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29 Minutes In the past
The place the key averages stand
Here is the place the key averages stand for the week forward of Friday’s buying and selling:
- The S&P 500 is down 0.10%
- The Nasdaq Composite is up 1.19%
- The Dow Jones Industrial Common is down 1.14%
- The Russell 2000 is down 1.01%
— Lisa Kailai Han
58 Minutes In the past
Globe Life inventory bounces after giant selloff on Thursday
Shares of Globe Life bounced again 11% in Thursday’s prolonged buying and selling hours. The inventory sold off hard during Thursday’s session, ending the day 53% decrease, after a report from short-seller Fuzzy Panda Research alleged a number of occurrences of insurance coverage fraud.
“We uncovered intensive allegations of insurance coverage fraud ignored by administration regardless of being apparent and reported a whole bunch of instances,” the analysis agency wrote. It additionally famous that the group’s construction is a multi-level-marketing technique that borders on a pyramid scheme.
In the identical report, Fuzzy Panda Analysis additionally disclosed that it had taken a brief place within the life insurance coverage inventory.
— Lisa Kailai Han
An Hour In the past
Inventory futures are unchanged
Inventory futures traded close to flat on Thursday night time.
Futures tied to all three main indexes have been buying and selling unchanged shortly after 6 p.m. ET.
— Lisa Kailai Han
