Technology stocks were posting strong gains in midday trading Thursday, with the SPDR Technology Select Sector ETF (XLK) climbing 1.4% and the Philadelphia Semiconductor Index rising 2.4%.
U.S. stock indexes rose in choppy trading on Thursday led by Tesla and other growth stocks, with investor focus on Microsoft's forecast cut and comments from a Federal Reserve official ahead of a key jobs report due on Friday.
Microsoft (NASDAQ: MSFT) shares fell on Thursday after the software giant updated its financial guidance for its fiscal fourth quarter ending June 30. The tech pioneer disclosed that it would have to reduce its expectations for the quarter, and the cause was one that could become
Microsoft (NASDAQ: MSFT) shares fell on Thursday after the software giant updated its financial guidance for its fiscal fourth quarter ending June 30. The tech pioneer disclosed that it would have to reduce its expectations for the quarter, and the cause was one that could become
Microsoft (NASDAQ: MSFT) shares are under pressure on Thursday after the software giant lowered expectations for the current quarter. It is set to report these results in July.
The S&P 500 and the Dow lost ground on Thursday after Microsoft made a surprise cut to its earnings outlook and comments from a Federal Reserve official quashed recent optimism about an eventual pause in the central bank's rate hike moves.
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Walmart Inc shareholders on Wednesday struck down by an overwhelming margin an activist investor-led proposal asking the retailer to produce a report assessing the impact on its employees if the U.S. Supreme Court rolls back abortion rights.
In the latest trading session, Microsoft (MSFT) closed at $272.42, marking a +0.2% move from the previous day. This change outpaced the S&P 500's 0.75% loss on the day. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.24%.
A proposal made by an activist shareholder and opposed by Walmart Inc management asking the retailer to produce a report assessing the impact on its employees if the U.S. Supreme Court rolls back abortion rights was voted down on Wednesday at its annual general meeting.
U.S. stocks fell in volatile trade on Wednesday after data showing strength in factory activity raised concerns about aggressive interest rate hikes by the Federal Reserve, sending Treasury yields higher.
Zoom Video Communications (NASDAQ: ZM) posted its first-quarter earnings report on May 23. The online video conferencing company's revenue rose 12% year-over-year to $1.07 billion, which matched analysts' expectations. Its adjusted net income declined 21% to $316 million, or $1.0
Shares of Amazon.com (NASDAQ: AMZN) ticked higher over the past week, but the stock remains pressured due to a souring economy, slower consumer spending, and worries the e-commerce giant won't be able to maintain the rate of growth investors have become accustomed to.
As with almost all tech stocks over the past six months, share prices of data warehousing company Snowflake (NYSE: SNOW) and Earth-imaging company Planet Labs (NYSE: PL) have been crushed, falling 69% and 51.7%, respectively, off their all-time highs set in late 2021. However, th
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