?? Meta Surpasses $1 Trillion
S&P 500 4,868.41 +3.81 (+0.08%)
Dow Jones 37,806.42 -99.03 (-0.26%)
NASDAQ 15,481.92 +55.97 (+0.36%)
Market close: January 24, 2024
Breaking News
Meta’s market cap surpassed $1 trillion on Wednesday closing up more than 1% at $390 per share amid a record rally. CNBC reports.
(Source: Wikimedia Commons by Anthony Quintano)
The Warm Up
EBay will eliminate about 1,000 jobs or 9% of its full-time workforce. CNBC reports.
German train drivers begin a six-day strike which is expected to hit travel and the economy. CNN reports.
A 7.1 quake in China forces thousands from their homes with more than 12,000 people staying in tents and other shelters. ABC reports.
Apple plans new fees and restrictions when it starts allowing third-party software downloads outside its App Store. Reuters reports.
SAP is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence. CNN reports.
Klarna is to debut a $7.99 monthly plan as the buy now, pay later firm seeks new revenue sources ahead of its IPO. CNBC reports.
Tech Thursday:
Spotify will begin in-app sales on iPhone in Europe after a new EU law requires Apple to allow it.
Spotify said on Wednesday it will update its iPhone app in Europe to allow users to buy in-app subscriptions and audiobooks. In most regions, Apple’s App Store rules prohibit companies such as Spotify from billing users directly within the app. Apple says app makers should instead use Apple’s App Store billing service, which takes a cut of up to 30%. Read More
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on January 24.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $EVAX: Evaxion Biotech
Total gain: (112%)
The company announced an expanded commitment to developing tailored cancer vaccines by targeting a novel category of AI-identified tumor antigens, named Endogenous Retroviruses (ERVs). Benzinga reports.
2. $SPRC: SciSparc
Total gain: (78%)
The company announced that it has entered into a standby equity purchase agreement with YA II PN, Ltd. Benzinga reports.
3. $CCTG: CCSC Technology
领英推荐
Total gain: (52%)
The company announced the closing of its initial public offering (the "Offering") of 1,375,000 ordinary shares at a public offering price of US$4.00 per ordinary share. Benzinga reports.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
AAL American Airlines Group
Quarter 4, 2023
Before Market Open Estimate: 0.10 Actual: 0.29
TMUS T-Mobile US
Quarter 4, 2023
After Market Close Estimate: 1.90 Actual: N/A
V Visa
Quarter 1, 2024
After Market Close Estimate: 2.34 Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
8:30 am Quarter 4 Gross Domestic Product (Prelim)
8:30 am Initial Jobless Claims
8:30 amAdvanced Wholesale Inventories
December
Extra-Time
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Parting Thoughts
“Do not be embarrassed by your failures, learn from them and start again.” ― Richard Branson
Sourced in: Real Power Through Success and Failure How Realizing Your Ideals Lead to Success, Significance, and Influence By Dr. Princely Ebwe · 2018
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