Market News

Ride-hailing giants Lyft and Uber reported fourth-quarter financial results this week. Even though 2020 was a brutal year for both the companies, the Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) shares have rallied more than 80% over the last six months.

Crude oil price trading steady above the previous week high on Monday. During the last week, Brent crude oil and WTI gained 6% and 9% respectively.

Payment and E-commerce giant’s Paypal (NASDAQ: PYPL) and ebay (NASDAQ: EBAY) reported better-than-expected fourth-quarter financial results on Wednesday 03rd February after the market close. Both the company stocks hit a new 52-week high on Thursday.

Alphabet shares jumped more than 7% to $2,066 in the extended trading session and climbed to above $2000 mark for the first time.

Global markets started this new week on a mixed note. US futures slightly rebounded from previous session lows while Euro slipped to fresh weekly lows.