Wall Avenue inventory indexes have been down in morning buying and selling after new restrictions have been specified by the U.Ok. to fight the unfold of the Omicron variant. Right here’s what we’re watching in Thursday’s buying and selling:
-
GameStop,
GME -6.69%
the videogame retailer turned day-trading sensation reported a wider loss for final quarter because it continued efforts to revitalize its enterprise underneath an overhauled govt staff and board of administrators.
GameStop reported a wider loss within the latest quarter.
Photograph:
shannon stapleton/Reuters
-
CVS Well being
CVS 3.88%
mentioned it plans to lift its dividend and purchase again inventory for the primary time since 2017.
- Jefferies reduce their goal worth for
Southwest Airways.
LUV -3.60%
Different travel-related shares together with
Wynn Resorts
WYNN -0.41%
additionally got here underneath strain, suggesting investor unease over coronavirus.
- The top of the European Medicines Company mentioned this week the
Novavax’s
NVAX 1.17%
Covid-19 vaccine might quickly achieve approval, Reuters reported. Vaccine shares have been risky because the identification of the Omicron variant.
-
Digital World Acquisition,
DWAC -6.70%
the blank-check firm that’s merging with Donald Trump’s media enterprise, fell greater than 5% in opening buying and selling. Earlier this week the corporate, recognized by its ticker image DWAC, mentioned in a regulatory submitting the SEC was investigating the merger.
-
Hire the Runway
RENT -3.91%
reported excessive prices, largely associated to its preliminary public providing in October.
- Luxurious residence retailer
RH
RH 9.46%
reported better-than-expected outcomes for the third quarter and lifted the low finish of its income outlook.
-
Roku
ROKU -5.37%
shares prolonged positive factors in opening buying and selling, having jumped 18% Wednesday after the streaming machine maker signed an settlement with Alphabet that restores the YouTube TV app to its service.
- Analysts at KeyBanc reduce their goal share worth for
UiPath
PATH -2.48%
after the software program firm reported earnings.
- Analysts at Wells Fargo reduce their suggestion for
Allstate
ALL -1.54%
from equal-weight to underweight.
-
Lululemon,
LULU -1.46%
Vail Resorts,
MTN -2.87%
Broadcom
AVGO -0.30%
and
American Outside Manufacturers
AOUT -1.29%
are among the many corporations reporting earnings Thursday.
Chart of the Day
- Loss of life-benefit funds rose 15.4% in 2020 to $90.43 billion, largely as a result of pandemic, in keeping with the American Council of Life Insurers. It’s the sharpest rise because the 1918 influenza epidemic.
Write to Joe Wallace at joe.wallace@wsj.com
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