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LIVE MARKETS-Main US indexes modestly red, but yields take a tumble
Main US indexes modestly lower; Nasdaq off ~0.7% Jan ISM N-Mfg PMI 52.8 vs 54.3 estimateEuro STOXX 600 index up ~0.1%Dollar down; crude down >1%; gold rises >1%; bitcoin up >1.5%US 10-Year Treasury yield slides to ~4.42%Welcome to the home for real-time coverage of markets brought to you b...Reuters
Feb 5, 2025
Alphabet shares fall as cloud growth concerns and AI spending rattle investors
Rewrites throughout with analyst commentaryBy Deborah Mary Sophia Feb 5 (Reuters) - Alphabet GOOGL.O shares fell 8% on Wednesday as investors balked at the Google parent's slowing cloud growth and planned $75 billion capital spending for the year, underscoring growing fears over Big Tech'...Reuters
Feb 5, 2025
South African rand firms ahead of president's address
Updates prices to reflect afternoon tradeJOHANNESBURG, Feb 5 (Reuters) - South Africa's rand gained against a weaker dollar on Wednesday, as investors awaited President Cyril Ramaphosa's national address on Thursday and closely watched developments between the U.S. and China in their dispute...Reuters
Feb 5, 2025
Michael Kors-owner Capri's bleak forecast signals slow luxury demand recovery
Sales of Michael Kors, Versace and Jimmy Choo fall in Q3Logs Q3 adj. profit of 45 cents/share vs est. of 66 centsShares tumble about 14%Adds analyst comment in paragraph 5, CEO comment in paragraph 9; updates sharesBy Anuja Bharat Mistry Feb 5 (Reuters) - Capri Holdings CPRI.N forecast revenue fo...Reuters
Feb 5, 2025
BUZZ-Cencora rises after lifting 2025 profit forecast
** Shares of drug distributor Cencora COR.N rise 1.7% to $255.77 ** Co raises fiscal 2025 profit forecast, driven by robust demand for expensive specialty medicines** Expects 2025 adj. profit to range between $15.25 and $15.55 per share, up from previous view of $15.15 to $15.45** Reports adj. Q1 pr...Reuters
Feb 5, 2025
Johnson Controls lifts 2025 profit forecast, names new CEO
Updates share move in first paragraph Feb 5 (Reuters) - Johnson Controls International JCI.N named Joakim Weidemanis as chief executive officer and lifted its 2025 profit forecast on Wednesday, sending its shares up 13% in early trading.Weidemanis, who had previously held several leadership roles...Reuters
Feb 5, 2025
BUZZ-Hershey down after brokerages cut PT on cocoa price inflation
Updates** Shares of chocolate maker Hershey HSY.N down as much as 3.2% at $140.13 at a more than four-year low in early market trade** The fall comes after peer Mondelez MDLZ.O forecast a bigger-than-estimated drop in its annual profit after market close on Tuesday, on pressures from surging cocoa p...Reuters
Feb 5, 2025
Clarifai Partners with Arrow Electronics to Accelerate Commercial AI Adoption and Distribution
Clarifai's Full-Stack AI Platform Now Available to Arrow's Global Distribution Network to Orchestrate Scalable AI Solutions Across Industries WASHINGTON, Feb. 5, 2025 /PRNewswire/ -- Clarifai, a global leader in AI and pioneer of the full-stack AI platform, today announced its strategic partne...PR Newswire
Feb 5, 2025
2 Top AI Stocks I'm Buying on the Dip
In 2024, U.S. tech stocks experienced a widespread surge, driven by rapid advancements in artificial intelligence (AI), the expansion of data centers, and steady progress in autonomous systems powered by machine learning. This momentum attracted both institutional and retail investors in large numbe...The Motley Fool
Feb 5, 2025
BUZZ-FX options wrap - Tariff respite, JPY call, EUR draw, BoE risk
Feb 5 (Reuters) - Conditional 30-day reprieves for Canada and Mexico trade tariffs with the U.S. prompted a sharp paring of broader FX volatility and related USD call risk premiums, at least for now. Implied volatility fell hard from Monday's highs in all currency pairs, with the benchmark 1-mon...Reuters
