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GLOBAL MARKETS-Stocks up, Treasury yields down on cooler inflation, US-China 'deal'
Trump says US-China trade deal 'done'CPI data shows little change in pricesU.S. stocks rally to near record levels, dollar dipsTreasury yields fall; strong interest in a $39 billion sale of 10-year notes Oil rises to 7-week high on US-China trade dealBy Lawrence Delevingne and Lawrence White...Reuters
Wed, Jun 11
Victoria's Secret Beats Fiscal Q1 Sales Guidance
Victoria's Secret (NYSE:VSCO) reported its fiscal first-quarter 2025 earnings on June 5, 2025, posting net sales of $1.353 billion (about flat year over year), adjusted operating income of $32 million, and adjusted EPS of $0.09. Its net sales and adjusted operating income exceeded guidance. Manageme...The Motley Fool
Wed, Jun 11
US-China trade truce leaves investors none the wiser
US-China trade deal is 'done,' Trump saysMarkets guarded, await more detailsChinese equities rise, US stocks edge upInvestors hope for robust deal, but prepare for more uncertaintyBy Saqib Iqbal Ahmed and Ankur Banerjee NEW YORK/SINGAPORE, June 11 (Reuters) - The latest trade truce betwee...Reuters
Wed, Jun 11
LIVE MARKETS-BofA clients preferring domestically oriented sectors vs globally exposed groups
Dow up modestly, Nasdaq, S&P 500 slip into the redMaterials weakest S&P 500 sector; Healthcare leads gainersEuro STOXX 600 off ~0.3%Dollar down; bitcoin dips; gold gains; crude up ~2.5%US 10-Year Treasury yield falls to ~4.43%Welcome to the home for real-time coverage of markets brought to y...Reuters
Wed, Jun 11
Dollarama beats quarterly estimates as consumers seek cheaper goods
By Neil J Kanatt June 11 (Reuters) - Canada's Dollarama DOL.TO beat quarterly sales and profit estimates on Wednesday, as consumers favored discounted alternatives for household supplies and groceries amid domestic economic uncertainty.Toronto-listed shares of the company rose nearly 9% after...Reuters
Wed, Jun 11
European shares slip as markets unfazed by US-China deal
British homebuilders gain after public spending review Inditex weighs after early summer sales disappointSTOXX 600 down 0.3%By Purvi Agarwal, Ragini Mathur and Pranav Kashyap June 11 (Reuters) - European shares saw their early gains evaporate, closing in the red on Wednesday, as the much-anti...Reuters
Wed, Jun 11
Lockheed Martin shares sink after Bloomberg reports Pentagon cuts order
** Shares in Lockheed Martin Corp LMT.N down ~5% on Wednesday, on track for its biggest one-day percentage drop since late March after Bloomberg News reported that the Pentagon is scaling back by half its request to Congress for the U.S. Air Force's Lockheed F-35 jets** LMT shares last traded at...Reuters
Wed, Jun 11
U.S. STOCKS ON THE MOVE-Vaxart, DoubleVerify, Cracker Barrel
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes rose on Wednesday, as a tame inflation report calmed investor concerns around tariff-driven price pressures while markets awaited more details on Sino-U.S. tra...Reuters
Wed, Jun 11
Chewy falls after reiterating annual forecast
** Shares of online pet products retailer Chewy CHWY.N fall 10.21% to $41.04** Company reiterates annual sales forecast to be between $12.30 billion and $12.45 billion** Sees Q2 net sales between $3.06 billion and $3.09 billion, compared with analysts' estimate of $3.06 billion - data compiled b...Reuters
Wed, Jun 11
Quantum-computing firm Rigetti jumps after $350 mln equity offering
** Rigetti Computing's RGTI.O shares up 10.8% to $12.45 on Weds after co completes equity raise** RGTI shares rose as much 20.5% to $13.56 on the session** Berkeley, California-based Rigetti early Weds says it raised $350 mln by selling ~30.3 mln shares under recently disclosed ATM (at-the-mark...Reuters
Wed, Jun 11
Byline Bancorp falls after $106 million secondary offering
** Shares of regional lender Byline Bancorp BY.N fall 4.5% to $25.53 ** BY late Tuesday announced pricing of secondary offering of nearly 4.3 million shares ** Selling shareholders, including the estate of Daniel Goodwin and Equity Shares Investors — an affiliate of the estate, raised $106 million i...Reuters
Wed, Jun 11
Why Lockheed Martin Stock Just Dropped
Lockheed Martin (NYSE: LMT), the giant defense stock that makes America's vaunted F-16, F-22, and F-35 fighter jets, tumbled 5.5% through 11:40 a.m. ET Wednesday morning. And why?As Bloomberg reports, the U.S. Pentagon is reducing its budget request for new F-35 stealth fighter jets in fiscal year 2...The Motley Fool
Wed, Jun 11
Why Chewy Stock Crashed Today
Chewy (NYSE: CHWY) stock tumbled 10% through 11:20 a.m. ET Wednesday despite beating analyst forecasts on both top and bottom lines.Heading into the company's fiscal Q1 2025 report, analysts expected the online purveyor of pet supplies to report $0.34 per share in adjusted profit on just under $3.1 ...The Motley Fool
Wed, Jun 11
US STOCKS-Wall Street rises after cooler May inflation data
Indexes up: Dow 0.39%, S&P 500 0.27%, Nasdaq 0.35%GameStop falls after reporting decline in quarterly revenueUS consumer prices rise moderately in MayIntel shares fallBy Kanchana Chakravarty and Sukriti Gupta June 11 (Reuters) - Wall Street's main indexes rose on Wednesday, as a tame infl...Reuters
Wed, Jun 11
Oklo soars to all-time high after moving closer to US Air Force deal
** Shares of Sam Altman-backed nuclear technology firm Oklo OKLO.N jumps ~26% to an all-time high of $66.17** Companys says it received notice of intent to award a power purchase agreement for a pilot reactor from the energy logistics agency of the U.S. Defense Department** OKLO will design, constru...Reuters
Wed, Jun 11
Ategrity Specialty soars in cracking NYSE debut after $113 million IPO
** Ategrity Specialty Insurance's ASIC.N shares jump as much as 40.5% to $23.89 in their debut on the New York Stock Exchange ** Stock opens at $23.65 vs $17 IPO price, valuing the New York-based firm at $1.1 billion** ASIC raised $113.3 million by selling ~6.7 million shares above its market...Reuters
Wed, Jun 11
Starbucks rises; received 'a lot of interest' for China business, CEO tell FT
** Shares of coffee chain Starbucks SBUX.O up 3.5% at $94.61** Co fielding "a lot of interest" for China business stake, CEO tells Financial Times in an interview** Starbucks has been considering options for its troubled business in China as it grapples with stiff competition from cheaper co...Reuters
Wed, Jun 11
Caterpillar raises quarterly dividend, shares rise
** Shares of construction and mining equipment maker Caterpillar CAT.N rise 1.8% to $362.75 ** Co raises its quarterly dividend by 10 cents to $1.51 per share of common stock** Dividend is payable on Aug. 20 to shareholders of record at close of business on July 21 ** Co holds a trailing 12-mont...Reuters
Wed, Jun 11
