Pinduoduo Inc (NASDAQ: PDD) shares are trading higher Monday after the company reported second-quarter revenue results that beat average analyst estimates.
Pinduoduo (NASDAQ:PDD) reported its Q2 earnings results on Monday, August 29, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
The CNN Money Fear and Greed index moved to the "fear" zone after the Dow Jones dipped more than 1,000 points on Friday following Powell’s comments.
Fed Chair Jerome Powell, at the Jackson Hole symposium, said the Federal Reserve’s goal remains getting inflation back down to a goal of 2%.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 1,000 points in the previous session following speech from Federal Reserve Chairman Jerome Powell at the central bank’s Jackson Hole economic symposium. The US dollar index, meanwhile, jumped to its strongest level in 20 years on Monday.