By Barbara Kollmeyer
AppLovin /zigman2/quotes/226004863/composite APP -10.29% is rallying after the app-monetization group’s executives said their software business is revving up , and they could put the app unit up for sale.
EV maker Rivian Automotive /zigman2/quotes/230726939/composite RIVN -3.65% is up after sticking to its 2022 production outlook . And Lordstown Motors /zigman2/quotes/211334938/composite RIDE -9.23% surged more than 30% after saying deal to sell its factory to Foxconn went through .
Beyond Meat’s /zigman2/quotes/211617595/composite BYND -5.75% stock is headed below its IPO price for the first time after disappointing results. Grocery-delivery group Instacart has filed for a long-awaited IPO .
WeWork /zigman2/quotes/222085303/composite WE -8.28% and Squarespace /zigman2/quotes/226569419/composite SQSP -7.11% are both up on well-received results, while US Foods /zigman2/quotes/202988961/composite USFD -3.03% is tumbling on earnings disappointment.
April producer prices rose 0.5%, which met some economists forecasts, with annual inflation easing jut a bit. Weekly jobless claims crept up by 1,000 to 203,000.
The crypto bloodbath continues. Following the collapse of algorithmic stablecoin TerraUSD, mega stablecoin, Tether /zigman2/quotes/226258617/realtime USDTUSD 0.00% , announced a $1 billion swap as it hit a low of 95 cents. Bitcoin /zigman2/quotes/31322028/realtime BTCUSD +0.26% is down about 5%.
President Joe Biden urged Americans not to “grow numb to such sorrow” as he announced 1 million COVID deaths in the country.
Finnish leaders are backing NATO membership in response to Russia’s war in Ukraine, and Moscow has threatened retailiation. Former Russian president Dmitry Medvedev warned that the West’s steady weapons supply and support for Ukraine risks “full-fledged nuclear war.”
Stocks /zigman2/quotes/210598065/realtime DJIA -0.18% /zigman2/quotes/210599714/realtime SPX -0.42% /zigman2/quotes/210598365/realtime COMP -1.19% are under pressure, along with Treasury yields /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -1.93% /zigman2/quotes/211347045/realtime BX:TMUBMUSD02Y +0.65% , as the dollar climbs /zigman2/quotes/210598269/delayed DXY -0.12% . Commodities are also sliding, with oil /zigman2/quotes/209723049/delayed CL00 +0.13% down over 2% and gold /zigman2/quotes/210034565/delayed GC00 -0.12% down nearly 0.5%.
Here’s a look at how Apple’s market cap eventually ceded to Saudi Aramco’s.
These were the top-searched tickers on MarketWatch as of 6 a.m. Eastern Time:
|/zigman2/quotes/200235402/composite AMC||AMC Entertainment|
This tough root crop could break the world’s dependence on wheat .
Spain expected to be the first country in the world to offer “menstrual leave.”
Passenger with no training lands a small plane in Florida .
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