amid an array of difficulties.
The Ratings Game: Coinbase’s stock sinks again as penalties from SEC suit could top $6 billion, analyst says
Coinbase Global’s stock tumbled again Tuesday, amid worries that the fallout from regulatory actions could be a lot worse than previously feared.
Commodities Corner: EIA predicts record-high 2023 and 2024 U.S. oil output
The Energy Information Administration on Tuesday raised its oil-price forecasts for this year and next, and said it expects U.S. production to hit record highs as global supplies tighten following a decision by major oil producers last weekend to extend their production cuts through 2024.
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