|Day's Range||3,909.16 - 3,972.74|
|52 Week Range||3,491.58 - 4,637.30|
Yahoo Finance Live’s Jared Blikre breaks down how stocks are trading following the opening bell on Friday.
The short-term office-rental pioneer has seen its stock fall to about a dollar since it went public in a SPAC merger. Now, SoftBank has led a complex restructuring and refinancing. The upside: WeWork avoids bankruptcy. The downside: massive dilution.
Investors are relying on an old strategy to navigate the current tumult in asset prices: buying shares of the massive U.S. companies that led markets higher for years. Shares of the top five companies by market value -- Apple, Microsoft, Alphabet, Amazon and Nvidia -- have gained between 4.5% and 12% since March 8, when troubles at Silicon Valley Bank set off banking system worries. In that period, the S&P 500 has fallen 0.5%.