Nasdaq Stock News

ASX futures are pointing to 0.6% gains, while Wall Street is heading towards a higher close with the Nasdaq outperforming, up 1.9%

SAN FRANCISCO, Nov. 29, 2021 (GLOBE NEWSWIRE) -- HashiCorp®, a leader in multi-cloud infrastructure automation software, today announced that it has launched the roadshow for the initial public offering of 15,300,000 shares of its Class A common stock. The initial public offering price is expected to be between $68.00 and $72.00 per share. The underwriters of the offering will also have a 30-day option to purchase from HashiCorp up to an additional 2,295,000 shares of its Class A common stock. The shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol HCP.

Forex news for North American trading on November 29, 2021: Markets: The market was holding its breath today on omicron and I don''t think you can exhale yet. There was some optimism but aside from the Nasdaq, the recovery was certainly incomplete. In other cases it was non-existent. By Adam Button

First of Long Island (NASDAQ:FLIC) was upgraded by Zacks Investment Research from a strong sell rating to a hold rating in a research note issued to investors on Monday, Zacks.com reports. According to Zacks, The First of Long Island Corporation is a one-bank holding company. NASDAQ FLIC traded up $0.03 during trading hours on []

Bitcoin & Big-Tech Erase Omicron Fears; Bonds, Black Gold, & The Buck Less Sure A new monster variant or "mild, moderate, meh" - well if you listen to Fauci it is too early to tell (so panic!), if you listen to actual scientists in South Africa its a nothingburger... The markets were just as uncertain with big-tech stocks and cryptos seemingly reassured while bonds, the dollar, oil, and ''recovery'' stocks anything but confident that Biden will keep his promise of "no new lockdowns"... In equity land, Nasdaq saw the biggest gains on the day from the 1300ET early close on Friday. The Dow ended below its cash open level on the day, managing only modest gains as Small Caps went red twice during the day session... Nasdaq was the only major index to erase all of the Omicron losses (but unable to extend beyond that)... Rather interestingly, ''recovery'' stocks did not ''recover'' relative to the carnage from last week... Source: Bloomberg TWTR shares had a wild ride today after spiking in news that Dorsey was leaving and then fading as the new CEO''s history of activism confirmed nothing would change...

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The Dow Jones rose as stocks recovered some of Friday''s losses. The Nasdaq led the upside while travel and airline stocks also rallied.

Gains in heavyweight technology stocks drove Wall Street indexes higher on Monday as investors rushed to take advantage of steep virus-driven losses, with Twitter up on reports that chief Jack Dorsey is expected to step down. The S&P technology and the communication services subindexes jumped more than 1% each, indicating that investors were likely favoring pandemic-resistant technology stocks amid growing fears of the newly discovered Omicron variant. The S&P 500 energy index jumped 3% in early trade and was the best performer among its peers, as oil prices rebounded from Friday''s sell-off. A recovery in Treasury yields also pushed the banks index 0.8% higher. Twitter Inc surged as much as 11% after reports said Dorsey intended to step down. Dorsey had faced some pressure in 2020 to step down over allegations that he was paying too little attention to Twitter while also running payments processing company Square Inc. Wall Street Week Ahead: Covid-19 fears reappear as a threat to market Wall Street indexes had slumped between 2.0% and 3.5% on Friday after news of the coronavirus variant triggered a global sell-off, as countries introduced new travel curbs on fears the Omicron variant could resist vaccinations and upend a nascent economic reopening.

SaaS Licensing Renewal Supports Client Diversification Across a Range of Global Markets and Customer Categories, Nasdaq Listed E-Sports and Gaming Client Now Top Producer of 12 Active Accounts New

WOBURN, MA., Nov. 29, 2021 (GLOBE NEWSWIRE) -- Biofrontera, Inc. (Nasdaq: BFRI; BFRIW), today announced today that it has entered into a securities purchase agreement with a single institutional investor for the purchase of 2,857,143 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 2,857,143 shares of common stock, in a private placement. The combined purchase price for one share of common stock (or common stock equivalent) and a warrant to purchase one share of common stock is $5.25, priced at-the-market under Nasdaq rules. The warrants have an exercise price of $5.25 per share, will be immediately exercisable, and will expire five years from the issuance date.

Shares of Hertz Global Holdings Inc. surged 6.8% in premarket trading Monday, after the car rental company announced a new stock repurchase program of up to $2.0 billion. The company said the new program, which is effective immediately and has not time limit, includes the $200 million remaining in the previous program. The program represents nearly 18% of the company''s market capitalization of $11.30 billion as of Friday''s close. "The repurchase program allows for ongoing and profitable investment in the business while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases," the company said in a statement. Hertz''s stock moved its listing to the Nasdaq as of Nov. 9, after trading over the counter since the company emerged from bankruptcy. Hertz''s stock has dropped 23.1% over the past month while shares of rival Avis Budget Group Inc. have soared 66.7% and the S&P 500 has inched 0.2% lower. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

BTFDers Unleashed: Futures, Yields, Oil Jump As Omicron Panic Eases As expected over the weekend, and as we first noted shortly after electronic markets reopened for trading on Sunday, S&P futures have maintained their overnight gains and have rebounded 0.7% while Nasdaq contracts jumped as much as 1.3% after risk sentiment stabilized following Fridays carnage and as investors settled in for a few weeks of uncertainty on whether the Omicron variant would derail economic recoveries and the tightening plans of some central banks. Japan led declines in the Asian equity session (which was catching down to Friday''s US losses) after the government shut borders to visitors. The regions reopening stocks such as restaurants, department stores, train operators and travel shares also suffered some losses. Oil prices bounced $3 a barrel to recoup some of Friday''s rout, while the safe haven yen, Swiss franc and 10Y Treasury took a breather after its run higher. Moderna shares jumped as much as 12% in pre-market trading after Chief Medical Officer Paul Burton said he suspects the new omicron coronavirus variant may elude current vaccines, and if so, a reformulated shot could be available early in the new year.

Aspire Global has reported major success for Bettarget.com during the operators first three-months leveraging the formers BtoBet platform to enhance its sportsbook offering. The Nasdaq Stockholm-listed B2B betting and gaming provider has been supplying Bettarget with services via its BtoBet unit with a specific focus on sports betting operations in the UK and Irish markets.

Stock markets are trying to rebound after a steep drop last Friday.