Facebook (NASDAQ:FB) stock soared to a record high during trading on Wednesday. The stock joined Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX).
Take-Two Interactive (NASDAQ:TTWO) stock lost about 5% in after-hours trading on Wednesday following its results for the fourth quarter of fiscal 2020.
Alibaba (NYSE:BABA) will likely report its results for the fourth quarter of 2020, which ended in March, before the US stock market opens on Friday.
Spotify just signed a deal with comedian Joe Rogan to bring his popular "Joe Rogan Experience" podcast series to its platform.
So far, launching Facebook Shops looks good for Facebook stock. The feature promises to drive more revenue and boost advertising sales.
Lately, investors have flocked back to Apple (NASDAQ:AAPL) stock, which resulted in a remarkable comeback from the pandemic sell-off.
Microsoft (NASDAQ:MSFT) and FedEx (NYSE:FDX) have entered a strategic partnership built around creating solutions to improve supply chain tracking.
Disney has started reopening its resorts and parks. Disney shares have gained more than 8.0% since the Shanghai park reopened on May 11.
Amazon (NASDAQ:AMZN) stock has emerged as investors’ favorite amid COVID-19. The company has approached JCPenney about a potential deal.