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Stocks Recover as Wall Street Looks Toward April Jobs Report

July 14, 2023
in Trade Tube
Reading Time: 1 min read
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Whole Foods Market (WFM) was the worst performer on the S&P 500 after quarterly sales disappointed. The supermarket operator also announced plans to launch a low-cost chain stocked with cheaper products. Keurig (GMCR) was seeing big losses after missing forecasts on its top- and bottom-line and cutting guidance. Alibaba (BABA) jumped after reporting strong sales in a better-than-expected quarter. Yahoo! (YHOO), which owns a $39 billion stake in the company, was pulled higher on the earnings report. Stocks had turned positive, though moves were shaky as bond markets sold off in the U.S. and Europe.

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