Global markets remain shaky as investors turned cautious over U.S. House of Representatives Speaker Nancy Pelosi’s trip to Taiwan. This is the first visit by a US House Speaker to Taiwan since 1997.
Shares of the image-sharing company Pinterest (NYSE: PINS) bounced more than 20% in after-hours trading on Monday. The stock jumped after the user growth remained flat compared to the March quarter at 433 million global monthly active users.
Shares of the e-commerce pioneer Amazon (NASDAQ: AMZN) bounced more than 13% in Thursday's after-hours session after the company announced better-than-expected second-quarter revenue numbers but the company posted a quarterly net loss of $2 billion.
Shares of the iPhone maker Apple (NASDAQ: AAPL) stock closed by more than 3% on Wednesday ahead of the earnings announcement. Apple is scheduled to report third-quarter financial results today after US markets close.
US Federal Reserve is likely to announce a 75 basis point interest rate hike today. The investors will pay close attention to the update from Jerome Powell about the central bank’s view of the economic outlook as well as clues about the future path of rate hikes.