Shares of Sonos Inc. dropped more than 20% in the extended session Wednesday after the maker of audio products beat Wall Street expectations for its fiscal second quarter but cut guidance for the year due to “softening consumer demand.”
: April’s inflation report says car prices are rising. But others insist they have finally peaked. Here’s why.
The recent price fluctuations of cars and trucks are nothing if not complex.
Earnings Results: Robinhood stock rallies after earnings beat, plan to launch 24-hour trading as engagement wobbles
Shares of Robinhood Markets Inc. moved higher on Wednesday after the trading app reported first-quarter results that were better than expected.
: FDA advisers vote unanimously in favor of over-the-counter birth-control pill
Nonbinding vote recommends the agency approve Perrigo’s oral contraceptive for use without a prescription, with a final FDA decision possible late this summer.
Earnings Results: Disney stock falls as Disney+ subscribers decline amid push to lose less money in streaming
Walt Disney Co. shares declined in late trading Wednesday following an earnings report that showed Disney+ subscribers declining in recent months.
Market Extra: Value stocks lag growth equities after U.S. CPI inflation report
Value stocks lagged growth equities on Wednesday, in a choppy trading session as investors assessed fresh U.S. inflation data for April.
Market Snapshot: U.S. stocks end mostly higher in choppy trade after CPI report shows inflation eased in April
U.S. stock indexes ended mostly higher after volatile trading on Wednesday after data showed April U.S. consumer price inflation cooled to the lowest annual rate in two years, though core inflation, excluding food and energy prices, remained high.
Market Extra: Wall Street cheers latest inflation report, but some say it could spell trouble for stocks down the road
Wall Street embraced the U.S. April consumer-price index, a closely watched inflation gauge published Wednesday, with cautious optimism.
Earnings Results: Beyond Meat stock sinks after earnings even though sales show signs of life
On Wednesday, Beyond Meat shares fell in extended trading following results that showed signs of life following a prolonged narrative of rough times for the industry.
Earnings Results: Trade Desk earnings beat expectations, stock rises
Trade Desk topped expectations with its quarterly results and outlook Wednesday, and its shares were moving higher in the extended session after the report.
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