Wall Street closes sharply higher on strong corporate earnings

Wall Street closes sharply higher on strong corporate earnings

Boeing raises on deal to sell jets to 777 Partners Johnson & Johnson and IBM fall on dollar impact warning Halliburton, Hasbro, Truist rise after profit beat Indexes Up: Dow 2.43%, S&P 500 2.76%, Nasdaq 3.11% Biggest one-day percentage gain for Nasdaq since June 24 July 19 (Reuters) – US stocks closed with sharp gains … Read more

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Ackman gives up on Netflix, taking 0 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more