Streetbeat News

Stock Prices

IDEX

Ideanomics, Inc. (NASDAQ:IDEX) shares are trading lower after the company effected a 1-for-125 reverse stock split to regain compliance with the Nasdaq minimum bid requirement. This reduced the number of outstanding shares from 1.5 billion to 12 million. The company is set to release its Q1 financial reports after market close on Friday, with an expected loss of 12 cents per share and revenue of 10.562 million.

Portfolio Pulse from Erica Kollmann

August 25, 2023 | 2:10 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that reducing inflation may also necessitate softer labor markets. This could potentially impact the overall economy and the stock market.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:09 pm

TGT

Target's shares are trading lower due to recent mixed earnings in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:09 pm

LDWY

Shares of Lendway (LDWY) have resumed trading.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:08 pm

INTU

Intuit's stock is trading higher after several analysts raised their price targets following the company's Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:08 pm

SPY

Following a speech by Federal Reserve Chairman Jerome Powell, U.S. rate futures have slightly reduced the likelihood of a rate hike in November and December, according to Reuters citing Refinitiv's Fedwatch.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:07 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that signs of the job market not cooling could warrant further action from the Fed. He also noted that inflation appears to be becoming more responsive to labor markets. Powell projected July's Personal Consumption Expenditures (PCE) at 3.3% and core PCE at 4.3%.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:07 pm

NFLX

Netflix shares are trading higher following an upgrade from Loop Capital, which changed its rating from Hold to Buy and increased its price target from $425 to $500.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:06 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that there is substantial further ground to cover to achieve price stability. He emphasized the need for sustained progress on goods inflation and noted that slowing rents indicate a slowdown in housing inflation, which the Fed will continue to monitor.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:06 pm

VFS

Shares of VinFast Auto are experiencing a surge in trading following its recent debut on the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:05 pm