June 26, 2022

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Stock Futures, Russia and Ukraine Latest, Gold: Live Updates

Stock Futures, Russia and Ukraine Latest, Gold: Live Updates

Roku shares plunged in the first market after losing revenue due to supply chain hurdles

Roku Inc. announced. On Thursday, quarterly revenue did not beat estimates, as the company was hit by supply chain issues that affected sales of its televisions and broadcast equipment.

Roku said it expects revenue for the current quarter of $720 million, compared with analyst estimates of $748.5 million, according to IBES data from Refinitiv.

The company said getting customers will remain a priority and will not incur higher costs for customers. Roku’s gross margins fell about 3% in the said quarter.

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Stock futures rose on hopes that diplomacy will ease tensions between Russia and Ukraine

US stock futures traded higher on Friday, paring losses from Thursday’s low due to mounting concerns about a possible Russian invasion of Ukraine.

Major futures indices are pointing to a 0.5% gain when the opening bell rings. Continue reading

Bitcoin price retreated from Thursday’s plunge

Bitcoin was trying to recoup the previous day’s losses, as it traded Friday morning above $40,000.

Bitcoin took a hit by more than 7% on Thursday as markets responded to concerns about Russia’s possible invasion of Ukraine. It is the largest percentage drop since Jan. 21, when it fell more than 11%. Continue reading

Gold rises to a nine-month high in Russia and Ukraine

Nervous investors, spooked by the Russia-Ukrainian conflict, ran into gold on Thursday, pushing the price to a level not seen since June 2021: $1,900.70 and the upward momentum may continue, helping the SPDR Gold ETF. Continue reading

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