BigBear.ai Holdings (NYSE: BBAI) might be on the cutting edge of technology, but its stock was dulled by a sell-off Friday. Investors sold out of the artificial intelligence (AI) specialist on the back of a rather weak earnings report. When the smoke cleared, the share price was down nearly 14%, contrasting sharply with the 1.3% gain of the benchmark S&P 500 index.
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AP Photo/Jason DeCrow Stocks soared Friday after a light April jobs report gave investors hope of a rate cut sooner than later.Expectations have been pushed out in recent weeks following a series of hot economic data. The US economy added 175,000 jobs last month, below expectations of 238,000.US stocks soared Friday after a light April jobs report sent bond yields tumbling and increased the chance
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Hardly for the first time in recent days, edge computing company Fastly (NYSE: FSLY) was socked with an analyst price target cut on Friday. Although this probably didn't come as an overwhelming surprise to market participants, they nevertheless didn't like it. The stock traded down by 3.5% during a session in which the S&P 500 index was well in positive territory with a 1.3% increase.
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