Hot Market News
🔥 🟢 Netflix — The streaming giant’s stock climbed 9.01% following a report from YipitData that said the company’s gross additions in Canada have improved. YipitData wasn’t immediately available to comment on the report. Source: cnbc.com
🟢 Meta Platforms , Snap — The social media stocks moved higher as TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee. The company faces a potential ban in the U.S. over privacy concerns. Snap gained 3.08%, while Facebook-parent Meta rose 2.24%. Source: cnbc.com
🔴 Coinbase shares fell 14.05% after Coinbase was notified by the Securities and Exchange Commission that it identified possible violations of U.S. securities law. Oppenheimer also downgraded the stock to perform from outperform, citing the SEC notice and concerns over blockchain development in the U.S. Source: cnbc.com
🟢 AMC shares jumped 3%, cutting March losses to 36%. The advance came even after Citi resumed coverage of AMC with a sell rating and a price target of just $1.6. The stock could be reacting to a report that said Apple plans to spend $1 billion a year on theatrical film releases. Source: cnbc.com
🟢 Alibaba — The Chinese tech giant gained 4.3%, building on gains from a day earlier. To be sure, the stock has struggled this year, losing 5%. Source: cnbc.com
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