Shares rise after the fintech company’s results signal to investors that it is chugging along just fine despite mass layoffs.
Notícias
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Oil prices continued their slide on investor optimism about diplomacy between the U.S. and Iran. U.S. officials said the Trump administration is looking to resume guiding commercial ships through the Strait of Hormuz with naval and air support.
Stocks were on course to rise to close out the week, with Wall Street seemingly more focused on the looming April jobs report than an exchange of fire between the U.S. and Iran. S&P 500 futures added 0.3% and contracts tied to the tech-heavy Nasdaq 100 gained 0.5%. Friday’s nonfarm payrolls report could have a bigger bearing on the market than events in the Middle East.
RBC Capital Markets raised its year-end target for the S&P 500 to 7,900 from 7,750 on Friday, citing resilient earnings growth and continued strength in artificial intelligence‑linked sectors. The Canadian brokerage's new target implies a 7.7% upside from the benchmark index's Thursday close of 7,335.66. U.S. equities have rallied to hit record highs in recent weeks as enthusiasm around AI-related investment and expectations of solid profit growth continue to support investor appetite.
By Harry Robertson and Amanda Cooper LONDON, May 8 (Reuters) - Inflation-linked bonds — despite the promise in their name — have stumbled along with the rest of the bond market as the Iran war drives
Whirlpool reported a first-quarter per share loss of 56 cents from sales of $3.3 billion. Wall Street was looking for earnings per share of 38 cents from sales of $3.4 billion.
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.
Thursday, MP reported first-quarter earnings per share of 3 cents from sales of $90.6 million. Wall Street was looking for a loss of 3 cents from sales of closer to $75 million.
Iran deal doubts hit stocks Thursday, but Nvidia, Tesla were strong. CoreWeave, Rocket Lab, Cloudflare were earnings movers late. The jobs report is on deck.
First-quarter results are shaping up to be the best since 2021.
Brad Marshall: Thank you, and good morning. Looking at the leveraged loan index, spreads widened roughly 50 basis points and returns were down 55 basis points during the quarter. Despite private credit generally outperforming the broadly syndicated loan and public equity markets, capital flows into several non-traded BDCs declined, and public BDCs traded down meaningfully.
AI ransomware and data centers are both driving up demand for Fortinet’s products, analyst Gray Powell said.
May 7 (Reuters) - The S&P 500 and the Nasdaq touched record highs on Thursday as oil prices plunged further on hopes of a U.S.-Iran peace agreement that could potentially normalize crude supplies
By Lawrence Delevingne and Sophie Kiderlin May 7 (Reuters) - Global stocks mostly held their gains on Thursday while oil prices sank again on optimism over a U.S.-Iran peace deal, even as the fate of
Sarepta Therapeutics is seeing lower demand for its flagship gene therapy, Elevidys, following a regulatory crackdown.
Albemarle reports earnings per share of $2.95 from sales of $1.4 billion. Wall Street was looking for earnings per share of $1.19 from sales of $1.3 billion.
Higher lithium prices and rising demand for stationary energy storage systems to support the electric grid amid increased demand from AI data centers powered the best quarterly earnings per share since the second quarter of 2023. On Thursday, the price lithium carbonate rose 1.6% to nearly $28,000 per ton, according to Trading Economics, providing more fuel for lithium stocks. "As the global operating environment remains uncertain, we are focused on the things within our control, including operational excellence, cost and productivity discipline and cash generation to enable long-term volume and earnings growth," CEO Kent Masters said in the earnings statement.
US equity futures were marginally higher pre-bell Thursday as hopes for a finalized peace deal betwe
Whirlpool reported a first-quarter per share loss of 56 cents from sales of $3.3 billion. Wall Street was looking for earnings per share of 38 cents from sales of $3.4 billion.
Tech stocks came roaring back in April, bolstered by strong earnings and a fresh wave of enthusiasm for AI-linked shares. But there's something else under the surface that has also helped the rally along, according to JPMorgan Chase: Share buybacks.
The S&P 500 is not just beating earnings expectations. It's blowing them up.