Instacart (CART) stock began trading on Tuesday, opening at $42 per share on the Nasdaq. The grocery delivery app had set a price of $30 a share for its IPO, valuing it at roughly $10 billion. The stock rose more than 40% just after it began trading before receding throughout the afternoon to close its first day of trading up 12%. Instacart's IPO follows Arm's (ARM) return to the public markets less than a week ago. After the chip designer's IPO was initially welcomed by investors with the...

Corporate results were driving big moves in a variety of stocks on Tuesday afternoon, while a positive development on Novo Nordisk's (NVO) Wegovy weight-loss drug sent big pharma stocks soaring. Below is a breakdown of some of the biggest movers on Yahoo Finance's trending tickers page. Eli Lilly Eli Lilly stock (LLY) was up nearly 20% Tuesday afternoon, hitting a record high after the company beat Wall Street's expectations for the second quarter and boosted its full-year guidance. The...

Inflation data and the start of second quarter earnings season await investors in the week ahead with markets expecting a solid crop of results in the coming weeks and another rate hike from the Federal Reserve later this month. Wednesday morning will feature the Consumer Price Index (CPI) for June, with June's Producer Price Index (PPI) out Thursday, and the initial July reading for the University of Michigan's consumer sentiment index on Friday. The week will close with some of America's...

Markets are currently pricing in a pause in the Federal Reserve's interest rate increases next month. A move that will come before the central bank is forecast to cut rates twice before the end of 2023, according to market pricing. But a new report from rates strategists at Bank of America Global Research out Thursday suggested this pricing means one of two things — either the Fed's rate hikes aren't over yet, or cuts will be deeper than markets expect. "Historically, the market tends to...

Apple (AAPL) said Monday that it is launching high-yield savings accounts for Apple Card holders in partnership with Goldman Sachs (GS), marking the tech company's latest foray into payments. The accounts offer an annual percentage yield of 4.15%, which Apple says is 10 times the national average, citing company data. The yield comes in slightly higher than a savings account with Marcus by Goldman Sachs and on the low-end of a top savings account list compiled by Bankrate. The launch means...