Closing Bell Overtime: Stocks Give Up Midday Gains, Close Negative; Lumen CEO On What’s Driving Stock Surge 8/7/24
Stocks couldn’t hold their early gains and averages closed at session lows. Lumen stock has surged over 500% in a month; CEO Kate Johnson on AI demand and its recent deals. Masimo CEO on the stock’s best day in 10 years. Earnings from Warner Bros Discovery, Robinhood, Dutch Bros, Bumble, Zillow, AppLovin and more. Mizuho’s Dan Dolev breaks down Robinhood’s numbers.
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The skinny
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