Wall Street is hanging near its record on Friday after big companies turned in a mixed set of profit results.
NEW YORK —
Celsius Holdings, which sells “better-for-you” energy drinks, leaped 23.1% after saying it agreed to buy Alani Nu, a beverage company that focuses on female customers. Analysts called the purchase price, $1.65 billion net of tax effects, reasonable and said the deal should quickly add to its profits.
Rivian slid 5.2% after the electric truck maker issued weaker-than-expected guidance, despite posting a smaller loss and stronger fourth-quarter sales than Wall Street expected.
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