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The SPDR S&P 500 ETF Trust (NYSE: SPY) broke a four-week winning streak this week as the latest commentary from the Federal Reserve suggests investors can expect aggressive interest rate hikes to continue.
Interactive fitness company Peloton Interactive (NASDAQ: PTON) has been undergoing a transformation in 2022 that includes a new CEO, cost cuts and employee layoffs. A new plan might include seeing customers assemble products themselves.
Gainers
Embark Technology, Inc. (NASDAQ: EMBK) jumped 84.8% to close at $1.07 on Friday after the company reported better-than-expected Q2 EPS results.
On Friday, Peloton Interactives Inc. (NASDAQ: PTON) told its employees the company will be slashing roughly 780 jobs and will be closing a significant number of its retail stores.