(Bloomberg) -- The hawkish tone reiterated by Fed officials this week sent jitters into stocks and raised market volatility as investors confront dimming prospects over the strength of consumer demand for products ranging from used cars to personal technology going into the holiday season. With just two weeks before major US bank earnings kick off again, market watchers will get a sense of how the persistent unfavorable macroeconomic conditions play out in the earnings reports of home equipment
It has been more than a year since Tilray Brands (NASDAQ: TLRY) merged with cannabis producer Aphria. How would you have done if you had invested $1,000 into Tilray's stock a couple of years ago, before the company's big merger? On Sept. 30, 2020, shares of Tilray closed at a price of $4.85.
Marijuana stocks continued to rebound from last week's sell-off on Wednesday, with shares of Canopy Growth (NASDAQ: CGC) gaining 4.2%, Tilray Brands (NASDAQ: TLRY) up 4.8%, and Aurora Cannabis (NASDAQ: ACB) leading the whole pack higher with a 5.4% gain as of 1:40 p.m. ET. The Nasdaq -- to which index all three of these cannabis stocks belong -- is up 1.5% in midafternoon trading. This morning, Canopy announced that in an effort to progress from losses toward profitability, it will divest its Canadian Tweed and Tokyo Smoke retail operations and focus in the future on producing "premium" branded cannabis as a consumer packaged goods company.