Sumability
Topics
  1. Home
    2. >
  2. Stock Markets πŸ€‘
Posted

Markets Dip Ahead of Fed Meeting as Oil Prices Ease, Instacart Gains Fade, and China's Oil Demand Peak Nears

  • U.S. markets dipped and Treasury yields rose Tuesday as investors awaited the Fed meeting outcome. Asia-Pacific markets also fell.

  • Instacart shares rose 12.3% on their first day of trading, closing at $33.70. The stock initially jumped 40% but gains faded as investors took profits.

  • Analysts predict China's oil demand will peak in 3-5 years as the country transitions to carbon neutrality. This could end China's 20-year oil market dominance.

  • Among mega-cap tech stocks, one is the "cheapest of all" with long-term potential, says a strategist.

  • Oil prices dipped Tuesday, breaking a 3-day rally. Analysts don't think oil spikes will affect rate decisions unless prices keep rising.

cnbc.com
Relevant topic timeline:
Instacart files to go public on Nasdaq to try and unfreeze tech IPO market
Instacart, the grocery delivery company, has filed for an IPO, reporting profitable quarters and revenue of $716 million, with plans to create an omnichannel experience merging online and in-store shopping.
Instacart Plans Lower Valuation IPO, First Major Tech Listing Since 2021
Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, marking a significant change from its previous valuation, as it looks to reignite the IPO market.
Instacart IPO Plans Show Comedown for Investors from Pandemic Highs
Sequoia Capital and Andreessen Horowitz are expected to face significant losses on their investment in Instacart, as the company plans to sell shares at a valuation that is more than 75% below the price at which the venture firms invested.
Stocks On The Move: Starbucks Falls On China Worries, Instacart Pops After IPO, Disney Slumps On Spending Plans, Planet Fitness Slides After CEO Exit
Starbucks shares fall 2% after a downgrade, while Instacart's stock pops about 12.3% upon its debut on the public market.
Instacart Shares Drop as IPO Excitement Fades Amid Economic Concerns and Changing Consumer Habits
Instacart shares fall 5% as the grocery delivery app struggles to maintain strong gains on debut amid concerns of inflation and higher interest rates.
Stocks on the Move: Instacart Falls, Steelcase Soars After Earnings Beat, Klaviyo Jumps in IPO, Bausch Up on Upgrade, Stellantis Gains on Europe Sales
Instacart shares fall after going public, Steelcase soars on strong earnings, Klaviyo jumps after IPO, Bausch Health surges on upgraded rating, Stellantis sees sales growth in Europe, Pinterest rallies on revenue growth expectations, Coty raises full-year outlook, Zebra Technologies downgraded, Textron signs deal with NetJets, Chewy downgraded on pet category weakness, and various other companies see stock movements.
Instacart Stock Drops 13% After IPO As Competition Concerns Grow
Instacart's stock price is falling on its second day of trading as an analyst raises concerns about competitive pressures.