A naukri.com initiative
Pymnts
1w
236
Image Credit: Pymnts
Live Pillar Leads Gains as CE 100 Index Bucks Broader Markets
- The CE 100 Index ended the last few days of 2024 and the first few days of the new year with a slight gain, adding 0.3%, while broader markets fell across the board.
- The Live Pillar pulled ahead by 2.3%, buoyed by iRobot, a volatile name that was up more than 24% through the week, though without any company-specific news...
- The Eat segment was 2.2% higher; restaurant tech Olo advanced by 6.3% and DoorDash was 3.3% higher.
- Work segment countered those gains, sliding 2.2%. Xerox gave up 9.6%, giving back some of the gains that had been seen after the company struck a deal to buy Lexmark for $1.5 billion.
- Apple’s stock slipped 4.8%. As reported this past week, the tech juggernaut has agreed to pay $95 million to settle a privacy lawsuit centered on its voice assistant, Siri.
- FedEx’s shares gave up 2.2%, helping lead the Move pillar down by 0.2%.
- Tesla’s stock was 4.9% lower. Data from Tesla’s latest delivery report noted that the company had delivered a bit more than 495,900 vehicles on a global basis, up from 484,500 last year but below consensus analyst estimates on Wall Street of around 510,000 vehicles.
- Microsoft said that it plans to invest $80 billion to build data centers in fiscal 2025, aiming to use them to power the development and use of artificial intelligence (AI).
- Meta is looking toward a future where AI characters generate content on its social media platforms Instagram and Facebook.
- The company’s stock was down 1.7% through the week, though the overall Enablers vertical, as tracked by PYMNTS, was 0.7% higher.
Read Full Article
14 Likes
For uninterrupted reading, download the app