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Rigetti Computing stock exploded in May on federal funding news and a strong earnings beat.
US stock futures mostly fell in the wait for the release of the May jobs report.
US stock futures mostly fell in the wait for the release of the May jobs report.
US stock futures mostly fell in the wait for the release of the May jobs report.
US stock futures mostly fell in the wait for the release of the May jobs report.
S&P Dow Jones Indices rejected calls to fast track SpaceX and other upcoming megacap IPOs such as Anthropic and OpenAI into the S&P 500 index.
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. The May jobs report is on tap before Friday's open. The stock market saw the Dow Jones jump to a record high, aided by lower oil prices and Treasury yields.
Ciena just served up a beat-and-raise quarter. So why is the stock falling?
June 4 (Reuters) - The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record
US stocks were expected to head in different directions on Thursday morning, as oil prices retreat but tech earnings overnight disappointed investors. Dow Jones futures were called 0.8% higher, but the S&P 500 was off 0.4% and Nasdaq futures were down 1.3%. The latter pair were...
Intel is teaming up with Apple supplier Foxconn to develop artificial-intelligence infrastructure—but that wasn’t enough to stop the chip manufacturer’s stock from sliding on Thursday. The selloff came after Intel and Foxconn, also known as Hon Hai Precision Industry said they would collaborate to speed up the AI buildout. “Together, we are accelerating the delivery of end-to-end platforms that unlock new capabilities and extend the impact of AI worldwide,” Intel CEO Lip-Bu Tan said.
High-flying tech stocks were struggling on Thursday after Broadcom's so-so revenue guidance failed to impress investors. Futures tracking the Nasdaq 100 were 1.1% lower as the tech-heavy index lagged behind both the S&P 500 and Dow Jones Industrial Average.
Newly implemented rule changes will allow SpaceX insiders to cash out at the expense of retail investors.
Investors will monitor initial jobless claims and the Challenger job-cuts report before turning their attention to Friday's nonfarm payrolls release.
The central bank's predictability, which Wall Street holds dear, may soon be a distant memory.
By Gregor Stuart Hunter SINGAPORE, June 4 (Reuters) - Asian stocks fell at the start of trading on Thursday as renewed fighting between the U.S. and Iran rattled stocks, even as conflicting signs of
<body><p>STORY: Wall Street's main indexes tumbled on Wednesday, with the Dow losing about 1.2%, the S&P 500 shedding about three-quarters of a percent and the Nasdaq falling roughly nine-tenths of a percent.</p><p>Flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.</p><p>Energy stocks, buoyed by oil prices, enjoyed the largest percentage gains, with Exxon Mobil and Chevron both closing higher. </p><p>Meanwhile, six of the Magnificent Seven group of megacap tech stocks ended lower, with Meta the only exception.</p><p>Liz Miller is founder and president of Summit Place Financial Advisors.</p><p>"I more and more just keep seeing this market as a ping pong. One day we've got the momentum leading tech stocks up and then that drives all the indices up. And the next day we've got sort of the second tier undervalued companies up and the index is down. [FLASH] Today's again, one of those days where we're seeing energy with the most strength. We're seeing some of the consumer come through, some of the industrial, but techs are marginally down. And that's what I mean when I think about this market as a ping pong market, because these are high quality companies, they're large cap, they would be top tier fundamentally, but they haven't really participated as much in the index strength."</p><p>Among individual movers, shares of GameStop jumped 6% after the original meme stock posted a rise in quarterly revenue and unveiled a $2 billion share buyback program.</p><p>Shares of Crowdstrike, down nearly 3% at the close, dropped about another 10% in extended trading after the cyber security company reported a 15% jump in its first-quarter operating expenses as it ramps up investments in AI and product development.</p><p>And shares of Broadcom fell more than 6% in extended trading despite the company forecasting third-quarter revenue above Wall Street expectations, betting on robust demand for its custom AI chips and networking gear.</p></body>
US stock futures slipped as doubts about President Trump's ability to end the war with Iran rattled Wall Street.
US stock futures slipped as doubts about President Trump's ability to end the war with Iran rattled Wall Street.
A report by The Real Deal says the state’s attorney general was contacting top NYC brokerage firms asking for information about Compass.
Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records. The S&P 500 fell 0.7% Wednesday from its all-time high and snapped a nine-day winning streak. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite sank 0.9%.
Yext's fiscal Q1 report arrived with better-than-expected earnings, but investors are focusing on other aspects of the business update.
June 3 (Reuters) - The S&P 500 and the Dow opened lower on Wednesday, as a flare-up in the Middle East conflict drove oil prices higher and cast doubt on a quick resolution to the war.
The president is seeking to impose duties on trading partners as his poll numbers dive in a key election year. It’s a risky bet.