Feb 5, 2025
Barbie parent Mattel shares surge on strong profit forecast despite tariff worries
Updates shares, milestone in paragraph 10By Savyata Mishra Feb 5 (Reuters) - Mattel MAT.O shares climbed as much as 18% in early trading on Wednesday after the Hot Wheels maker provided an upbeat annual profit forecast and hinted at stabilizing toy demand, despite tariff-related uncertainty.The ...Reuters
Feb 5, 2025
BUZZ-Boston Scientific rises after forecasting strong 2025 profit
** Medical device maker Boston Scientific's BSX.N shares rise 3.4% to $107.02** Co forecast 2025 adj profit to be in the range of $2.80 per share to $2.87 per share, the midpoint of which is above analysts' est Of $2.81 - LSEG** Co forecasts 2025 revenue growth between 12.5% and 14.5% from l...Reuters
Feb 5, 2025
New York Times: Q4 EPS Beats Forecast
Media company The New York Times (NYSE:NYT) reported mixed results on Wednesday, Feb. 5, in its fourth-quarter earnings report. Adjusted earnings per share (EPS) of $0.80 surpassed the analysts' consensus forecast of $0.75. However, total revenue of $726.6 million, came in slightly below the estimat...The Motley Fool
Feb 5, 2025
BUZZ-Old Dominion rises after Q4 profit beat
** Shares of Old Dominion Freight Line ODFL.O up 5.5% at $193.71** Co posts Q4 profit of $1.23 per share, above analysts' average estimates of $1.16 per share, according to data compiled by LSEG** Co, however, reports a year-over-year fall in Q4 rev, as the less-than-truckload carrier hauled few...Reuters
Feb 5, 2025
BUZZ-FMC shares sink on lower quarterly revenue forecast
Update** Agrichemicals firm FMC's FMC.N shares sink 34% to $35.64 ** FMC posted Q4 2024 profit of $1.79 cents per share after the markets closed on Tuesday, compared with analysts' average estimate of $1.6 cents per share - data compiled by LSEG** But it forecast Q1 2025 revenue below Wall S...Reuters
Feb 5, 2025
CANADA STOCKS-TSX opens higher as materials shares advance on bullion strength
Feb 5 (Reuters) - Canada's main stock index opened higher on Wednesday, lifted by materials shares, as gold prices rose due to safe-haven demand in light of the escalating U.S.-China trade war. At 9:31 a.m. ET (1431 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was ...Reuters
Feb 5, 2025
BUZZ-Fiserv rises on quarterly results beat
** Shares of U.S. fintech firm Fiserv FI.N up 3.05% at $220.46 premarket** Co reports Q4 revenue of $4.90 bln, above analysts' average estimate of $4.96 bln, according to data compiled by LSEG** Also reports Q4 adj. profit of $2.51 per share vs estimates of $2.48** Forecasts FY organic revenue ...Reuters
Feb 5, 2025
US STOCKS SNAPSHOT-Nasdaq, S&P 500 open lower as Alphabet, AMD forecasts disappoint
Feb 5 (Reuters) - The tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday, following downbeat forecasts from Alphabet and AMD in a busy day for corporate earnings.The Dow Jones Industrial Average .DJI rose 7.6 points, or 0.02%, at the open to 44,563.63. The S&am...Reuters
Feb 5, 2025
Performance Food Group Co reports results for the quarter ended December 31 - Earnings Summary
Performance Food Group Co PFGC.N reported quarterly adjusted earnings of 98 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of fourteen analysts for the quarter was for earnings of $1.05 per...Reuters
Feb 5, 2025
Azenta Inc reports results for the quarter ended December 31 - Earnings Summary
Azenta Inc AZTA.OQ reported quarterly adjusted earnings of 8 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of seven analysts for the quarter was for earnings of 6 cents per share. Wall Stre...Reuters
Feb 5, 2025
