Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- ExxonMobil (XOM) shares are moving after it reported earnings this morning. Chevron (CVX) shares are as well after Exxon and Chevron both beat earnings estimates on strong refining
- Crypto related stocks are lower after Binance suffered a $6.3 billion hack, the largest to hit the digital-asset industry, and has suspended all withdrawals. Bitcoin, Coinebase (COIN), and Circle (CRCL) are among those moving lower.
- Amazon (AMZN) and Intel (INTC) are in the red this morning after Amazon reported greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years. Intel's revenue forecast missed analysts' estimates, hurt by demand for PC processors and supply-chain problems with data center components.
- Reddit (RDDT) shares are sinking on plans to limit access to its online forums to get users to register for accounts and deepen engagement. Reddit executives are willing to sacrifice some of the platform's reach to engage a smaller but more engaged audience with insights that will be valuable to advertisers.
See omnystudio.com/listener for privacy information.