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S&P 500 and Nasdaq-100 Surge: AMD Earnings Steal the Show at MiddayChip stocks are having a moment, and AMD is leading the charge. Oil prices are tanking, too. Here's what you need to know.
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Chip stocks are having a moment, and AMD is leading the charge. Oil prices are tanking, too. Here's what you need to know.
By Lawrence Delevingne and Harry Robertson May 6 (Reuters) - Stocks advanced and oil prices dropped on Wednesday after a report that the United States and Iran are closing in on an agreement to end
Fresh off a record close on Tuesday, the Nasdaq was soaring to fresh highs on Wednesday after Advanced Micro Devices’ earnings report kept the chip rally rolling. The Dow was up 461 points, or 0.9%. The S&P and Nasdaq only need to close above yesterday’s level to establish new record closing highs.
Low P/CF value picks AVT, WKC, AMN and PCG stand out as earnings lift markets while Middle East risks linger.
U. S. stock futures moved higher on Wednesday after President Donald Trump paused a military initiative aimed at reopening the Strait of Hormuz and signalled progress toward a possible peace agreement with Iran.
With the Iran cease-fire still seemingly intact, oil prices retreated today, giving the market some room to run. The tech-heavy Nasdaq Composite rose 1%, while the The S&P 500 gained 0.8%. While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices on Tuesday.
Futures rose. President Trump "paused" his Hormuz opening effort. AI plays AMD, Astera Labs, Lumentum, Arista were earnings movers late.
Markets are eyeing signs of easing in Mideast tensions and impressive AI-fueled tech earnings.
Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.
By Lawrence Delevingne and Amanda Cooper May 5 (Reuters) - Global stocks rose on Tuesday, taking some heart from a series of robust earnings, while simmering hostilities between the U.S. and Iran over
Stocks were back near their highest levels on record after Wall Street turned its attention away from Iran and back to earnings season. The Dow rose 305 points, or 0.6%. The S&P 500 was up 0.7%. The Nasdaq was up 0.
The motorcycle maker reported earnings per share of 22 cents from sales of $1.2 billion. Wall Street was looking for earnings per share of 22 cents from sales of $1 billion.
Tuesday, Cummins reported first-quarter earnings per share of $4.71 from sales of $8.4 billion. Wall Street was looking for earnings per share of $5.63 from sales of $8.4 billion.
Ferrari beat analysts’ earnings targets and stuck with its full-year guidance on Tuesday, even though the war in the Middle East disrupted deliveries over the first quarter. Ferrari shipped 3,436 cars over the first quarter, down 157 from the same period a year ago. Shipments for Europe, the Middle East, and Africa fell by 243 from a year ago to 1,458.
8.30am: Oil prices ease, as Hegseth plays down Strait fighting Crude oil futures have eased further, as US defence officials struck a cautious tone on the Strait of Hormuz, saying Iranian actions remain below the threshold for a wider conflict, despite continued harassment of shipping. In...
Eaton reported first-quarter earnings per share of $2.81 from sales of $7.5 billion, up 17% year over year. Wall Street was looking for earnings per share of $2.73 from sales of $7.1 billion.
The company reported first-quarter earnings per share of 55 cents from sales of $1.7 billion. Wall Street was looking for earnings per share of 48 cents from sales of $1.7 billion.
Stocks were set to edge higher on Tuesday as investors looked past rising tensions in the Middle East and took the opportunity to buy the dip in equities following another batch of solid earnings reports. S&P 500 futures added 0.3% and contracts tied to the tech-heavy Nasdaq 100 gained 0.5%. The three major indexes all dropped on Monday after the United Arab Emirates said Iran was attacking it with missiles, sparking fears that the Middle East conflict could escalate after weeks of relative calm.
Oil prices fell as wary markets monitored a fragile US-Iran ceasefire in the wait for the latest rush of earnings.
Major gauges traded close to flat as investors adjusted to news that ships in the Strait of Hormuz had been struck with missiles.
Monday, BWX Technologies reported first-quarter earnings per share of $1.12 from sales of $860.2. million.
Shares of Firefly Aerospace rocketed higher after the space technology company reported better-than-expected first-quarter earnings. Firefly is still a smaller, growing company. Wall Street was looking for sales of $77.1 million, according to FactSet.
