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LIVE MARKETS-Earnings season's hot topic: Trump's trade war
Main US indexes higher, but pare gains; Nasdaq now up ~3.2%Tech leads S&P sector gainers; Staples weakest groupDollar ~flat; crude, gold both slide >2.5%; bitcoin up ~3%U.S. 10-Year Treasury yield falls to ~4.36%Welcome to the home for real-time coverage of markets brought to you by Reuters r...Reuters
Wed, Apr 23
Adidas posts forecast-beating quarterly profit on strong sneaker demand
Q1 operating profit up 82% at 610 million eurosSales up 13% at 6.15 billion eurosFrankfurt-listed shares up 6.2% April 23 (Reuters) - German sportswear and apparel maker Adidas ADSGn.DE on Wednesday reported first-quarter sales and profit above expectations, citing growth across all its markets a...Reuters
Wed, Apr 23
Why Shares of Capital One Are Rising Today
Shares of the large lender Capital One (NYSE: COF) were trading nearly 5% higher at noon today. The company reported its first-quarter earnings results after the market closed yesterday, delivering an earnings beat but a slight miss on revenue.Solid earnings and merger approvalCapital One reported a...The Motley Fool
Wed, Apr 23
Palantir Is Soaring Today. Is the Stock a Buy Right Now?
Palantir (NASDAQ: PLTR) stock is jumping in Wednesday's trading thanks to a combination of macroeconomic and business-specific catalysts. The company's share price was up 8% as of 1 p.m. ET. Meanwhile, the S&P 500 had risen 1.8%, and the Nasdaq Composite was up 2.6%.The Trump administration is signa...The Motley Fool
Wed, Apr 23
Stifel Financial falls after Q1 profit miss
** Investment bank Stifel Financial's SF.N shares fall ~2.8% to $83.65** Co reports Q1 adjusted earnings per share of 49 cents, missing estimates of $1.65 per share, according to data compiled by LSEG** Stifel's Q1 investment banking revenue up ~11% to $232 mln, compared to $209.7 mln a yea...Reuters
Wed, Apr 23
Why Amazon Stock Is Bouncing Up Today
Shares of e-commerce giant Amazon (NASDAQ: AMZN) spiked today on news that President Donald Trump's administration is willing to ratchet down its trade war with China. Specifically, The Wall Street Journal is reporting the administration may cut import tariff on goods from China by more than half.Tr...The Motley Fool
Wed, Apr 23
European shares at near three-week highs as U.S.-China trade tiff appears to ease
SAP records best day in six years after Q1 profit beatTemenos falls after Q1 revenue missEuro zone business growth stalls in April - PMI data By Sukriti Gupta, Medha Singh and Nikhil Sharma April 23 (Reuters) - European shares climbed to a near three-week high on Wednesday, boosted by strong earn...Reuters
Wed, Apr 23
Why Intel Stock Is Jumping Today
Intel (NASDAQ: INTC) stock is roaring higher in Wednesday trading thanks to a combination of bullish catalysts. The company's share price was up 5.4% as of 12:30 p.m. ET amid the backdrop of a 1.6% gain for the S&P 500 and a 2.3% rally for the Nasdaq Composite.The stock market is jumping thanks to n...The Motley Fool
Wed, Apr 23
Why Hasbro, Mattel, and Walmart Stock Investors Love President Trump's Latest Tariffs Promise
Was it only Monday that the U.S. stock market was falling apart, the Dow Jones Industrial Average down 1,000 or more points, and economic nightmare just around the bend? Indeed it was, and yet, two straight days of strongly rebounding markets seem to have erased that nightmare from investors' minds,...The Motley Fool
Wed, Apr 23
US STOCKS-Tariff optimism lifts Wall St as Trump softens stance on Powell
Indexes up: Dow 1.43%, S&P 500 1.85%, Nasdaq 2.75%WSJ reports White House considering slashing China tariffsTesla, Boeing gain after quarterly results By Lisa Pauline Mattackal and Purvi Agarwal April 23 (Reuters) - Wall Street's main indexes rose on Wednesday as investors welcomed si...Reuters
Wed, Apr 23
Range Resources rises after Q1 profit beat
** Oil and gas producer Range Resources' RRC.N shares rise 2.8% to $34.21 ** Company posted Q1 adjusted profit of 96 cents/shr on Tuesday vs est 92 cents/shr - LSEG** Range Resources expects annual production to be about 2.2 billions of cubic feet equivalent (bcfe) per day in 2025** " We vie...Reuters
Wed, Apr 23
Cava rises after Bernstein upgrade
** Fast-casual restaurant Cava's CAVA.N shares rise 6.6% to $86.79** Bernstein upgrades CAVA's rating to "outperform" from "market-perform"; maintains PT of $115** Brokerage says it is upgrading CAVA as it believes the market is overly discounting near-term risks while underv...Reuters
Wed, Apr 23
Boeing tackles US-China trade threat, shares rise on smaller-than-expected loss
Loses 49 cents per share on adjusted basis, compared to expected $1.29 lossFree cash flow usage was negative $2.3 billion, from negative $3.9 billion a year agoBoeing aims to boost 737 MAX output to 38 monthly this yearCEO plans asset sales to reduce debt, streamline operationsBy Allison Lampert, Sh...Reuters
Wed, Apr 23
Vertiv Holdings jumps after Q1 profit beat
** Shares of data center equipment provider Vertiv Holdings VRT.N jump ~10% to $79.14** VRT reports Q1 adjusted earnings per share of 64 cents, beating estimates of 62 cents per share, according to data compiled by LSEG ** Company's Q1 net sales jump 24% to $2.04 bln from a year ago** 21 of 24 ...Reuters
Wed, Apr 23
Here's Why Data Center Equipment Company Vertiv's Stock Soared Today
Nvidia partner Vertiv's (NYSE: VRT) stock rose by as much as 21% in early morning trading as the company's first-quarter earnings report confirmed that there's nothing wrong with demand for data center equipment. The stock was up 10.5% around 12:30 p.m. ET. The report contained plenty of positives, ...The Motley Fool
Wed, Apr 23
Teledyne Technologies Inc reports results for the quarter ended March 31 - Earnings Summary
Teledyne Technologies Inc TDY.N reported quarterly adjusted earnings of $4.95 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $4.55. The mean expectation of ten analysts for the quarter was for earnings of $4.92 per share. Wall St...Reuters
Wed, Apr 23
First Hawaiian Inc reports results for the quarter ended March 31 - Earnings Summary
First Hawaiian Inc FHB.OQ reported quarterly adjusted earnings of 47 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of nine analysts for the quarter was for earnings of 46 cents per share. Wal...Reuters
Wed, Apr 23
QUOTES-Wall Street rallies as worries about tariff war, Powell tenure subside
April 23 (Reuters) - The benchmark S&P 500 US stock Index rallied to a two-week high on Wednesday on hopes for a de-escalation in the U.S.-China trade war and as President Donald Trump scaled back his threats to fire Federal Reserve Chair Jerome Powell.The prospect of negotiations between Washin...Reuters
Wed, Apr 23
