S&P 500: -0.96%
European stocks have continued their decline, with the DAX, CAC 40, and Stoxx 50 all falling more than 2%. The FTSE 100 is down 0.5%.
US indices futures are also in the red. The Dow is at -0.72%, the S&P at -0.96%, and the Nasdaq is trading at -1.54%.
Spirit Airlines – News broke yesterday evening that JetBlue had made a bid to acquire Spirit for approximately $3.6 billion in cash. Spirit’s board said it will consider the offer. After closing Tuesday’s session over 20% higher, its stock has slid 2.9% premarket.
Tilray – The company reported a profit for the latest quarter, sending its shares up 4.9% premarket. However, revenue came in below analyst expectations.
Rivian – The electric vehicle company reported Q1 production of 2,553 and deliveries of 1,227 vehicles after the close on Tuesday, in line with the company’s expectations. Rivian shares gained 1.68% premarket.
Redrow Caps Cladding Compensation – Is This Really Over?
Smith & Nephew price target increased to 1,680p from 1,670p at Barclays
Rightmove price target cut to 610p from 630p at Barclays
NatWest Group price target trimmed to 320p from 350p at Barclays
Endeavour Mining price target boosted to 2,850p from 2,450p at Barclays
Auto Trader Group price target lowered to 720p from 725p at Barclays
McColl’s Retail Group: +11.88%
Sareum Holdings: +11.06%
Wentworth Resources: +10.14%
Amigo Holdings: +10%
Avon Protection: -18.77%
Igas Energy: -12.44%
Nostrum Oil & Gas: -10.93%
Polymetal International: -7.91%
European stocks are lower Wednesday morning, following their US and Asian counterparts…
FTSE 100: -0.10%
CAC 40: -0.23%
Stoxx 50: -0.21%
IBEX 35: -0.01%
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