U.S. stocks traded higher on Wednesday, Dec. 13 as investors anticipated the latest monetary policy from the Federal Reserve.
Shares of Finisar Corp. (FNSR) soared some 30% after Apple Inc. (AAPL) invested $390 million in the laser chipmaker. Finisar is Apple's second-largest supplier of the laser technology that Apple uses for facial-recognition capabilities in the iPhone X.
Target Corp. (TGT) stock jumped after purchasing tech startup Shipt for $550 million on Wednesday. The retailer expects to be able to offer same-day delivery at about half of its 1,800 stores by next summer. The full rollout will hit all of its stores by next year's holiday season.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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