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SEC Probes Listings of Slack, Other Unicorns on NYSE
Dec 20 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is probing the listings of some companies over several years focusing on the first day of trading, the Wall Street Journal reported on Friday, citing sources.
The companies being investigated include Slack Technologies Inc WORK.N and other unicorns trading on the New York Stock Exchange, the Journal reported.
Slack did not immediately respond to a Reuters request for comment.
https://www.reuters.com/article/us-sec-probe/sec-probes-nyse-listings-of-companies-including-slack-wsj-idUSKBN1YO2BX
Away’s CEO Stepped Down After Her Slack Messages Became Public. Don’t Blame Slack.
A recent controversy about leaked Slack messages at luggage startup Away has a popular tech site suggesting that companies may rethink their use of Slack.
Late last week, the Verge broke a story about Away CEO Steph Korey’s aggressive management style. The article featured a collection of internal Slack messages from Korey. The chief executive initially apologized for her behavior, but on Monday night she stepped down. In a follow-up article, the Verge suggested the controversy represented a moment of reckoning for Slack.
“And while Slack has long had its critics, the fact that a CEO has now resigned over her Slack messages feels like a new milestone in changing opinion about the company, the Verge wrote Tuesday.”
https://www.barrons.com/articles/slack-messages-away-ceo-controversy-51576001432
S&P 500 hits high following trade progress, upbeat data
U.S. stocks on track to gain 20% to 30% this year
The S&P 500 hit a record high for a seventh straight session on Friday, as continued optimism on resolving the U.S.-China trade war and strength in domestic consumer spending lifted sentiment. President Donald Trump claimed progress on issues from trade to North Korea and Hong Kong after speaking with Chinese President Xi Jinping, dispelling fears of another escalation in the trade dispute.
“This time of year tends to be a tailwind for the market,” said Walter Todd, chief investment officer at Greenwood Capital Associates in Greenwood, South Carolina, who helps manage about $950 million. “There’s nothing obvious between now and the end of the year that would change the direction we’re headed. So it’s kind of a melt-up.”
The Dow Jones Industrial Average .DJI rose 121.6 points, or 0.43%, to 28,498.56, the S&P 500 .SPX gained 16.33 points, or 0.51%, to 3,221.7 and the Nasdaq Composite .IXIC added 36.41 points, or 0.41%, to 8,923.63.
Consumer spending, a key to U.S. economic growth and a major focus for investors, rose 0.4% in November, adding to a string of upbeat data that have helped put behind recession fears, which dogged markets earlier this year.
Nike Inc (NKE.N) was down 1% after the world’s largest sportswear maker reported lower-than-expected growth in revenue from North America.
Cruise operators were the top percentage gainers on the S&P 500, led by Carnival Corp (CCL.N) which rose 7.1% after forecasting a 2020 profit largely above estimates.
U.S. Steel Corp (X.N) tumbled 11.1% after the company said it expects a bigger-than-expected fourth-quarter loss.
Volume on U.S. exchanges so far was 4.80 billion shares. “Quadruple witching,” in which investors unwind positions in futures and options contracts before their expiration, may be helping to boost volume, Todd said.
Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored advancers.
The S&P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 155 new highs and 31 new lows.
https://www.reuters.com/article/us-usa-stocks/sp-500-hits-high-following-trade-progress-upbeat-data-idUSKBN1YO1DG
Here’s when markets will be closed for Christmas and the New Year
https://www.marketwatch.com/story/heres-when-markets-will-be-closed-for-christmas-and-the-new-year-2019-12-19
>Yea that's fucking retarded
So by your measure no discussions or speculation is notable……
KYS
chek'd quads
yes it's at almost every gate. Turned it off on Sunday and got a golf clap for doing so.