5 things to know before the stock market opens Thursday
Publishing timestamp: 2023-02-16 07:11:41
Summary
Ford paused production of its electric F-150 Lightning pickup due to a battery issue, while Cisco reported strong earnings and a good outlook. Sen. Bernie Sanders hinted at subpoenaing Starbucks CEO Howard Schultz for a hearing on labor practices. Retail sales came in hotter than expected, but stocks still finished the day higher. Ford and Cisco's stocks got a bump in off-hours trade. Sam Bankman-Fried, the indicted FTX founder, was released on bond with help from two Stanford academics.
Sentiment: MIXED
Keywords: business news, economy, ford motor co, starbucks corp, markets, cisco systems inc, investment strategy, business,