These 2 Stock Movers Are Dividing the Market
Wall Street had a celebration on Wednesday, but it wasn't clear how much more momentum the latest move from the Federal Reserve would bring to the stock market. Even after massive gains of around 3% for major market benchmarks, Thursday morning's futures market moves showed a distinct lack of follow-through. As of 8 a.m., futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 165 points to 33,804. S&P 500 (SNPINDEX: ^GSPC) futures had dropped 29 points to 4,267, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had fallen 116 points to 13,415.
Part of the problem stock market investors face is that the news from various companies looks much different depending on the sector and the quality of financial results. That was evident from a pair of companies reporting their latest earnings, as Albemarle (NYSE: ALB) soared while DigitalOcean Holdings (NYSE: DOCN) posted substantial declines.
Shares of Albemarle were up more than 14% in premarket trading on Thursday. The company has benefited greatly from extremely strong conditions in the lithium market, and given the ongoing demand from the electric vehicle industry, it seems like the good times are likely to last for quite a while.
Source Fool.com
