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LIVE MARKETS-Will Nvidia earnings pull up the SOX?
U.S. equity index futures slightly green: Nasdaq 100 up ~0.2%Mortgage market index 235.7 vs 238.5 last weekEuro STOXX 600 index off ~0.4%Dollar, gold gain; crude up >1%; bitcoin dipsU.S. 10-Year Treasury yield edges up to ~4.46%Welcome to the home for real-time coverage of markets brought to you ...Reuters
Wed, May 28
US Stocks Surge on A Successful TACO Trade! Trump's Threat Losing Halo?
On Tuesday, May 28, Eastern Time, following the Memorial Day holiday closure on Monday, U.S. stocks, bonds, and currency markets all rebounded, with the three major indices showing strength. Tesla led the gains among the seven tech giants, as the market executed what is known as a "TACO trade."TradingKey
Wed, May 28
FOCUS-Seeking to cure Gucci addiction, Kering's Pinault created a debt problem
Kering's M&A spree ramped up debts just as industry slumpedValentino put option could increase pressureCompany confident as it cuts costs, sells property stakesBut more problems could pressure credit ratingBy Tassilo Hummel and Elisa Anzolin PARIS, May 28 - In trying to reduce Kering'...Reuters
Wed, May 28
Junee Limited to Rebrand as SuperX AI Technology Limited, Positioning itself as a One-Stop AI Infrastructure Solutions Provider
SINGAPORE, May 28, 2025 /PRNewswire/ -- NASDAQ-listed company Junee Limited (NASDAQ: JUNE) (the "Company") announced today that its Board of Directors has approved proposals to change the Company's name to SuperX AI Technology Limited ("SuperX") and shift its principal busin...PR Newswire
Wed, May 28
US STOCKS-Wall St on track for muted open after sharp rally, focus on Nvidia earnings
Futures up: Dow 0.02%, S&P 500 0.15%, Nasdaq 0.28%Capri Holdings falls on wider-than-expected quarterly lossNvidia results due after the bellBy Shashwat Chauhan and Kanchana Chakravarty May 28 (Reuters) - Wall Street was set for a subdued open on Wednesday after a sharp rally in the previous ...Reuters
Wed, May 28
NYSE Content Advisory: Pre-Market update + CEO survey reveals growth as top priority
NEW YORK, May 28, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on May 28t...PR Newswire
Wed, May 28
Abercrombie & Fitch Co reports results for the quarter ended April 30 - Earnings Summary
Abercrombie & Fitch Co ANF.N reported quarterly adjusted earnings of $1.59 per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of $2.14. The mean expectation of ten analysts for the quarter was for earnings of $1.39 per share. Wall St...Reuters
Wed, May 28
GSK, Spero stop UTI drug trial after early success
May 28 (Reuters) - Spero Therapeutics SPRO.O and partner GSK GSK.L are stopping a late-stage trial of an experimental oral drug for complicated urinary tract infections early as the study met its main goal, the companies said on Wednesday.Shares of Spero more than tripled to $2.24 in premarket tradi...Reuters
Wed, May 28
MORNING BID U.S.-Spotlight back on Nvidia
By Mike Dolan LONDON, May 28 (Reuters) - What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Financial Industry and Financial MarketsAfter weeks of trade and debt anxiety, the spotlight has shifted back to the artificial intelligence theme on Wednesday, as investors wait ...Reuters
Wed, May 28
Fannie, Freddie OTC shares climb as Trump prepares to take firms public
May 28 (Reuters) - Over-the-counter (OTC) shares of Fannie Mae FNMA.PK and Freddie Mac FMCC.PK jumped in premarket trading on Wednesday after U.S. President Donald Trump said he was working on taking the housing giants public in a post on Truth Social. "I am working on TAKING THESE AMAZING COMPA...Reuters
Wed, May 28
Boston Scientific falls after discontinuing heart device, FDA approval pursuit
** Shares of medical device maker Boston Scientific BSX.N fall 2% to $103 premarket** BSX says it is discontinuing worldwide sales of its experimental heart device and will no longer seek US FDA approval in the country or other regions** Co says the decision was made due to increased regulatory requ...Reuters
Wed, May 28
GLOBAL MARKETS-Shares edge lower, long-end yields rise after soft Japanese auction
Shares dip after recent jump Nvidia results in focus40-year Japanese government bond auction sees tepid demandDollar inches higherBy Samuel Indyk and Rocky Swift LONDON, May 28 (Reuters) - European shares were a touch softer on Wednesday after Tuesday's advance, while the dollar was supported...Reuters
Wed, May 28
Brokerages raise PT on AutoZone after Q3 sales beat
** Brokerages raise their PT on AutoZone Inc AZO.N after auto parts retailer on Tuesday beat Wall Street estimates for Q3 sales** Guggenheim says Q3 was mixed, yet constructive as domestic commercial growth continues to gain momentum** BMO says hub and mega hub ramp up continues to grow faster as co...Reuters
Wed, May 28
LIVE MARKETS-Have reduced bets on BoE cuts gone too far?
STOXX 600 down 0.3%Defence stocks rise, drugmakers fallNvidia results awaitedWall Street futures higherWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comHAVE REDUCED BETS ON BOE CUTS GO...Reuters
Wed, May 28
BREAKINGVIEWS-New Stellantis CEO reflects carmakers’ grey skies
By Neil Unmack LONDON, May 28 (Reuters Breakingviews) - Companies facing adversity often look outside for leadership. That’s occasionally been the case for the car sector, where some of the most iconic bosses were by no means industry veterans. Think of Fiat Chrysler Automobiles’ old CEO Sergio M...Reuters
Wed, May 28
Abercrombie & Fitch surges after Q1 results beat
** Apparel maker Abercrombie & Fitch ANF.N up 26% at $97.18 premarket** Co tops estimates for Q1 sales and profit helped by resilient demand for its jeans and dresses** Q1 net sales of $1.10 bln beat estimates of 1.07 bln, while adjusted EPS of $1.59 also tops estimates - LSEG** Co also expects ...Reuters
Wed, May 28
POLL-With Trump tariff jitters, S&P 500 to finish year nearly even with 2024
reuters://realtime/verb=Open/url=cpurl://apps.cp./cms/?pageId=stock-index-poll poll dataBy Caroline Valetkevitch NEW YORK, May 28 (Reuters) - The S&P 500 will finish the year near current levels, according to a Reuters poll, after many strategists in recent months cut their 2025 forecast for ...Reuters
Wed, May 28
Could Investing $1,000 in This Warren Buffett Dividend Stock Make You a Millionaire One Day?
Warren Buffett's incredible track record allocating capital for Berkshire Hathaway makes him a legend. For the average investor, following the conglomerate's portfolio to find potential ideas is a smart use of time.In Berkshire's massive $277 billion portfolio, one well-known consumer brand is curre...The Motley Fool
Wed, May 28
