Stocks Rally, Led by Tech Gains; PayPal Drops on Amazon Venmo News
-
The stock market picked up pace Thursday with major indexes posting gains, led by the tech-heavy Nasdaq which collected momentum.
-
Venmo parent PayPal lost nearly 2% after Amazon said it would no longer accept Venmo payments starting January 10th.
-
Ciena rose after exceeding profit and revenue estimates, though growth slowed from prior quarters. Shares are in a long base with a 54.25 buy point.
-
Walgreens stock popped over 7% to lead the Dow Jones Industrial Average and reclaimed its 50-day moving average.
-
AI stock Braze sold off despite beating Q3 estimates and issuing strong guidance, while C3.ai fell below its 50-day line after mixed fiscal Q2 results.