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The stock market is near highs but oil prices and yields are headwinds with Trump issuing new Iran threats. Nvidia and Walmart earnings loom.
The Dow Jones Industrial Average was down, while the Nasdaq Composite and the S&P 500 Index were up
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.
Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.
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.