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Stocks Rally on Fed-Friendly CPI Report
Barchart22d agobullish
Stocks Rally on Fed-Friendly CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.28%, and September E-mini Nasdaq futures...

Workday shares jump as AI demand eases investor concerns
Reuters75d agobullish
Workday shares jump as AI demand eases investor concerns

Workday shares jumped nearly 12% premarket on Friday after the enterprise software maker ‌beat first-quarter revenue and profit estimates, easing concerns ‌that AI rivals such as Anthropic could rapidly disrupt demand for ​traditional software vendors. Subscription revenue at the Pleasanton, California-based company jumped 14.3% to $2.35 billion, with net new business driving 40% of that growth, according to Chief Commercial Officer ‌Rob Enslin. Workday, however, retained ⁠its annual subscription revenue forecast.

Workday beats first-quarter estimates on steady software demand
Reuters75d agobullish
Workday beats first-quarter estimates on steady software demand

Workday exceeded Wall Street expectations for first-quarter revenue and profit on Thursday, ‌as demand for its AI-powered finance and human ‌resources software services gathered pace, sending its shares up 7% in ​extended trading. The company, which specializes in HR and payroll software, has been adding AI features across its platform, betting that tools to automate tasks, generate job ‌descriptions, or analyze spending ⁠patterns will drive customer adoption and deepen usage. "Our focus remains on executing our agentic ⁠AI roadmap, while driving operational efficiencies as we scale," Chief Financial Officer Zane Rowe said in a ​statement.