US stock market today: Palantir Technologies, Axon Enterprise, Yum Brands stocks jump but S&P 500, Dow Jones, Nasdaq are down
Another business in the real estate, rental and leasing industry told the institute that economic 'uncertainty remains the dominant theme. However, the tariff talk has turned out to be much more bluster than actual policy, and businesses have seemed to tune out the noise.'Even the threat of tariffs isn't seeming to slow the juggernaut of investment flowing into artificial-intelligence technology.Palantir Technologies jumped 7.9 per cent after the provider of AI platforms reported a stronger profit for the latest quarter than analysts expected. The AI darling also raised its forecast for revenue over the full year, and its stock climbed further after it had already doubled for the year so far coming into the day.'We continue to see the astonishing impact of AI leverage,' CEO Alex Karp said.
Axon Enterprise leaped 15.1 per cent after the company, which sells Tasers, body cameras and software to public safety departments, reported a much stronger profit than analysts expected. It also cited growth in its AI offerings, which can save time for transcriptions and other tasks, and raised its forecast for revenue this year. On the losing side of Wall Street was American Eagle Outfitters, which dropped 9.8 per cent to give back some of its 23.6 per cent jump from the day before. That's when Trump weighed in on the debate surrounding the retailer's advertisements, which highlight actor Sydney Sweeney's great jeans.Some critics thought the ad's reference to the blonde-haired and blue-eyed actor's 'great genes' may be extolling a narrow set of beauty standards, while Trump said that being 'WOKE is for losers.'
Yum Brands fell 3.2 per cent after the company behind KFC, Taco Bell and Pizza Hut reported results for the latest quarter that came up just short of analysts' expectations. The pressure is on companies to report bigger profits after the U.S. stock market surged to record after record from a low point in April. The big rally fueled criticism that the broad market had become too expensive.For stock prices to look like better bargains, either companies need to produce bigger profits, or interest rates need to fall. The latter may happen in September, when the Federal Reserve has its next meeting.
Q1. How are Yum Brands stocks performing?A1. Yum Brands fell 3.2 per cent after the company behind KFC, Taco Bell and Pizza Hut reported results for the latest quarter that came up just short of analysts' expectations.
Q2. How are Palantir Technologies stocks performing? A2. Palantir Technologies jumped 7.9 per cent after the provider of AI platforms reported a stronger profit for the latest quarter than analysts expected. The AI darling also raised its forecast for revenue over the full year, and its stock climbed further after it had already doubled for the year so far coming into the day.
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