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Markets Falling After Tech Selloff. Nvidia Earnings in Focus.
Barrons.com88d agobearish
Markets Falling After Tech Selloff. Nvidia Earnings in Focus.

Markets were on course to open in the red Tuesday as the chip-stocks rally that has powered gains for much of the year continued to lose steam. Stock futures tied to the tech-heavy Nasdaq were down 0.3%, having finished 1.5% lower the previous session led lower by a Big Tech selloff. Dow Industrial futures were falling 34 points, or 0.1%, while S&P 500 futures dropped 0.2%.

Regeneron Stock Tumbles on Melanoma Drug-Trial Miss
The Wall Street Journal89d agobearish
Regeneron Stock Tumbles on Melanoma Drug-Trial Miss

Shares of Regeneron Pharmaceuticals are down about 11%, dragging the Nasdaq composite, after the company’s experimental melanoma drug failed a pivotal clinical trial. The company said that its drug fianlimab, when combined with an approved cancer drug, didn't keep patients’ disease from worsening significantly longer than Merck’s Keytruda.

Stock Futures Drop as Inflation Fears Grip Markets
Barrons.com89d agobearish
Stock Futures Drop as Inflation Fears Grip Markets

Stocks looked set to fall again on Monday as investors continued to worry about higher inflation, with the U.S. and Iran seemingly making no progress in their ongoing peace talks. The three major indexes tumbled on Friday, dragged down by soaring U.S. Treasury yields. The lack of a peace deal to end the conflict in the Middle East has caused investors to fret about a flare-up in inflation, with shipping through the Strait of Hormuz still disrupted.

Dynatrace Earnings Beat Estimates. The Software Stock Is Falling Anyway.
Barrons.com94d agobearish
Dynatrace Earnings Beat Estimates. The Software Stock Is Falling Anyway.

FEATURE Dynatrace stock was falling following the software company’s latest earnings report as an earnings beat failed to reverse an extensive slide in the stock price. Dynatrace which operates a cloud observability platform, posted fiscal fourth-quarter earnings of 41 cents a share, ahead of the 39 cents analysts had anticipated.

Nasdaq Drops as Chip Fever Breaks
Barrons.com95d agobearish
Nasdaq Drops as Chip Fever Breaks

Chip stocks got beat up after the latest inflation report. The tech-heavy Nasdaq was down 0.7%, the S&P 500 was down 0.2% while the Dow gained 56 points, or 0.1%. Notably, almost all major chip stocks were down, barring Nvidia.

Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.
Barrons.com95d agobearish
Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.

Stocks looked set to tumble on Tuesday as the stand-off between the U.S. and Iran dragged on, putting the market on edge ahead of an inflation reading that will make clear just how much the war in the Middle East is impacting the economy. S&P 500 futures declined 0.4% and contracts tied to the tech-heavy Nasdaq 100 dropped 0.8%. The S&P and Nasdaq both eked out record highs on Monday as the rally in chip stocks rolled on.

Cloudflare Stock Tumbles. An Earnings Beat Wasn’t Enough.
Barrons.com100d agobearish
Cloudflare Stock Tumbles. An Earnings Beat Wasn’t Enough.

Cloudflare stock was falling sharply in late Thursday despite better-than-expected first-quarter results from the cybersecurity company. Cloudflare reported adjusted earnings of 25 cents a share on revenue of $639.8 million. Analysts surveyed by FactSet were expecting earnings of 23 cents a share on revenue of $621 million.