News
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President Donald Trump discussed efforts to de-escalate US-Iran tensions with Qatari Emir Tamim bin Hamad Al Thani.
Korean memory-chip manufacturer SK Hynix late last month booked roughly $65 billion in profit for the quarter ended June 30, a 13-fold increase from last year. Hynix earned almost as much money in 90 days as it had in the prior 29 years since its IPO, total. The reports, though outstanding on basically every measure, still fell short of Wall Street’s sky-high expectations for chip companies.
U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz “today or tomorrow.”
Shares of one automation technology provider slipped after earnings, while another jumped. The new $13.15 midpoint implies fourth quarter earnings per share of about $3.60. Shares of automation technology provider Zebra Technologies were up 20% at $350 after it reported better-than-expected fiscal second-quarter numbers.
Caterpillar shares jumped in early trading after the heavy-equipment provider raised its outlook for the year—giving the Dow industrials a big lift. As of right now, the stock has single-handedly added 313.
Catapillar stock jumped on Tuesday as quarterly revenue topped $20 billion for the first time.
Caterpillar bulldozed Q2 earnings forecasts as the heavy equipment giant reported a $72 billion backlog, up 92% from a year ago. Long a global economic bellwether, Caterpillar has become a bellwether for the AI infrastructure boom amid soaring demand for its gas turbines to power data centers. The construction segment was Caterpillar's biggest growth driver in Q2, but growth was strong across the board.
Investing.com - U.S. stock index futures rose on Tuesday as investors weighed mixed signals surrounding renewed Middle East peace talks while awaiting quarterly results from Elon Musk’s SpaceX, with semiconductor shares finding support from another round of upbeat AI-related earnings.
By Stefano Rebaudo Aug 4 (Reuters) - European stocks climbed alongside U.S. futures on Tuesday, although a rebound in oil prices underscored market scepticism that the U.S.-Iran war would be resolved
Tesla and SpaceX have a lot of overlap. Both companies are all about AI and, of course, both are run by Elon Musk.
Aug 4 (Reuters) - Nasdaq futures rose on Tuesday after strong forecasts from Palantir and ON Semiconductor reassured investors about AI-driven demand, while Middle East developments and U.S. earnings
U. S. stock futures traded higher on Tuesday following a positive start to the week on Wall Street, as investors weighed ongoing uncertainty surrounding the Middle East against another wave of corporate earnings.
Kevin Warsh delivers "shock" while leaving Wall Street in awe.
Dow Jones Futures: Trump's Iran comments sparked a big stock market rally Monday. Palantir soared on earnings, while SpaceX earnings are due.
For Cat’s second quarter, Wall Street projects earnings per share of $6.22, up from $4.72 a year ago.
U.S. stocks jumped and oil prices fell sharply as President Trump signaled a return to diplomacy with Iran.
The Dow Jones Industrial Average added 1.3% to set a record of its own, and the Nasdaq composite climbed 2.1%. Brent crude’s price fell 4.7% after President Donald Trump said he would hold off on ordering new strikes against Iran. The Nasdaq composite rose 540.04 points, or 2.1%, to 25,913.90.