15 Mins Ago
Where the major averages stand
Here’s where the major averages stand for the week ahead of Friday’s trading:
- The S&P 500 is down 0.10%
- The Nasdaq Composite is up 1.19%
- The Dow Jones Industrial Average is down 1.14%
- The Russell 2000 is down 1.01%
— Lisa Kailai Han
44 Mins Ago
Globe Life stock bounces after large selloff on Thursday
Shares of Globe Life bounced back 11% in Thursday’s extended trading hours. The stock sold off hard during Thursday’s session, ending the day 53% lower, after a report from short-seller Fuzzy Panda Research alleged multiple occurrences of insurance fraud.
“We uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times,” the research firm wrote. It also noted that the organization’s structure is a multi-level-marketing strategy that borders on a pyramid scheme.
In the same report, Fuzzy Panda Research also disclosed that it had taken a short position in the life insurance stock.
— Lisa Kailai Han
An Hour Ago
Stock futures are unchanged
Stock futures traded near flat on Thursday night.
Futures tied to all three major indexes were trading unchanged shortly after 6 p.m. ET.
— Lisa Kailai Han
