ADVFN US – Market Content Editor
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Nasdaq, S&P 500 Target New Gains Ahead of Key Inflation Data: US Stock Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Wednesday, with stocks likely to see further upside following the strength seen in the previous session. Technology stocks may help lead the way higher once again, as reflected by the 0.8 percent advance by the tech-heavy Nasdaq 100 futures. Shares…
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Market Watch: $70B Bond Auction and Fed Policy Speeches on Tap Today
The Treasury Department is scheduled to announce the results of this month’s auction of $70 billion worth of five-year notes at 1 pm ET. At 3:55 pm ET, Federal Reserve Governor Lisa Cook is due to speak on “AI, the Economy, and the Financial System” before the Stanford Institute for Economic Policy Research Policy Forum.…
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Hafnia Tops Earnings Forecasts as Investors Assess Volatile Market Conditions (HAFN)
Hafnia Limited (NYSE:HAFN) reported first-quarter results on Wednesday that came in ahead of analyst expectations, although the company’s shares slipped slightly in premarket trading as investors remained cautious about the outlook for global shipping markets amid ongoing geopolitical instability. Shares of the product tanker operator fell 0.54% in premarket trading following the earnings release. The…
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Former BP Chairman Manifold Rejects Misconduct Allegations After Sudden Exit (BP)
Former BP (NASDAQ:BP) chairman Albert Manifold has pushed back against allegations surrounding his conduct following his unexpected removal from the British energy group. In a statement sent by email to CNBC, Manifold said he had been dismissed from his role “without warning and without explanation” and denied the accusations of misconduct made against him. “During…
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Apogee Therapeutics Shares Surge Following $1.3 Billion Blackstone Financing Partnership (APOG)
Shares of Apogee Therapeutics (NASDAQ:APOG) climbed roughly 16% in premarket trading on Wednesday after the biotechnology company announced a $1.3 billion financing agreement with Blackstone Life Sciences to support the development and commercial launch of zumilokibart, its treatment candidate for atopic dermatitis. The financing arrangement includes up to $800 million in synthetic royalty funding alongside…
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PDD Holdings Shares Drop After Earnings Miss Despite Double-Digit Revenue Growth (PDD)
PDD Holdings Inc. (NASDAQ:PDD) reported first-quarter results that came in below Wall Street expectations, sending the company’s shares down more than 5% in premarket trading despite continued revenue growth. The e-commerce group posted adjusted earnings per ADS of RMB9.51 ($1.38), well below analyst consensus estimates of RMB16.77. Shares of PDD Holdings declined 5.13% in premarket…
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Manchester United Shares Climb After Earnings Beat and Upgraded Outlook (MANU)
Manchester United plc (NYSE:MANU) reported third-quarter fiscal 2026 results on Wednesday that surpassed analyst expectations, helping send the club’s shares sharply higher in premarket trading. The football club posted adjusted earnings per share of £0.03, outperforming analyst forecasts of a break-even result. Manchester United shares rose 7.61% in premarket activity following the earnings announcement. Quarterly…
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Bath & Body Works Jumps After Earnings Beat Despite Ongoing Sales Weakness (BBWI)
Bath & Body Works, Inc. (NYSE:BBWI) reported first-quarter results that came in ahead of Wall Street expectations, helping drive the retailer’s shares sharply higher in premarket trading even as overall sales continued to decline. The home fragrance and personal care group posted adjusted earnings per share of $0.32, exceeding analyst forecasts of $0.29 by $0.03.…
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Capri Holdings Shares Gain After Earnings Beat and Signs of Turnaround Progress (CPRI)
Capri Holdings Limited (NYSE:CPRI) reported fourth-quarter results on Wednesday that came in ahead of analyst expectations, helping lift the company’s shares by 2.7% as investors responded positively to early signs that the luxury group’s turnaround strategy is gaining momentum. The fashion company posted adjusted earnings per share of $0.22 for the quarter, surpassing analyst forecasts…
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Movado Group Tops Forecasts as Sales and Margins Improve Strongly (MOV)
Movado Group, Inc. (NYSE:MOV) reported fiscal first-quarter 2027 results on Wednesday that came in ahead of analyst expectations, driven by stronger sales growth and a significant improvement in profit margins. The watch and accessories company posted adjusted earnings per share of $0.32, comfortably above the consensus forecast of $0.08. Revenue reached $142.4 million, exceeding analyst…