Dycom reports adjusted earnings per share of $4.42 from sales of $2 billion. Wall Street was looking for EPS of $2.72 from sales of $1.7 billion.
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By Junko Fujita TOKYO, May 27 (Reuters) - Japan's Nikkei share average rose to a record high on Wednesday, as gains in index heavyweight chip-related equities outweighed losses in financials and other
With earnings season done, the stock market moves into digestion and distraction territory as investors integrate the whole of corporate data with extracurricular corporate news, economic releases, the bond market’s not-so-subtle signals, and whatever distractions, surprises, and unknown unknowns emerge.
The Dow Jones Industrial Average punched through to a fresh record this week, its first since February, while the University of Michigan Consumer Sentiment Index sat at 49.8 in April, a reading the survey treats as recessionary. That gap, between Wall Street running and Main Street flinching at the checkout, was the through-line of Fox ... Move Over Stubborn Inflation, Trump’s Bull Market Hits Record Highs Again
May 22 (Reuters) - Wall Street's main indexes opened higher on Friday with the Dow hitting an intraday record high as investors watched for progress in talks to end the nearly three-month Middle East
May 21 (Reuters) - Wall Street's main indexes opened lower on Thursday as oil prices surged following a Reuters report that Iran's Supreme Leader Ayatollah Mojtaba Khamenei ordered the country's near
Wednesday's rally is a mirror image of Tuesday's sell-off. Here's what changed overnight.
The Nasdaq Composite and the S&P 500 fell from record highs as inflation concerns pushed Treasury yi
President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.
President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the key waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.
The stock market hit highs as Nvidia led and AI chip IPO Cerebras soared in its debut, while Broadcom and Taiwan Semiconductor flashed buy signals. The Trump-Xi summit continues.
Stocks opened higher after a pair of healthy economic reports, with the Dow getting a boost to 50,000 from Cisco’s strong earnings. The Dow was up 0.8%, to trade at 50,080.30. The picture for the U.S. economy is positive, with retail sales coming in healthy and jobless claims showing the labor market continues to hum.
Cisco stock jumped on strong earnings and job cuts, while chip maker Cerebras Systems made its market debut with a $5.55 billion IPO
US markets were set for another higher open on Thursday despite mounting inflation concerns and rising Treasury yields, as investors continued piling into artificial intelligence-linked technology stocks. Dow Jones futures indicated an initial gain of 377 points, or 0.8%, while S&P 500...
The S&P 500 and Nasdaq ran higher, led by Google, Nvidia, Tesla and other titans. Cisco earnings beat while AI chipmaker Cerebras will price its IPO.
Wall Street was split on Wednesday, with stocks charging higher while Treasuries sold off following another poor auction that saw the 30-year Treasury yield reach 5%. The Dow fell 0.1%. Stocks gained despite a high inflation reading: Wholesale energy prices climbed 7.8% in April from March.
Tech stocks looked set to rise on Wednesday as investors bought the dip ahead of President Donald Trump’s summit with China's premier Xi Jinping in Beijing. The three major indexes all slid on Tuesday after the April consumer price index report showed inflation picked up faster than expected last month. The market will be keeping a close eye on Trump’s trip to China, with the two leaders expected to discuss trade and the Iran war.
Focus is on the April wholesale inflation report in the wait for pdates on US-Iran talks and Trump's trip to China.
Zebra reported earnings per share of $4.75, up 18.2% year over year, from sales of $1.5 billion, up 14.3% year over year. Wall Street was looking for $4.25 and $1.5 billion, respectively.
Plug reports first-quarter earnings on Monday. Wall Street expects an operating loss of about $110 million from sales of $140 million.
Stock Market Today: Futures were down while oil prices rose on Iran tensions. Intel, Lumentum, Moderna, Circle Internet are winners..