© Reuters By Liz Moyer
Investing.com — Stocks were mixed on Friday, taking a breather a day after a big rally as inflation numbers came in better than expected. Here are the midday movers for Nov. 11:
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Coinbase Global Inc (NASDAQ:) stock rose 10% after rival crypto exchange FTX filed for bankruptcy protection amid a liquidity squeeze that started last weekend. The price of stabilized but was still down nearly 3% on Friday to around $16,820.
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Wynn Resorts Limited (NASDAQ:) stock jumped 8% after China relaxed some of its Covid-19 restrictions, including cutting two days off the quarantine rules for international travelers. That could potentially be a boost for its Macau gaming operations.
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Alibaba Group Holdings Ltd ADR (NYSE:) shares rose 1.7% as the Chinese e-commerce giant promoted its Singles’ Day sales event. Fellow e-commerce firm JD.com Inc’s (NASDAQ:) shares rose 6.4%.
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Ralph Lauren Corp (NYSE:) shares rose 7.5% after the luxury fashion brand reported better than expected . It forecast 2023 revenue to rise 8%, though foreign exchange will be a challenge to growth.
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LegalZoom.com Inc (NASDAQ:) shares rose 9.3% after a smaller-than-expected loss and raised its full-year outlook for revenue.
Story Credit: investing.com