U.S. indices were trading lower Friday after St. Louis Fed President Bullard suggested rate hikes could come in late 2022 and said the Fed has opened taper discussions this week.
UTime LTD. (NASDAQ: UTME) shares traded higher Friday as retail traders tried to catch the bounce following the stock's plummet Thursday. The stock saw a drop from $75 to $14 Thursday, and now traders are trying to catch the rebound.
General Electric Co. (NYSE: GE) shares were moving down Friday following the company’s announcement of a 1-for-8 reverse split with an effective date of Aug. 2, 2021 that was approved by shareholders last month.
General Electric was down 0.23% at $12.97 at last check.
Apple Inc. (NASDAQ: AAPL) shares were trading higher Thursday after the Federal Reserve held its rates constant but raised its inflation expectations for the years 2021-2023.
Seven Fed officials expect increases in rates in 2022, and 13 officials expect rate increases in 2023.
Kroger Co (NYSE: KR) shares are trading higher after the company reported better-than-expected first-quarter EPS and sales results and raised FY21 guidance. The company also announced a $1 billion buyback.