February 6, 2023 8:20 p.m. | 2 minute read
Major Wall Street indexes closed in the red on Monday as investors and traders remained wary of rising bond yields. The 10-year US Treasury yield closed up 11 basis points while the 2-year bond yield rose 18 basis points. The Nasdaq Composite closed down 1% while the S&P 500 ended down 0.61%. Market players will now be watching Federal Reserve Chairman Jerome Powell speech Tuesday. In the meantime, here are the five stocks that are catching investors’ attention:
1. Tesla Inc. (NASDAQ:TSLA): Tesla shares closed up 2.52% on Monday. A US jury found the CEO on Friday Elon Musk was not responsible for misleading investors when he tweeted in 2018 that he had “secure funding” to take Tesla private.
Also Read: Everything You Need to Know About Tesla Stock
2. Apple Inc. (NASDAQ:AAPL): Apple shares closed down 1.79% on Monday. The company’s latest iPhones are selling at discounts of more than $100 in China, an unusually large price drop just months after launch that indicates a drop in demand for even its highest-end devices, reported Bloomberg.
3. Bed Bath and Beyond Inc (NASDAQ:BBBY): The company’s stock has seen bouts of volatility. The stock closed 92.13% higher but lost 35.84% in the extended session. The company announced a proposed convertible preferred stock and warrant offering through which it expects to raise approximately $225 million in gross proceeds.
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4. AMC Entertainment Holdings Inc. (NYSE:AMC): Shares of the company closed up 11.84% on Monday. The company said it would explore plans to adjust the prices of its seats based on the location of the chair. Seats in the middle of the theater will be more expensive, while seats outside and in the aisles may be cheaper.
5. Pinterest Inc. (NYSE:PINS): Shares of Pinterest closed up 1.53% but lost 2.26% in the extended session. The company’s fourth-quarter revenue rose 4% year-over-year to $877.21 million, beating analysts’ average estimate of $886.44 million. The company said its chief financial officer Todd Morgenfeld will be stepping down to pursue new career opportunities, effective July 1.
Read more: Activision Blizzard Q4 Earnings Highlights: Record Net Bookings, Call Of Duty Performance, Microsoft Deal Update, And More
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