Stocks slide ahead of inflation data, Take-Two, Zinga Focus


US stocks opened lower when the Monday session began and later this week, before major inflation data.

The Nasdaq Composite fell more than 1.7%, while the S&P 500 lost 1.5% and the Dow Jones Industrial Average by 200 points or 0.6%.

Ticker Security The last one Change %
I: DJI The Dow Jones average 36007.5 -224.16 -0.62%
SP500 The S&P 500 4626.93 -50.10 -1.07%
I: COMP Nasdaq Composite Index 14678.757567 -257.14 -1.72%

Investors are closely watching the rising bond yields with the 10-year Treasury at 1.77%.

In deal news, Take-Two is buying popular Farmville game maker Zinga for $ 12.7 billion, a 64% premium to Friday’s closing prices.

“We are thrilled to announce our transformative business with Zinga, which will significantly diversify our business and establish our leadership position on mobile, the fastest growing segment of the interactive entertainment industry,” said Strauss Zelnick, President and CEO of Take-Two. Declaration.

Ticker Security The last one Change %
TTWO Take-Two Interactive Software INC. 143.58 -21.02 -12.77%
ZNGA GINGA INC. 8.78 +2.77 + 46.25%

In Pharma News, Pfizer’s CEO told LOVEBYLIFE that a specific vaccine for Omicron therapy will be ready by March.

Ticker Security The last one Change %
PFE PFIZER INC. 55.05 -0.66 -1.18%
BNTX BIONTECH SE 205.96 -5.88 -2.78%

Lululemon shares went down after a yoga retailer said it had affected virus holiday sales.

“We started the holiday in a strong position but have experienced many impacts of the Omicron transformation, including increased capacity constraints, more limited staff availability and fewer operating hours at some locations. I’m proud of how our teams continue to deliver. “CEO Calvin McDonald said.

As a result, sales are now in the low range of $ 2.125 billion to $ 2.165 billion.

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