By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Djokovic-Murray coaching partnership ends before French Open | Tennis News
    Djokovic-Murray coaching partnership ends before French Open | Tennis News
    May 13, 2025
    Brussels seeks to sideline Hungary on Russia sanctions renewal – FT — RT World News
    Brussels seeks to sideline Hungary on Russia sanctions renewal – FT — RT World News
    May 13, 2025
    Investment banks lift China growth outlook after surprise trade deal with U.S.
    Investment banks lift China growth outlook after surprise trade deal with U.S.
    May 13, 2025
    First group of white South Africans lands in U.S. under Trump refugee plan
    First group of white South Africans lands in U.S. under Trump refugee plan
    May 13, 2025
    Seattle Storm set roster for 2025 season
    Seattle Storm set roster for 2025 season
    May 13, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Best crypto to buy: XRP, ADA and Bitcoin Pepe
    Best crypto to buy: XRP, ADA and Bitcoin Pepe
    May 13, 2025
    2025 Cloud Mining Gold Rush: 5 Platforms That Pay While You Sleep
    2025 Cloud Mining Gold Rush: 5 Platforms That Pay While You Sleep
    May 13, 2025
    Strategy Pumps Fresh .34 Billion Into Its Crypto Coffers
    Strategy Pumps Fresh $1.34 Billion Into Its Crypto Coffers
    May 13, 2025
    Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion
    Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion
    May 13, 2025
    Price predictions 5/12: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
    Price predictions 5/12: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
    May 13, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Stock market today: Live updates
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > World News > Stock market today: Live updates
Stock market today: Live updates
World News

Stock market today: Live updates

Published August 9, 2023
Share
6 Min Read
SHARE

Contents
Wendy’s slides 2% after reporting underwhelming revenueMarkets are in ‘purgatory,’ Vital Knowledge saysChina consumer prices in July fall for first time in over 2 yearsNikon shares tumble 17% as net profit drops by almost 80% year-on-yearSouth Korea unemployment rises for second straight month to 2.7%Behind the decline in Lyft shares could be lackluster fourth-quarter guidanceStocks making the biggest moves after hoursStock futures open flat

Wendy’s slides 2% after reporting underwhelming revenue

Wendy’s slipped more than 2.2% in premarket trading after the fast-food chain reported worse-than-expected revenue in the second quarter.

The company saw $561.6 million in the quarter, while analysts polled by FactSet anticipated $566.2 million. But the company beat forecasts on earnings per share by 1 cent with 28 cents earned, excluding items.

— Alex Harring

Markets are in ‘purgatory,’ Vital Knowledge says

Adam Crisafulli of Vital Knowledge said the stock market is “stuck in a purgatory zone, with valuation constraints blocking a sustained close above 4600 in the near-term while favorable macro news flow (goldilocks data, the end of near end of rate hikes, decent earnings) prevents a sharp break through ~4400.”

He added that declines below 4,450 “should be purchased, while rallies above 4550 are to be faded, but the sideways pattern (that’s been in place for a few weeks) will likely persist for a bit.”

— Fred Imbert, Michael Bloom

China consumer prices in July fall for first time in over 2 years

China’s consumer price index fell for the first time in over two years, posting a 0.3% year-on-year drop in July, but rose 0.2% month-on-month.

Economists polled by Reuters expected July CPI to drop 0.4% compared to a year ago.

Producer price index slumped 4.4% year-on-year, more than the Reuters poll of 4.1%. That’s compared to a 5.4% decline in June.

The offshore yuan strengthened slightly against the greenback after the announcement, trading at 7.2257.

— Lim Hui Jie, Evelyn Cheng

Nikon shares tumble 17% as net profit drops by almost 80% year-on-year

Shares of Japanese optics and imaging manufacturer Nikon tumbled as much as 17% on Wednesday, and was the biggest loser on the Nikkei 225.

The company posted a 78.3% year-on-year plunge in net profit for its first quarter, at 2.58 billion yen ($18 million) in the three months ended June.

Operating profit plunged 78.6% to 3.29 billion yen, while first quarter revenue increased to 158.15 billion yen, an 8.6% increase year-on-year.

Stock Chart IconStock chart icon

South Korea unemployment rises for second straight month to 2.7%

The unemployment rate in South Korea climbed to 2.7% in July, up from 2.6% the previous month, but down 0.2 percentage points compared to the same period last year.

Government data showed the number of unemployed persons stood at 807,000 thousand people in July, a 3.5% drop year-on-year.

South Korea’s employment to population ratio was at 63.2% in July, up 0.3% percentage points year-on-year.

— Lim Hui Jie

Behind the decline in Lyft shares could be lackluster fourth-quarter guidance

Lyft shares dropped about 7% in extended trading Tuesday after the release of the ride-hailing company’s latest quarterly results.

