{"id":986,"date":"2023-02-16T09:03:24","date_gmt":"2023-02-16T14:03:24","guid":{"rendered":"https:\/\/embarrdowns.com\/stocks-rise-as-roblox-rblx-surges-devon-energy-dvn-falls-amid-economic-data\/"},"modified":"2023-02-16T09:03:24","modified_gmt":"2023-02-16T14:03:24","slug":"stocks-rise-as-roblox-rblx-surges-devon-energy-dvn-falls-amid-economic-data","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/stocks-rise-as-roblox-rblx-surges-devon-energy-dvn-falls-amid-economic-data\/","title":{"rendered":"Stocks Rise as Roblox (RBLX) Surges & Devon Energy (DVN) Falls Amid Economic Data"},"content":{"rendered":"

Stocks rose Thursday as investors digested a slew of economic data.[0]<\/a><\/sup> The Dow Jones Industrial Average had the best performance of the day, rising 0.4%, while the S&P 500 saw a slight increase of 0.[1]<\/a><\/sup> The Nasdaq composite decreased by 0.7%, whereas the Russell 2000, which tracks small-cap stocks, gained 0.2%.[1]<\/a><\/sup> In Q4, Roblox (RBLX) experienced a surge in stock when they released bookings figures that exceeded expectations. Meanwhile, Devon Energy (DVN) gapped down 10.5% in heavy volume after the company reported worse-than-expected Q4 adjusted EPS and sales numbers.<\/p>\n

The yield on the 10-year Treasury note ticked down to 3.78% Thursday morning while the dollar index moved lower nearly 0.3% to trade at $103.65.[0]<\/a><\/sup> Brent crude futures experienced a downward trend, decreasing by 0.3% to $85.08 per barrel.[2]<\/a><\/sup><\/p>\n

U.S. economic updates released Thursday included weekly initial jobless claims, the January producer price index, building permits and housing starts, and the February Philadelphia Fed manufacturing survey.[3]<\/a><\/sup> Last month’s retail sales saw a 3% rise, exceeding the 1.8% rise predicted by economists.[4]<\/a><\/sup> The retail sales control group, which is incorporated into U.S. GDP, increased by 1.7%, significantly higher than the anticipated 0.8% growth.[5]<\/a><\/sup><\/p>\n

Roblox (NYSE:RBLX) had a strong performance in its earnings report, with its shares increasing by 26% as the results for the fourth quarter exceeded expectations. This was due to an increase in bookings. Roblox (RBLX) saw a 26.4% increase in share price following the announcement of higher-than-anticipated sales figures for Q4.[6]<\/a><\/sup><\/p>\n

Devon Energy (NYSE:DVN) experienced an 11% drop in stock after the energy company’s fourth-quarter results did not meet expectations and their projected capital expenditure of $3.6B-$3.8B was higher than the expected $3.42B.<\/p>\n

Bloomberg data suggests that the Consumer Price Index likely increased by 0.5% in January, compared to its 0.1% growth the preceding month.[4]<\/a><\/sup> It is likely that the core inflation rate will increase by 0.4% month-over-month, which is in line with the December movement.[7]<\/a><\/sup> The data will be released Tuesday.[7]<\/a><\/sup><\/p>\n

ABNB (Airbnb) rose[6]<\/a><\/sup><\/p>\n

0. <\/span>“Dow, Nasdaq, S&P 500 overcome lingering Fed fears to end choppy session higher” Seeking Alpha, 15 Feb. 2023, https:\/\/seekingalpha.com\/news\/3936612-dow-nasdaq-sp-500-end-higher-despite-choppy-trading-as-fed-fears-linger<\/a><\/a><\/p>\n

1. <\/span>“Stock Market Closed Mixed; Nasdaq Broke Its Winning Streak” Investor’s Business Daily, 10 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/stock-market-on-track-for-a-down-week-medical-device-stock-shines<\/a><\/a><\/p>\n

2. <\/span>“Stock market news today: Stock futures waver, bitcoin rallies” Yahoo News, 16 Feb. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-february-16-2023-122740853.html<\/a><\/a><\/p>\n

3. <\/span>“U.S. stock futures show Wall Street holding recent gains” MarketWatch, 16 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-show-wall-street-holding-recent-gains-8d0a72e6<\/a><\/a><\/p>\n

4. <\/span>“S&P 500, Dow turn positive on retail sales, CPI data fallout; Nasdaq enjoys third-straight winning day” Proactive Investors USA, 15 Feb. 2023, https:\/\/www.proactiveinvestors.com\/companies\/news\/1006250\/s-p-500-dow-turn-positive-on-retail-sales-cpi-data-fallout-nasdaq-enjoys-third-straight-winning-day-1006250.html<\/a><\/a><\/p>\n

5. <\/span>“Stock market today: Dow ekes out win after cutting losses as tech reigns supreme By Investing.com” Investing.com, 15 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/stock-market-today-dow-ekes-out-win-after-cutting-losses-as-tech-reigns-supreme-3004599<\/a><\/a><\/p>\n

