December 3, 2021
  • December 3, 2021

Twitter, IAC, Nvidia, Conagra: what to watch on the stock market today

By on October 7, 2021 0

U.S. stocks rose in morning trading after Republicans proposed an extension of the short-term debt limit, helping to stave off immediate concerns about a possible government default. Here’s what we’re watching ahead of Thursday’s opening.

  • Twitter TWTR 3.74%

    shares rose 2.4% after the company announced it was selling mobile advertising company MoPub to AppLovin APP 9.71%

    for $ 1.05 billion in cash. AppLovin jumped 13%.

Twitter headquarters in San Francisco, California on July 19, 2021.


Photo:

David Paul Morris / Bloomberg News

  • Barry Diller’s media conglomerate IAC / InteractiveCorp. CAI 5.38%

    climbed 2.5% after closing a $ 2.7 billion deal to buy Meredith,

    MDP 6.59%

    a magazine publisher with brands such as People and InStyle. Meredith shares rose 6.3%.

  • Mega-capitalized tech companies rose as government bond yields edged down. Apple,

    AAPL 1.49%

    Amazon.com,

    AMZN 1.69%

    Microsoft MSFT 0.88%

    and Nvidia NVDA 1.86%

    grew by more than 1% each, and Square SQ 3.21%

    was up 4%.

  • Tilray TLRY -1.85%

    shares fell 3.3% after the cannabis company said its first-quarter net loss widened.

  • Lamb Weston LW -8.71%

    shares fell 8.4% after the potato and vegetable company reported first quarter earnings and sales that beat expectations.

  • Manufacturer of household and personal care products Hélène de Troie HELE 7.43%

    climbed 7.6% after raising its outlook for fiscal 2022.

  • Moderna mRNA 2.08%

    stocks gained 1.9%. He presented plans to build a vaccine manufacturing plant in Africa. As of Wednesday’s close, the stock had lost more than 20% of its value this month so far.

  • ACCD Award 1.52%

    will post the winnings after the close.

Card of the day
  • Airlines shares have gained more than 10% over the past month, as broad stock markets have fallen. However, this is only a partial rebound from a bad summer for aviation stocks, including those of aircraft manufacturers. Only shares of low-cost airlines are currently trading above their pre-Covid levels.

Write to Anna Hirtenstein at [email protected]

Corrections and amplifications
Stock futures were up before the market opened on Thursday. An earlier version of this article incorrectly stated that the move was on Wednesday.

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


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