The stock initially jumped 14% after Lyft posted second-quarter earnings results that beat analysts’ estimates, citing strong ride sharing demand. It posted adjusted per-share earnings of 16 cents, which far exceeded the per-share loss of 1 cent anticipated by analysts polled by Refinitiv. Meanwhile, Lyft’s second-quarter revenue of $1.02 billion came in line with estimates.

However, Lyft shares turned lower after the company’s fourth-quarter outlook seemed weaker than anticipated, according to a rough calculation from CNBC’s Robert Hum. Fourth-quarter revenue growth expectations showed low- to mid-single digit increases. Meanwhile, the rough fourth-quarter earnings margin came in line to slightly lower.

What’s more, while the company cited strong demand for rides, the revenue per active rider declined 5% as Lyft used price cuts to drive demand.

Stock Chart IconStock chart icon
hide content

Lyft shares 1-day

— Sarah Min, Robert Hum

Stocks making the biggest moves after hours

Check out the companies making headlines after hours.

  • Rivian Automotive — Rivian Automotive dipped about 2.5% in extended trading. The decline comes even after the electric automaker beat second-quarter expectations on the top and bottom lines. Rivian reported an adjusted loss of $1.08 per share on revenue of $1.12 billion. Analysts polled by Refinitiv had expected a loss per share of $1.41 on revenue of $1.0 billion.
  • Penn Entertainment — Penn Entertainment surged 22% after the entertainment and casino company said it’s launching an online sportsbook with ESPN, called ESPN Bet, this fall.
  • Lyft — Lyft shares were 6% lower in extended trading after initially popping more than 12% following the release of the ride-hailing company’s second-quarter results. Lyft posted revenue of $1.02 billion, in line with the estimate from analysts polled by Refinitiv. Meanwhile, adjusted per share earnings came in at 16 cents, beating the expectation of a loss of 1 cent per share.

Read the full list here.

— Sarah Min

Stock futures open flat

U.S. stock futures were little changed Tuesday night.

Dow Jones Industrial Average futures fell by 23 points, or 0.06%. S&P 500 futures dipped 0.03%, while Nasdaq 100 futures gained 0.01%.

— Sarah Min

#Stock #market #today #Live #updates

TAGGED:Breaking News: Marketsbusiness newsDow Jones Fut (Mar'23)Dow Jones Industrial AverageLivemarketMarketsNASDAQ 100 Fut (Mar'23)NASDAQ CompositePENN Entertainment IncRivian Automotive IncRoblox CorpS&P 500 Fut (Mar'23)S&P 500 IndexStockStock marketstodayUnited StatesupdatesWalt Disney CoWTI Crude (Mar'23)Wynn Resorts Ltd
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Xbox Series X Digital Edition might be in works in addition to “other hardware” allegedly planned for 2025 Xbox Series X Digital Edition might be in works in addition to “other hardware” allegedly planned for 2025
Next Article Analysis:Latest China developer debt woes could spur policy aid, but industry downbeat Analysis:Latest China developer debt woes could spur policy aid, but industry downbeat
- Advertisement -

Latest Post

Best crypto to buy: XRP, ADA and Bitcoin Pepe
Best crypto to buy: XRP, ADA and Bitcoin Pepe
Cryptocurrency
Djokovic-Murray coaching partnership ends before French Open | Tennis News
Djokovic-Murray coaching partnership ends before French Open | Tennis News
World News
Brussels seeks to sideline Hungary on Russia sanctions renewal – FT — RT World News
Brussels seeks to sideline Hungary on Russia sanctions renewal – FT — RT World News
World News
2025 Cloud Mining Gold Rush: 5 Platforms That Pay While You Sleep
2025 Cloud Mining Gold Rush: 5 Platforms That Pay While You Sleep
Cryptocurrency
Strategy Pumps Fresh .34 Billion Into Its Crypto Coffers
Strategy Pumps Fresh $1.34 Billion Into Its Crypto Coffers
Cryptocurrency
Investment banks lift China growth outlook after surprise trade deal with U.S.
Investment banks lift China growth outlook after surprise trade deal with U.S.
World News
- Advertisement -

You Might Also Like

Lauren James apologises for standing on Nigerian player’s back in World Cup match | World News
World News

Lauren James apologises for standing on Nigerian player’s back in World Cup match | World News

August 8, 2023
King Charles diagnosed with cancer: Buckingham Palace
World News

King Charles diagnosed with cancer: Buckingham Palace

February 9, 2024
Biden’s measures to stem illegal border crossings draw legal challenge
World News

Biden’s measures to stem illegal border crossings draw legal challenge

June 13, 2024
New York City bans TikTok for officials — RT World News
World News

New York City bans TikTok for officials — RT World News

August 17, 2023

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?