Carvana Co.

Carvana stock craters as outlook darkens for used vehicle market

Shares of carvana were on pace for their worst day on record on Friday after the company missed Wall Street revenue and earnings expectations for the third quarter as the outlook for used cars plummets following record demand, prices and profits during the coronavirus pandemic. The stock cratered around 40% in midday trading. Shares of …

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Stock futures rise as Wall Street anticipates October jobs report

U.S. stock futures were higher on Friday morning after the major averages fell for a fourth dayand investors were eagerly awaiting the October jobs report for clues about the pace of future Federal Reserve rate hikes. Dow Jones Industrial Average futures gained 111 points, or 0.35%. S&P 500 futures rose 0.52%, while Nasdaq 100-linked futures …

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