ADVFN US – Market Content Editor
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Datadog’s Earnings Beat Expectation But Weak Guidance Sends Shares Down 14%
Cloud monitoring and security platform provider Datadog (NASDAQ:DDOG) reported its earnings for the fourth quarter beat analyst expectations, but the company issued guidance that feel short of estimates. As a result, shares fell 14% in premarket trading. The company posted adjusted earnings per share of $0.49, beating the analyst consensus of $0.43. Revenue for the…
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U.S. Stocks Regain Ground After Early Sell-Off, Nasdaq Closes Slightly Higher
After moving sharply lower early in the session, stocks showed a notable recovery attempt over the course of the trading day on Wednesday. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq inched up 6.09 points or less than a tenth of a…
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U.S. Consumer Prices Up More Than Expected In January
Consumer prices in the U.S. increased by more than expected in the month of January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index advanced by 0.5 percent in January after climbing by 0.4 percent in December. Economists had expected consumer prices to rise by…
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Hotter Than Expected Inflation Data May Trigger Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to come under pressure after ending yesterday’s choppy trading session narrowly mixed. The futures plunged following the release of a closely watched Labor Department report showing consumer prices in the U.S. increased by more than expected in…
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U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
Following the rebound seen during Monday’s session, stocks fluctuated over the course of the trading day on Tuesday. The major averages swung back and forth across the unchanged line as the day progressed before eventually closing narrowly mixed. While the Nasdaq fell 70.41 points or 0.4 percent to 19,643.86, the S&P 500 (SPI:SP500) crept up…
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Ford CEO Complains About ‘Cost and Chaos’ of Trump Tariffs
The CEO of automaker Ford Motor (NYSE:F), Jim Farley, has said that U.S. President Trumps tariffs have added “a lot of cost and a lot of chaos,” although he said that he believes the president’s aim is to strengthen the American auto industry overall. The company is looking at areas where it can build up…
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Coca-Cola Shares Fizz Up As Fourth-quarter Income Beats Estimates
Coca-Cola’s (NYSE:KP) fourth-quarter income exceeded estimates, thanks to an unexpected rise in volumes. Shares in the drinks group rose over 3% in early trading on Tuesday. The company has been rolling out slimmer 12-ounce cans in the U.S. to try and boost sales, in reaction to cost-conscious shoppers being much more caution recently around their…
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U.S. Stocks May See Early Weakness, Powell Testimony In Focus
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after turning in a strong performance in the previous session. Lingering concerns about a global trade war may weigh on Wall Street after President Donald Trump officially announced tariffs on U.S. steel…
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McDonald’s Shares Jump As Fourth-quarter Comparable Sales Exceed Estimates
Fast food giant McDonald (NYSE:MCD) saw its shares rise 4.9% on Monday after its results showed comparable sales topped average analysts estimates for the fourth quarter. The company’s international licensed markets business was boosted by strength in the Middle East and Japan. In the quarter ending December 31, global sales increased by 0.4%. This was…
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ChatGPT CEO Rejects Elon Musk-led $97bn Bid
A consortium of investors led by Elon Musk offered $97 billion to take over OpenAI, the maker of ChatGPT, but the offer was rebuffed but CEO Sam Altman. Musk’s attorney, Marc Toberoff, confirm he had submitted a bid to its board for “all assets” of the tech company on Monday. In response, Altman posted on…