6. <\/span>“Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/the-stock-market-climbs-out-of-morning-hole-stock-soars\/<\/a><\/a><\/p>\n

7. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/dow-jumps-over-300-points-dollar-surges-in-midday-trading\/ar-AA17radT<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks rose Thursday as investors digested a slew of economic data.[0]<\/a><\/sup> The Dow Jones Industrial Average had the best performance of the day, rising 0.4%, while the S&P 500 saw a slight increase of 0.[1]<\/a><\/sup> The Nasdaq composite decreased by 0.7%, whereas the Russell 2000, which tracks small-cap stocks, gained 0.2%.[1]<\/a><\/sup> In Q4, Roblox (RBLX) experienced a surge in stock when they released bookings figures that exceeded expectations. Meanwhile, Devon Energy (DVN) gapped down 10.5% in heavy volume after the company reported worse-than-expected Q4 adjusted EPS and sales numbers.<\/p>\n

The yield on the 10-year Treasury note ticked down to 3.78% Thursday morning while the dollar index moved lower nearly 0.3% to trade at $103.65.[0]<\/a><\/sup> Brent crude futures experienced a downward trend, decreasing by 0.3% to $85.08 per barrel.[2]<\/a><\/sup><\/p>\n

U.S. economic updates released Thursday included weekly initial jobless claims, the January producer price index, building permits and housing starts, and the February Philadelphia Fed manufacturing survey.[3]<\/a><\/sup> Last month’s retail sales saw a 3% rise, exceeding the 1.8% rise predicted by economists.[4]<\/a><\/sup> The retail sales control group, which is incorporated into U.S. GDP, increased by 1.7%, significantly higher than the anticipated 0.8% growth.[5]<\/a><\/sup><\/p>\n

Roblox (NYSE:RBLX) had a strong performance in its earnings report, with its shares increasing by 26% as the results for the fourth quarter exceeded expectations. This was due to an increase in bookings. Roblox (RBLX) saw a 26.4% increase in share price following the announcement of higher-than-anticipated sales figures for Q4.[6]<\/a><\/sup><\/p>\n

Devon Energy (NYSE:DVN) experienced an 11% drop in stock after the energy company’s fourth-quarter results did not meet expectations and their projected capital expenditure of $3.6B-$3.8B was higher than the expected $3.42B.<\/p>\n

Bloomberg data suggests that the Consumer Price Index likely increased by 0.5% in January, compared to its 0.1% growth the preceding month.[4]<\/a><\/sup> It is likely that the core inflation rate will increase by 0.4% month-over-month, which is in line with the December movement.[7]<\/a><\/sup> The data will be released Tuesday.[7]<\/a><\/sup><\/p>\n

ABNB (Airbnb) rose[6]<\/a><\/sup><\/p>\n

0. <\/span>“Dow, Nasdaq, S&P 500 overcome lingering Fed fears to end choppy session higher” Seeking Alpha, 15 Feb. 2023, https:\/\/seekingalpha.com\/news\/3936612-dow-nasdaq-sp-500-end-higher-despite-choppy-trading-as-fed-fears-linger<\/a><\/a><\/p>\n

1. <\/span>“Stock Market Closed Mixed; Nasdaq Broke Its Winning Streak” Investor’s Business Daily, 10 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/stock-market-on-track-for-a-down-week-medical-device-stock-shines<\/a><\/a><\/p>\n

2. <\/span>“Stock market news today: Stock futures waver, bitcoin rallies” Yahoo News, 16 Feb. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-february-16-2023-122740853.html<\/a><\/a><\/p>\n

3. <\/span>“U.S. stock futures show Wall Street holding recent gains” MarketWatch, 16 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-show-wall-street-holding-recent-gains-8d0a72e6<\/a><\/a><\/p>\n

4. <\/span>“S&P 500, Dow turn positive on retail sales, CPI data fallout; Nasdaq enjoys third-straight winning day” Proactive Investors USA, 15 Feb. 2023, https:\/\/www.proactiveinvestors.com\/companies\/news\/1006250\/s-p-500-dow-turn-positive-on-retail-sales-cpi-data-fallout-nasdaq-enjoys-third-straight-winning-day-1006250.html<\/a><\/a><\/p>\n

5. <\/span>“Stock market today: Dow ekes out win after cutting losses as tech reigns supreme By Investing.com” Investing.com, 15 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/stock-market-today-dow-ekes-out-win-after-cutting-losses-as-tech-reigns-supreme-3004599<\/a><\/a><\/p>\n

6. <\/span>“Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/the-stock-market-climbs-out-of-morning-hole-stock-soars\/<\/a><\/a><\/p>\n

7. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/dow-jumps-over-300-points-dollar-surges-in-midday-trading\/ar-AA17radT<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/986"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=986"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/985"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}