Previous close | 6.69 |
Open | 4.85 |
Bid | 5.65 |
Ask | 6.00 |
Strike | 60.00 |
Expiry date | 2025-01-17 |
Day's range | 4.80 - 5.55 |
Contract range | N/A |
Volume | |
Open interest | 4.35k |
Shares of Block (SQ) are moving up Friday morning — gains eventually pulling back after the market open, but remaining in the green — after the fintech company posted its first-quarter earnings results, revealing a 22% gain in gross profit, compared to one year ago. The company announced that they plan on using 10% of those profits from bitcoin (BTC-USD) products, to buy more bitcoin as an investment. Morning Brief Anchor Brad Smith breaks down the latest development for Block as it leans heavier into investing in bitcoin For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Square stock popped after Block reported Q1 earnings and revenue that topped estimates while EBITDA guidance came in above expectations.
The April employment report shows signs the US labor market may be cooling. The US added 175,000 jobs last month, fewer than the 240,000 jobs economists had been expecting. The unemployment rate ticked higher to 3.9% from 3.8%. One of the biggest movers on Wall Street is Apple (AAPL). The tech giant posted better-than-expected sales in China and authorized a massive $110 billion share buyback plan. Other trending tickers on Yahoo Finance include Coinbase Global (COIN), Amgen (AMGN), and Block (SQ). Top guests today include:8:30 a.m. ET - Robert Sockin, Citi Senior Global Economist and Dan Gerard, State Street Global Markets, Senior Global Multi-Asset Strategist9:05 a.m. ET - Satyam Panday, S&P Global Ratings Chief US Economist9:10 a.m. ET - Martin Yang, Oppenheimer Senior Analyst of Emerging Technologies and Services9:40 a.m. ET - Acting Labor Secretary Julie Su10:20 a.m. ET - Evan Tindell, Bireme Capital co-founder and Chief Investment Office10:33 a.m. ET - Jason Robins, DraftKings CEO11:05 a.m. ET - Phil Orlando, Federated Hermes Chief Equity Strategist