ADVFN US – Market Content Editor
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U.S. Pull Back Sharply Amid Renewed Inflation, Tariff Concerns
Stocks moved sharply lower during trading on Friday, giving back ground after trending higher over the past few sessions. The major averages turned negative within the first hour of trading and saw further downside as the day progressed. The major averages climbed off their worst levels going into the close but remained firmly negative. The…
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Farmer Bros Earnings Spur Shares Up 54%
Coffee company Farmer Bros (NASDAQ:FARM) saw its shares surge 54% after reporting its second quarter earnings were better than expected, despite revenue being slightly lower than anticipated. The coffee roaster and distributor posted adjusted earnings per share of $0.01, which beats analysts estimates of a $0.09% loss per share. The company report net sales of…
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Pinterest Shares Jump 20% As AI-Powered Tools Boost Revenue Forecast
Social media company Pinterest (NYSE:PINS) forecast on Friday that its first-quarter revenue would be higher than estimated, with its AI-powered tools increasing ad spend on the image sharing platform. The company’s first-quarter revenue forecast of $837 million to $852 million was above analysts’ average estimate of $832.8 million. Its adjusted core earnings forecast of $155…
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U.S. Employment Increased Less Than Expected In January, Unemployment Edged Down
While the Labor Department released a report on Friday showing employment in the U.S. increased by less than expected in the month of January, the report also showed the unemployment rate unexpectedly edged slightly lower. The closely watched report said non-farm payroll employment rose by 143,000 jobs in January after surging by an upwardly revised…
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Mixed Jobs Data May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to extend the lackluster performance seen in the previous session. The futures have seen some volatility following the release of the Labor Department’s closely watched report on employment in the month of January. While the report on…
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Amazon Misses Earnings Expectations, Shares Plunge
Tech giant Amazon’s (NASDAQ:AMZN) cloud computing arm has missed its revenue expectations, which raises concern about the tech company’s investment in AI. The company announced on Thursday that its cloud division, Amazon Web Services, reported reported a fourth-quarter revenue of $28.7bn (£23.1bn), which was slightly below Wall Street forecasts of $28.84bn. Investors were disappointed by…
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Nasdaq, S&P 500 See Further Upside Ahead Of Jobs Report But Dow Gives Back Ground
Stocks showed a lack of direction over the course of the trading session on Thursday, with the major averages swinging back and forth across the unchanged line before eventually closing mixed. The Nasdaq and the S&P 500 reached new highs for the session going into the end the day, closing higher for the third straight…
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Eli Lilly Stock Price Rises As Profits Exceed Expectations
Drug manufacturer Eli Lilly (NYSE:LLY) announced today that Revenue in the fourth quarter rose 45% to $13.53 billion, driven by volume growth from Mounjaro and Zepbound, versus the consensus of $13.78 billion. The company said it expects to report 2025 income per share of $22.50 to $24.00 in 2025, compared with analysts’ estimates of $22.86 per…
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U.S. Stocks May See Further Upside As Jobs Report Looms
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to see further upside after recovering from an initial pullback to end the previous session mostly higher. Stocks may benefit from recent upward momentum, which has seen the markets close higher for two straight days despite concerns…
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71% Of Institutional Traders Do Not Plan To Buy Crypto
71% of respondents to a JPMorgan e-trading survey for institutional traders said they have no plans to trade in cryptocurrency this year. “The majority of traders have no plans to trade crypto or digital coins,” according to the JPM January survey of institutional traders. The percentage of those showing interest in crypto decreased from 78%…