Category: Top Story
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Dow Closes at Fresh Record as Healthcare Gains Offset an AI-Led Tech Retreat
U.S. stocks split down the middle on Wednesday as a rotation out of high-flying technology names met strength in healthcare and consumer stocks. The Dow Jones Industrial Average pushed to another all-time closing high, but the tech-heavy Nasdaq Composite slipped as chipmakers came under renewed pressure. The story of the day was earnings season: strong…
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Markets in Motion: economic outlook supports broader sector rotation
Bruce Campbell examines the copper-gold ratio, insider activity and improving momentum across financials, industrials and other market sectors.
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SpaceX slides as heavy AI investment overshadows strong quarterly results
SpaceX (NASDAQ:SPCX) shares dropped more than 12% in early trading on Wednesday after investors focused on the company’s soaring artificial intelligence spending, despite quarterly revenue exceeding expectations and management unveiling ambitious long-term growth plans. The decline followed the company’s first earnings report since its high-profile public listing in June, with investors expressing concern over the…
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Disney shares rise after earnings beat despite slight revenue shortfall
Walt Disney Co. (NYSE:DIS) advanced nearly 5% in pre-market trading on Wednesday after reporting third-quarter adjusted earnings that comfortably exceeded analysts’ expectations, even though quarterly revenue came in slightly below forecasts. Investors welcomed the stronger profitability and the company’s decision to increase its share repurchase programme. Profit outperforms Wall Street forecasts Disney reported adjusted earnings…
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Eli Lilly shares climb after stronger revenue outlook driven by obesity drugs
Eli Lilly (NYSE:LLY) rose more than 5% in pre-market trading on Wednesday after the pharmaceutical company increased its full-year revenue guidance, supported by continued strong demand for its blockbuster diabetes and weight-loss treatments. The revised outlook outweighed an earnings-per-share miss for the second quarter, as investors focused on accelerating sales growth and improved profitability expectations.…
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Uber shares slip as third-quarter earnings outlook disappoints investors
Uber Technologies (NYSE:UBER) traded lower in pre-market trading on Wednesday after issuing third-quarter earnings guidance that came in below Wall Street expectations, despite reporting solid second-quarter operating performance. The weaker outlook overshadowed stronger-than-expected gross bookings during the latest quarter and renewed investor focus on the company’s investment plans. Third-quarter EPS forecast misses consensus Uber expects…
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Kraft Heinz beats Q2 estimates and lifts 2026 outlook
Kraft Heinz (NASDAQ:KHC) traded slightly lower in pre-market trading on Wednesday despite reporting second-quarter results that exceeded market expectations and improving its full-year outlook. The food manufacturer posted earnings per share of $0.56, ahead of analysts’ forecast of $0.53. Revenue reached $6.26 billion, surpassing the consensus estimate of $6.11 billion. Organic sales remain under pressure…
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U.S. stocks set for stronger open as market rally gathers pace: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to another positive start on Wednesday, with investors looking to extend the strong rally that has lifted the Dow Jones Industrial Average and the S&P 500 to fresh record highs in recent sessions. Market sentiment continues to be supported by easing energy prices and optimism that negotiations to reopen the Strait…
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Telecom shares decline as SpaceX outlines plans for mobile network expansion
Shares of major U.S. wireless providers moved lower after SpaceX (NASDAQ:SPCX) revealed plans to develop a fully integrated mobile service, raising concerns that Starlink could eventually become a direct competitor to Verizon (NYSE:VZ), AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS). The announcement follows SpaceX’s acquisition of 65 megahertz of wireless spectrum from EchoStar in two transactions completed…
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SpaceX lock-up expiry set to become the next major test for shareholders
Attention is shifting to SpaceX (NASDAQ:SPCX) as the company’s first post-IPO lock-up period expires on Thursday, allowing as many as 912 million shares owned by employees, early investors and other pre-listing stakeholders to become eligible for sale. The event follows the company’s first earnings report as a public company and is expected to provide fresh…