So much for that positivity, we saw for most of the day. Stocks weakened on Thursday afternoon, giving up the morning’s gains and showing that investors are still concerned about the prospects of tightening monetary policy and slowing growth…(Wall Street Journal)
Final Numbers…
S&P 4,482 | ▼ 50
10-YR 1.81 | ▼2 bips
(Current as of 5:35 AM)
Today’s Big Winner & Loser
Today’s big loser was Peloton. The stock closed down almost 24% on news they were temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs…(CNBC)
First Runner Up: VALN (-20.75%)
Woodside Petroleum was one of the few bright spots today with an almost 19% gain on news it signed an agreement with Commonwealth LNG to negotiate a deal to secure LNG supply from its proposed liquefaction plant in Louisiana…(Reuters)
First Runner Up: HKIB (+16.63%)
Happening Before Friday’s Open…
6:30 PM Japan’s inflation rate
2:00 AM Great Britain Retail Spending in December