The stock market closed after a turbulent week, with the S&P 500 barely retaining its gains, the Nasdaq Composite slipping, the DJIA managing a modest gain, and the Russell 2000 suffering the most.
The government finally reopened after 43 days, with back pay expected in the coming week, but the shutdown’s ripple effects will continue.
President Trump rolled back tariffs on various grocery items, and BBC faces scrutiny over an edited clip of President Trump’s speech.
Alphabet’s YouTube TV and Disney resolved their dispute, while a bidding war for Warner Bros Discovery involves Netflix, Comcast, and Paramount Skydance.
Merck agreed to acquire Cidara Therapeutics for $9.2 billion, and Topgolf is set to go private. Cisco reported strong earnings, with increased price targets from major Wall Street firms.
DoorDash’s stock rose following a strong Q3 performance, partnerships with Old Navy and Coco Robotics, and an upgrade from Wedbush.
StubHub’s stock plummeted 20% due to a lack of Q4 guidance, despite solid earnings, leading to price target cuts but maintained Buy or Outperform ratings.
Read more at Yahoo Finance: Weekly Stock Market wrap: Cisco, DoorDash, and StubHub
