Wall Street stock indexes opened lower, putting them on track for weekly losses amid fears of war in Ukraine. Here’s what we’re watching in Friday’s trading:
- Streaming TV company Roku topped expectations with its latest earnings and revenue figures but came up short with its outlook for the current quarter.
- Digital sports entertainment and gaming company DraftKings reported a quarterly loss that widened from a year ago.
- Cognex reported a strong fourth-quarter financial performance that drove the company to a record year with more than $1 billion in revenue.
- Cloud-software company Dropbox reported quarterly results above Wall Street forecasts as it topped $2 billion in annual sales.
- Shake Shack said inflation hurt its business in the recent quarter, as did more investment expenses.
- DuPont said it would sell a majority of its Mobility & Materials business for $11 billion in cash to Celanese .
- Deere reported profit and sales for the recent quarter that beat expectations.
Chart of the Day
- It is time to start contemplating how vast wealth created in cryptocurrencies filters through the rest of the economy, writes Heard on the Street columnist Telis Demos.
Write to James Willhite at [email protected]
