The Nasdaq Composite turned positive for the year during Thursday's session as optimism about the reopening of the U.S. economy sparked a broad market rally. Energy and financials, as well as industrials stocks like Boeing and the airlines, led the Dow and S&P 500 higher as investors snapped up equities on hopes America could be back to work before long.positive session in a row.The Nasdaq Composite is up 4.35% this week, on pace to break a 2-week losing streak.The S&P 500 is up 1.
Lyft – Shares jumped more than 23% after the company beat revenue estimates for the first quarter. The ride-hailing company lost an adjusted $1.09 per share for the quarter, worse than the 63 cents loss analysts had been expecting, but revenue topped estimates and rose 23% year over year. The number of active riders increased by 3% year over year.
Peloton – Shares of the exercise company surged more than 13% after it said sales jumped 66% year over year, fueled by people staying home amid the coronavirus pandemic. The company lost 20 cents per share on $524.6 million in revenue. —Payments companies PayPal and Square both saw positive data coming out of the coronavirus lockup period as consumers increase their e-commerce spending.
Similarly, Square's CFO said its Cash App generated 112% profit growth in March. "In March and then again in April, Cash App set new highs for its number of net-new monthly transacting actives," Square CFO Amrita Ahuja said on the earnings call. Square reported a loss of 2 cents per share, while analysts were forecasting earnings of 13 cents per share, according to Refinitiv. Morgan Stanley said the downturn makes Square look more like a bank.
I can't transfer with my PayPal account
PayPalNews You put this news to appear all good but you do not allow me to withdraw even after ID, bank account and card confirmed. This is the equivalent to seizure of goods. I can’t wait to just never use your services again
There is nothing essential about payment services like paypal, they are an unnecessary party in a transaction that provides less security than traditional transaction parties. Paypal doesnt investigate fraud, mastercard/visa do.
So buy bitcoin ?
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