This Week in Markets: GDP Revision Up, Jobless Claims Fall, Reddit Slides Further

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Stocks Analysis by (Davit Kirakosyan) covering: RH, Reddit Inc. Read (Davit Kirakosyan)'s latest article on

The final estimate for Q4 GDP growth in the U.S. is revised up to 3.4%, fueled by robust consumer spending and nonresidential fixed investment.

This continued trend of low unemployment benefit applications indicates a strong economic environment.) stock is falling for the second consecutive day as short-sellers reportedly set their sights on the company. Following its impressive debut last week, which saw a notable surge in its share price, the social media company attracted significant short-selling activity in its initial days on the market.

However, the company expressed optimism, anticipating demand trends to pick up throughout fiscal 2024. For the coming year, RH predicts a demand increase of 12% to 14% and revenue growth between 8% and 10%.

Source: News Formal (


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is Now Time to Buy Humana Stock?Stocks Analysis by (Davit Kirakosyan) covering: Humana Inc. Read (Davit Kirakosyan)'s latest article on
Source: Investingcom - 🏆 450. / 53 Read more »

These Overlooked Mid-Cap Gems Are Ripe for a ReboundStocks Analysis by (Davit Kirakosyan) covering: ACADIA Pharmaceuticals Inc, Cable One Inc. Read (Davit Kirakosyan)'s latest article on
Source: Investingcom - 🏆 450. / 53 Read more »

Reddit-based tokens MOON and BRICKs rally ahead of oversubscribed Reddit's IPOReddit-related tokens r/CryptoCurrency Moons (MOON) and r/FortNiteBR Bricks (BRICK) are rallying sharply on Wednesday, ahead of Reddit's (RDDT.N) Initial Public Offering (IPO), which has been reported as oversubscribed.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Reddit goes public in the most Reddit of waysOnce considered among the dark alleys of the internet, social media platform Reddit, now almost 20 years old set up a Thursday public stock offering to raise nearly $520 million on a company valuation of $6.4 billion.
Source: KSLcom - 🏆 549. / 51 Read more »

Reddit Becomes Most Purchased Stock on Investing App PublicInvesting app Public shared that Reddit was the most purchased stock on the platform Thursday, beating out tech giants Nvidia and Tesla. CEO Jannick Malling stated that despite only trading for less than half a day, Reddit was the most bought stock of the day. Traders on Public are already asking about the possibility of buying options on Reddit.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Reddit shares close 30% up following social media company's IPOReddit shares were up about 30% to $59.80 at the market's close on Monday.
Source: CNBC - 🏆 12. / 72 Read more »