Market News

Shares of online gaming platform Roblox Corporation (NYSE: RBLX) rebounded more than 50% from its recent low despite the release of disappointing Q1 results.

This week the Investors will continue to monitor guidance and comments coming from central banks of major economies about the rising inflation. A series of inflation data from the UK, Canada, and Japan are scheduled across the week.

The entertainment giant Walt Disney (NYSE: DIS) stock hits a fresh 52-week low of $106.48 on Monday. Disney is scheduled to report second-quarter financial results after the U.S. markets close on Wednesday, May 11.

Global equities and precious metals ended last week on a downbeat note driven by mixed earnings results, rising inflation and tightening measures by the Fed. This week inventors anxiously awaiting the latest US and China inflation numbers, which are set to be released on Wednesday.

Shares of the Seattle-based coffee chain Starbucks Corporation (NASDAQ: SBUX) surged 10% on Wednesday, May 04 after the company's fiscal second-quarter revenue topped estimates.