However, we believe that a 30
percent fall after such a stupendous rally this year should not come as a surprise.
Not exact matches
On the other end of the spectrum was Snap Inc, whose shares plunged 21.6
percent after the Snapchat owner
fell short of Wall Street forecasts for revenue and regular users.
Snap Inc shares plunged 21.9
percent after the Snapchat owner
fell short of Wall Street forecasts for revenue and regular users.
Starbucks
fell 3
percent in premarket trade
after the company announced CEO Howard Schultz is leaving his post.
April 24 - Shares of Freeport - McMoRan Inc
fell more than 14
percent on Tuesday
after the miner revealed onerous environmental demands from Indonesia's government that could delay a new contract for its massive Grasberg copper mine.
Brent crude oil futures were up 31 cents at $ 73.44 a barrel by 0900 GMT,
after falling nearly 3
percent on Tuesday to its lowest in two weeks.
The Saudi stock index was flat, restrained by a 1.9
percent drop by top petrochemical producer Saudi Basic Industries, which
fell 2.1
percent after reporting lower - than - expected fourth - quarter earnings.
* August white sugar settled down $ 1.60, or 0.5
percent, at $ 323.80 per tonne,
after falling to...
India — the second - largest gold jewelry consumer
after China — reported its weakest quarter since 2008,
falling 12
percent year on year to 87.7 tons.
Yum shares
fell 5
percent in premarket trading on Wednesday
after results showed sales at restaurants open at least a year rose 1
percent in the three months ended March 31, compared with the 2
percent expected by analysts, according to Thomson Reuters I / B / E / S.
Shares of Clorox
fall 5
percent after Morgan Stanley downgraded the stock, noting the company will face strong headwinds in the near future.
LONDON / BENGALURU, May 2 (Reuters)- Spotify Technology SA shares dropped as much as 9
percent after the streaming music leader's subscriber outlook and quarterly revenue
fell just short of analyst estimates in its first report as a public company.
Gold
fell 1.2
percent on Friday
after stronger than expected U.S. payrolls data shored up expectations that a pick - up in inflation will spur further U.S. interest rate hikes this year, boosting the U.S. currency, in which it is priced.
LONDON / BENGALURU, May 2 - Spotify Technology SA shares dropped as much as 9
percent after the streaming music leader's subscriber outlook and quarterly revenue
fell just short of analyst estimates in its first report as a public company.
LONDON / BENGALURU, May 2 - Spotify Technology SA shares dropped 9
percent after the streaming music leader's subscriber outlook and quarterly revenue
fell just short of analyst estimates in its first report as a public company.
Shares in the company that also owns the Taco Bell brand
fell 5
percent early on Wednesday,
after its chief financial officer said lingering concerns at KFC UK would contribute to the current quarter likely being «the worst» of the year.
The benchmark 10 - year Treasury note
fell from a more than four - year high to below 3
percent after the European Central Bank kept interest rates unchanged and reaffirmed its stimulative monetary policy stance.
On the other end of the benchmark, Swedish packaging company BillerudKorsnas
fell 4.7
percent by the end of Friday
after a profit warning.
Sterling
fell more than 1
percent against the dollar to $ 1.25
after reaching a seven - week high in early European trading.
In particular, H&M
fell 2.76
percent after a rating downgrade by SEB to a «sell» from a «hold».
Apple shares, which
fell as much as 4.4
percent in the first 90 minutes of Nasdaq trading on Tuesday, steadied
after the denial to be down 3.1
percent by 1642 GMT (1242 EDT).
Although Skou remained positive about the outlook for global trade, Maersk shares
fell more than 5
percent after it gave a forecast for 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) of $ 4 - $ 5 billion, below analyst expectations of $ 5.3 billion.
U.S. stocks were expected to open modestly lower
after two days of gains — Dow futures
fell 0.2
percent to 11,003 while the broader Standard & Poor's 500 futures
fell 0.1
percent to 1,164.
Orders for machinery
fell 1.9
percent, the largest drop since April 2016,
after rising 0.6
percent in February.
