Tag: NASDAQ:AMAT
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DXC Technology Plummets 22.2% After Pessimistic Projections, Doximity Stocks Surge 14% in Pre-Market, and More on Earnings
Doximity (NYSE:DOCS) – Shares of Doximity rose 14% in pre-market trading due to a positive fiscal report for the fourth quarter. The company exceeded expectations with an adjusted earnings of $0.25 per share and revenues of $118.1 million, reflecting a 6% year-over-year increase, driven by a 9% growth in subscription revenues. It also announced plans…
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US Stock Futures Rise Amid Softer Inflation, Oil Prices Dip
U.S. index futures show a slight uptick in pre-market trading on Thursday, buoyed by softer-than-expected inflation. This optimistic scenario has helped the S&P 500 surpass the 5,300 point mark for the first time, signaling potential relief in inflationary pressures and rejuvenating investor spirits. At 6:37 AM, the Dow Jones (DOWI:DJI) futures rose by 16 points,…
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Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More
Tesla (NASDAQ:TSLA) – Tesla settled a lawsuit regarding a fatal Autopilot accident before the high-profile trial. The company faces legal and reputational challenges amidst promoting autonomous driving technology. Despite Elon Musk’s optimism, critics question the feasibility of self-driving cars. In other news, Tesla founder Martin Eberhard expressed regret over the cancellation of plans for a…
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Positive Reaction To CPI Data May Lead To Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground following the pullback seen over the two previous sessions. The futures advanced following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of February. The Labor Department said…
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U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the modest pullback seen in the previous session. Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street following last week’s advance by the…
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Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News
Nike (NYSE:NKE) – Nike will cut over 1,600 jobs, about 2% of its workforce, to reduce costs after forecasting lower profits. Nike outlined a $2 billion cost-saving plan over the next three years, including measures such as supply optimization, supply chain improvement, and automation, with layoff costs estimated between $400 million and $450 million in…
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U.S. Futures Edge Higher Ahead of Key Economic Data Release, Oil Prices See Modest Declines
On Thursday morning, U.S. index futures indicate a modestly positive opening, in anticipation of the release of important economic indicators from the retail and industrial sectors. At 05:55 AM, the futures for the Dow Jones (DOWI:DJI) rose by 50 points, or 0.13%. The S&P 500 futures increased by 0.09%, and the Nasdaq-100 futures went up…
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Stock Index Futures Move Higher as Bond Yields Plunge, Gap Surges on Upbeat Earnings
December S&P 500 futures are up +0.28%, and December Nasdaq 100 E-Mini futures are up +0.06% this morning as U.S. Treasury yields continued to fall after this week’s soft U.S. inflation and jobs data spurred expectations among investors that interest rates have peaked. Today, all eyes are focused on the U.S. Building Permits preliminary data…
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Friday’s Wall Street Highlights: Applied Materials, ChargePoint, Amazon, Gap, IBM, and more
U.S. index futures are up in pre-market trading on Friday, signaling an optimistic weekly close for the three major indexes, which are heading for their third consecutive week of gains. At 06:04 AM, Dow Jones futures (DOWI:DJI) rose 76 points, or 0.22%. S&P 500 futures rose 0.20% and Nasdaq-100 futures rose 0.02%. The yield on…
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Stocks Slip Before the Open as Weak Earnings Weigh on Sentiment, U.S. Economic Data and Fed Speak in Focus
Today, all eyes are focused on the U.S. Philadelphia Fed manufacturing index in a couple of hours. Economists, on average, forecast that the November Philadelphia Fed manufacturing index will come in at -9.0, compared to the previous value of -9.0. U.S. Export and Import Price Indexes for October will also be in focus today. Economists…