FEYE - Hot Stocks: Higher yields help Wall Street banks; KXIN jumps; GCI sets new high; FEYE tumbles
Better-than-expected job statistics received a mixed Wall Street reception on Friday. Even so, one sector got a boost from the news: Wall Street banks. An advance in Treasury yields sparked gains in stocks like Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and JPMorgan (NYSE:JPM). Meanwhile, Kaixin Auto (NASDAQ:KXIN) also posted gains on the session. News of a broader business plan turned the stock into one of Friday's standout gainers. Gannett (NYSE:GCI) also gained on the session. A strong earnings report propelled the stock to a new 52-week high. On the other side of the spectrum, Vimeo Holdings (NASDAQ:VMEO) plunged on a disappointing quarterly report. The retreat took the stock to a fresh 52-week low. Weak results also spurred a substantial decline in FireEye (NASDAQ:FEYE), marking one of the day's worst performances. Sector In Focus Early Friday, the government released its monthly employment report, showing the economy added a larger-than-expected 943K jobs
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Hot Stocks: Higher yields help Wall Street banks; KXIN jumps; GCI sets new high; FEYE tumbles