These 2 Stocks Surprised Wall Street on Friday Morning
Friday brought some much-needed relief for stock market investors as major market benchmarks managed to rebound from their worst levels of the week. Market participants are still nervous about the many countervailing factors affecting the business world, but they nevertheless felt comfortable bidding stock prices modestly higher. As of 10:45 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 141 points to 35,035. The S&P 500 (SNPINDEX: ^GSPC) had gained 26 points to 4,432, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 147 points to 14,689.
Foot Locker (NYSE: FL) and HEXO (NYSE: HEXO) were among the most noteworthy of the big movers. Below, we'll look more closely at what they said and why their stocks moved so dramatically.
Shares of Foot Locker climbed nearly 7% Friday morning. The athletic footwear and apparel retail specialist reported strong second-quarter financial results that signaled a big comeback from the worst days of the COVID-19 pandemic.
Source Fool.com