Meanwhile the utilities sector
fell 1.37
percent, with United Utilities Group tumbling over 4
percent,
after HSBC slashed its target price and rating on the stock.
In individual stocks, Swedish retailer H&M saw its shares drop more than 5
percent to the bottom of the European benchmark
after a 20
percent fall in quarterly pretax profits from a year ago.
Shares of the Portuguese energy firm EDP also
fell more than 2
percent on Monday
after its CEO was named a suspect in a corruption investigation.
AA Plc
fell nearly 13
percent after the company announced that Bob Mackenzie has been removed as chairman of the firm for «gross misconduct.»
Sterling
fell 0.2
percent to $ 1.3853
after a speech by Britain's prominent pro-Brexit foreign minister Boris Johnson.
They
fell 4
percent after the company announced CFO Jeff Bornstein will depart at the end of the year, along with marketing chief Beth Comstock and international executive John Rice.
Ministry of Finance data showed exports
fell 2.9
percent in February from a year earlier, more than a 1.9
percent drop expected by economists in a Reuters poll,
after a revised 6.3
percent rise in January.
The company's shares
fell as much as 8.1
percent in
after - market trading as sales of its premium non-invasive device, used to replace diseased aortic valves without open - heart surgery, is its biggest growth driver.
The Nasdaq composite
fell 0.15
percent to end at 6.579.73,
after hitting a record high earlier in the session.
On the London Metal Exchange, copper slipped 0.3
percent after advancing as much as 0.8
percent, while the five other main metals also
fell.
Ethereum, the second - largest cryptocurrency by market capitalization,
falls 6
percent after The Wall Street Journal reports that it has come under scrutiny by regulators.
Pareteum Corp.
fell as much as 25
percent as of 10:16 a.m. in New York, while Digital Power Corp. and LongFin Corp. each slipped more than 6
percent after South Korea's government said it wanted to clamp down on speculation, potentially by shutting down some exchanges.
Gold futures for December delivery rose 0.4
percent to $ 1,297.20 an ounce at 12:38 p.m. on the Comex in New York,
after falling as much as 0.8
percent and climbing 0.7
percent to briefly pierce the $ 1,300 threshold.
Shares of Hertz Global Holdings
fell more than 4
percent in extended trade
after the company said John Tague will step down from his post as president and CEO of the company.
Steelcase shares
fell more than 10
percent in extended trade
after the furniture company posted its quarterly earnings report.
FedEx shares
fell 3
percent in extended trade Tuesday
after the company reported earnings that missed Wall Street expectations.
This of course contrasts with the Labor Department's news yesterday that U.S. employers — of all sizes — added 120,000 jobs last month, and as a result the unemployment rate
fell to 8.6
percent,
after a prolonged period at 9
percent.
Health care (XLV) registered as a «winner» in the first quarter, down a little less than the S&P 500 as a whole, but being a winner showed that the market really
fell apart
after a strong start in January — health - care stocks were down only about 2
percent.
The company's shares
fell nearly 19
percent in
after - market trading as investors reacted to possible consequences of the exposure of sensitive data of nearly half of the U.S. population.
Bitcoin
fell again Thursday, bringing its two - day losses to more than 18
percent,
after news of increased regulatory scrutiny of cryptocurrency exchanges.
QUEASY RESULTS: American International Group dropped 85
percent to $ 50.17
after its first - quarter profit
fell short of analysts» estimates.
The British pound edged 0.2
percent higher at $ 1.3635
after having
fallen to a four - month low of $ 1.3588 on Tuesday on soft UK manufacturing data.
MongoDB stock
fell about 6.4
percent in the extended session,
after the company's first earnings report since an October IPO.
Among results disappointments, Paddy Power Betfair was among the worst - performing on the European index, down 4
percent after first - quarter earnings
fell.
Bollore
fell 6
percent after French police questioned billionaire Vincent Bollore over allegations his group worked on the election campaigns of presidential candidates in two African countries in return for lucrative port contracts.
In the auto sector, truck maker AB Volvo
fell 4.6
percent after it warned that its supply chain was coming under pressure, while results from automaker PSA Group disappointed, weighing on its shares.