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Aug. 8, 2022, 4:33 p.m. EDT

Dow ekes out gain as stocks end mostly lower, with investors awaiting next U.S. inflation report

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By Vivien Lou Chen and William Watts

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Companies in focus

  • Shares of AMC Entertainment Holdings Inc. /zigman2/quotes/200235402/composite AMC +0.33% finished up by 8%. The shares have rallied since the movie theater operator announced last week that it will issue a special “APE” dividend, in the form of AMC Preferred Equity Units that will trade on the New York Stock Exchange.

  • Fellow meme-stock favorite GameStop Corp. /zigman2/quotes/203755179/composite GME +11.37% closed 8.5% higher.

  • Nvidia Corp. /zigman2/quotes/200467500/composite NVDA +6.51% shares finished down by 6.3% after the semiconductor company disclosed that it expects to fall well short of revenue expectations for its latest quarter, largely due to gaming weakness.

  • Class A shares of Warren Buffett’s Berkshire Hathaway Inc. /zigman2/quotes/208872451/composite BRK.A +0.26% ended down by less than 0.1% after the company reported a $43.76 billion loss in the second quarter on Saturday as the paper value of its investments plummeted. Berkshire’s operating earnings, which exclude some investment results, rose to $9.28 billion from $6.69 billion a year earlier. Buffett has said operating earnings are his preferred gauge for measuring performance.

  • Palantir Technologies Inc. /zigman2/quotes/221054928/composite PLTR +0.71% shares finished down by 14.2% after the software company posted a surprise adjusted loss on a per-share basis and delivered revenue guidance that fell short of the consensus view.

How other assets fared

  • The ICE Dollar index /zigman2/quotes/210598269/delayed DXY -0.23% fell 0.2%.

  • Bitcoin /zigman2/quotes/31322028/realtime BTCUSD +0.10% advanced 2.8% to around $23,916.

  • Oil futures ended higher, with West Texas Intermediate crude for September delivery rising $1.75, or 2%, to close at $90.76 a barrel on the New York Mercantile Exchange. Gold futures ended up 0.8%, settling at $1,805.20 an ounce.

  • Asia markets posted a mixed finish after another COVID-19 lockdown in a part of China impacted sentiment. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +1.64% closed down by 0.8%, while Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +1.27% finished up by 0.3%.

  • In Europe, the Stoxx 600 /zigman2/quotes/210599654/delayed XX:SXXP -0.17% finished 0.7% higher, while London’s FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.23% gained 0.6%.

Jamie Chisholm contributed to this article.

/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 6.07
+0.02 +0.33%
Volume: 30.50M
Dec. 8, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$3.16 billion
Rev. per Employee
$131,169
loading...
/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 24.79
+2.53 +11.37%
Volume: 10.25M
Dec. 8, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.78 billion
Rev. per Employee
$500,892
loading...
/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 171.69
+10.49 +6.51%
Volume: 51.55M
Dec. 8, 2022 4:00p
P/E Ratio
73.04
Dividend Yield
0.09%
Market Cap
$396.55 billion
Rev. per Employee
$1.27M
loading...
/zigman2/quotes/208872451/composite
US : U.S.: NYSE
$ 462,780
+1,187 +0.26%
Volume: 2,647
Dec. 8, 2022 4:10p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$673.66 billion
Rev. per Employee
$794,952
loading...
/zigman2/quotes/221054928/composite
US : U.S.: NYSE
$ 7.12
+0.05 +0.71%
Volume: 23.11M
Dec. 8, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.71 billion
Rev. per Employee
$626,751
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
104.53
-0.24 -0.23%
Volume: 0.00
Dec. 8, 2022 11:42p
loading...
/zigman2/quotes/31322028/realtime
US : CoinDesk
17,195.32
+17.13 +0.10%
Volume: 0.00
Dec. 8, 2022 11:51p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
19,769.42
+319.19 +1.64%
Volume: 1.84M
Dec. 9, 2022 12:05p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
27,925.99
+351.56 +1.27%
Volume: 0.00
Dec. 9, 2022 1:32p
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
435.47
-0.73 -0.17%
Volume: 0.00
Dec. 8, 2022 11:03p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,472.17
-17.02 -0.23%
Volume: 0.00
Dec. 8, 2022 4:59p
loading...

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