ADVFN US – Market Content Editor
-
Dell Shares Drop 15% in Pre-Market; Gap Soars 24% on Surprising Quarterly Profits, and More in Earnings
Gap (NYSE:GPS) – Gap reported quarterly earnings of 41 cents per share, along with revenues of $3.39 billion in the first quarter. Analysts surveyed by LSEG had forecasted earnings of 14 cents per share and revenue of $3.29 billion. Shares rose 23.5% in pre-market trading. Dell Technologies (NYSE:DELL) – Dell reported adjusted earnings of $1.27…
-
Trump Media Shares Drop Following Donald Trump Conviction
Shares in Trump Media & Technology Group (NASDAQ:DJT) fell 6.5% on Thursday following the result of the New York trial in which the former president was found guilty of falsifying documents to cover up a hush money payment to a porn star. The company, which is majority owned by Trump and is the parent of…
-
U.S. Stocks Slump Ahead Of Inflation Data, Salesforce Weighs On Dow
After ending Wednesday’s session mostly lower, stock saw further downside during trading on Thursday. The major averages all finished the day firmly in negative territory, with the Dow once again falling to its lowest closing level in almost a month. The Nasdaq and the S&P 500 fell to new lows for the session late in…
-
Kohl’s, UiPath Shares Down, Foot Locker and Okta Should Rise
Shares of Kohl’s (NYSE:KSS) have plummeted in pre-market trading after the department store chain reported an unexpected fiscal first quarter loss on weaker than expected revenues. Software company UiPath (NYSE:PATH) is also seeing a pre-market nosedive after reporting fiscal first quarter results that exceeded estimates but providing disappointing guidance. The company also announced the resignation…
-
First-Time Unemployment Benefit Claims Modestly Higher; Economic Gworth Slowed
First-time claims for U.S. unemployment benefits crept modestly higher in the week ended May 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 219,000, an increase of 3,000 from the previous week’s revised level of 216,000. Economists had expected jobless claims to inch up…
-
Dow Likely To See Further Downside Amid Steep Drop By Salesforce
The major U.S. index futures are currently pointing to a lower open on Thursday, with the Dow futures showing a notable move to the downside. A steep drop by shares of Salesforce (NYSE:CRM) is likely to weigh on the Dow, as the cloud-based software company is plunging by 16.5 percent in pre-market trading. Salesforce is…
-
Rising Treasury Yields Contribute To Weakness On Wall Street
Following the mixed performance seen during Tuesday’s session, the major U.S. stock indexes all moved to the downside during trading on Wednesday. The Dow showed a notable decline, falling to its lowest closing level in almost a month. The major averages all finished the day firmly in negative territory. The Dow (DOWI:DJI) slumped 411.32 points…
-
BlackRock’s IBIT Surges as Top Bitcoin ETF, Bitfarms Rejects Riot Platforms Offer, and More Crypto News
Bitfarms rejects Riot Platforms’ $950 million acquisition offer On May 29th, Bitfarms (NASDAQ:BITF) rejected a $950 million acquisition proposal from Riot Platforms (NASDAQ:RIOT), arguing that the offered value was insufficient. Received on April 22nd, the offer consisted of $2.30 per share in cash and stock. The decision was made after analysis by the Special Committee…
-
Treasury Department Seven-Year Note Auction Results Due
The Treasury Department is scheduled to announce the results of this month’s auction of $44 billion worth of seven-year notes at 1 pm ET. At 1:45 pm ET, New York Federal Reserve President John Williams is due to participate in a roundtable with local leaders to hear about business conditions and municipal and community services.…
-
Rising Treasury Yields May Weigh On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to move mostly lower following the mixed performance seen in the previous session. A continued increase by treasury yields may weigh on Wall Street, as the yield on the benchmark ten-year note is seeing further upside…