US stocks bounced-Baker Hughes, Netflix, Coinbase and More
2022.07.20 21:10
Budrigannews.com – U.S. stocks bounced on tech gains Wednesday. Here are the midday movers for July 20:
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Baker Hughes Co (NASDAQ:BKR) stock fell 7.8% as it saw deteriorating oil demand and sales and earnings fell short of expectations.
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Netflix Inc (NASDAQ:NFLX) shares rose 7% after the streaming giant said it lost fewer customers in the second quarter than it initially feared it would and was prepared for growth to return in the third quarter.
- Coinbase Global Inc (NASDAQ:COIN) shares jumped 12% after the crypto exchange benefitted from a bounce in Bitcoin itself. The largest cryptocurrency was up 2% on Wednesday to around $23,600.
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Bath & Body Works Inc. (NYSE:BBWI) shares were up 5% after the company lowered expectations for the quarter and the fiscal year, citing inflationary pressure and a shift in consumer behavior.
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Alphabet (NASDAQ:GOOG) shares rose 0.8% after The Information reported the parent of Google (NASDAQ:GOOGL) would pause hiring for two weeks. Last week, it said it was going to slow hiring, becoming one of the latest tech giants to take a cautionary approach given economic uncertainty.
