The final day of trading for the week is here, and with it comes plenty of stock market news investors need to know about. Let’s dive into that below with a look at the hottest happenings on Friday.
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- Citigroup (C) stock was down alongside reports that the financial company has prepared another round of layoffs.
- Booz Allen (BAH) stock rallied after the consulting solutions company surpassed EPS estimates in its latest earnings report.
- Schlumberger (SLB) stock got a boost from the oil company’s latest earnings report, despite a profit drop.
- Amazon (AMZN) stock was up following a report that more layoffs are happening at the e-commerce company.
- Movano (MOVE) stock rocketed higher on news of a GPU lease agreement for merger partner Corvex.
- Eli Lilly (LLY) stock was down despite a bullish price target from a top Wall Street analyst for the pharmaceutical company.
- Novo Nordisk (NVO) stock was on the rise alongside reports of strong weight loss pill sales.
- Advanced Micro Devices (AMD) stock gained after the semiconductor company announced the price and release date for its Ryzen 7 9850X3D CPU.
- UBS (UBS) stock dropped after the financial firm announced plans to offer crypto investing to private clients.
- TikTok has reportedly reached an agreement that will allow it to continue operations in the U.S.
- The Dow Jones Industrial Average (DJIA) was down despite a positive consumer sentiment update from the University of Michigan.
- Sony (SONY) stock slipped alongside a new report that the PlayStation 6 will be delayed longer than industry experts predicted.
Read more of the top stock market stories at TipRanks.