Health insurer and pharmacy company CVS Health also provided figures. The company managed to exceed the expectations of experts in terms of profit. In particular, the comparable turnover in the company’s branches rose faster than expected. However, the stock lost more than 3 percent in value.
Other companies that reported figures included food group Kraft Heinz (down 4.1 percent), homeware maker Tupperware (up 13 percent) and video game maker Activision Blizzard (up 4 percent), known for games like Candy Crush and Call of Duty. Trading platform Robinhood also managed to draw attention to itself after the price jump a day earlier. The stock also traded above the offering price of $38 for the first time. In early trading on Wednesday, Robinhood gained another 65 percent in market cap.
A report by paycheck processor ADP found that US companies are having trouble recruiting staff as the economy picks up again and the demand for additional workers increases. Only 330,000 new corporate jobs were created in the United States last month, according to ADP. Economists had expected on average 683,000 new jobs. The June figure was also revised downwards.
The euro was worth $1.1895, against $1.1881 a day earlier. A barrel of US oil was 2 percent cheaper at $ 68.58. Brent oil fell 1.5 percent in price to $70.88 a barrel.
GM loses on Wall Street after disappointing data update | Financial
Source link GM loses on Wall Street after disappointing data update | Financial