Yahoo Finance Live anchor Seana Smith looks at where stocks settled on Monday afternoon.
(Bloomberg) -- Take-Two Interactive Software Inc. missed analysts’ estimates for annual profit after incorporating results from its purchase of mobile-game maker Zynga earlier this year. The shares fell about 4% in extended trading. Most Read from BloombergFBI Raid Focused on Material Trump Brought from White HouseChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsS&P 500 Finishes Lower After Wiping Out 1% Rally: Markets WrapAd
Shares of Magnite (NASDAQ: MGNI) were pulling back last month as a pair of news items weighed on the ad tech stock even as the broad market rallied. First, Netflix made a surprising move, choosing Microsoft as its advertising partner, which includes using the tech giant's own ad tech platform, likely blocking out pure plays like Magnite. As you can see from the chart, it was a volatile month for the ad tech company.