Latest news with #SarahMin
CNBC
15-07-2025
- Business
- CNBC
S&P 500 futures rise as investors await bank earnings, inflation reading: Live updates
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference on May 21, 2025. Chesnot | Getty Images Entertainment | Getty Images Shares of Nvidia jumped 4.5% in premarket trade on Tuesday, after the company said it was hopeful it could soon resume sales of its H20 chips to China. "The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon," the company said in a statement on Tuesday. Read more here. — Chloe Taylor Asia-Pacific ended the day higher Tuesday. Hong Kong's Hang Seng Index added 1.6% to close at 24,590.12, while mainland China's CSI 300 index was flat at 4,019.06. Japan's Nikkei 225 benchmark added 0.55% to close at 39,678.02, while the broader Topix index was flat at 2,825.31. Meanwhile, South Korea's Kospi index increased by 0.41% to close at 3,215.28, while the small-cap Kosdaq advanced 1.69% to 812.88. Australia's S&P/ASX 200 benchmark ended the day 0.7% higher at 8,630.30. Over in India, the 50-stock benchmark Nifty 50 was up 0.43%, while the Sensex index moved up 0.31% as of 1.55 p.m. Indian Standard time (4.25 a.m. ET). — Amala Balakrishner We're just over half an hour into Tuesday's trading session, and European shares are broadly moving higher. The pan-European Stoxx 600 was last seen trading around 0.2% higher, with most sectors trading in positive territory. Regional shares are coming off of a mostly losing session on Monday, as investors reacted to U.S. President Donald Trump's threat to to slap 30% tariffs on goods from the European Union next month. — Chloe Taylor June's consumer price index could be the first to show the tariff impact. Here are what economists polled by Dow Jones are expecting: Headline: 0.3% monthly increase, 2.7% increase on an annual basis Core: 0.3% monthly increase, 3% gain on an annual basis The inflation reading is due out Tuesday at 8:30 a.m. ET. — Sarah Min Companies have a low bar to clear this earnings season. The S&P 500 is projected to post a blended earnings growth rate of 4.3% in the second quarter, on a year-over-year basis, according to FactSet data. That would be the lowest for the index going back to the fourth quarter of 2023, when it was just 4.0%. — Sarah Min Advertising tech company The Trade Desk will become part of the S&P 500, effective before trading opens on Friday, July 18, according to S&P Dow Jones Indices. Joining the broad market index tends to lift a company's share price: The Trade Desk jumped 14% in extended trading following the announcement. Stock chart icon The Trade Desk over the past day Just last week, Wall Street firm Stephens predicted that The Trade Desk could be a potential contender to join the S&P 500's communications services sector, which is an underweight grouping in the index. The Trade Desk will replace software company Ansys , which is on track to be acquired by Synopsys on or about Thursday. — Darla Mercado, Jordan Novet
CNBC
18-06-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Sunrun, Korn Ferry, Oracle, Circle and more
Check out the companies making headlines in premarket trading. Sunrun — Shares fell nearly 2% following a downgrade to sector perform from outperform by RBC Capital Markets. The stock on Tuesday recorded its biggest one-day loss in its history amid a sell-off in solar names. CERo Therapeutics Holdings — Stock in the immunotherapy company pulled back about 28%. On Tuesday, the U.S. Food and Drug Administration gave the company's acute myeloid leukemia drug CER-1236 an orphan drug designation . Shares rose more than 188% on that news. Chemours — The chemical stock dropped about 1% after an updated second-quarter forecast showed weakness in a key profit metric. Chemours said it expects consolidated adjusted EBITDA — or earnings before interest, taxes, depreciation and amortization — of $215 million to $225 million for the period. Wall Street expectations called for $236 million, according to FactSet. Regencell Bioscience — Shares dropped 13% after an eyewatering move higher this week . The Hong Kong-based developer of traditional Chinese herbal treatments has said it can treat childhood ADHD and autism. Regencell jumped 30% on Tuesday, and soared 283% Monday, following a 38-for-1 stock split. It's gained more than 59,000% this year. Oracle — The software company gained more than 1% after Guggenheim raised its price target on the stock to the highest on the Street. Analyst John DiFucci said Oracle is "on the precipice of a narrative shift that has been decades of technology innovation in the making." Zoetis — Shares of the animal health company slipped 1% following a downgrade at Stifel to hold from buy. The firm said it expects Zoetis' revenue growth to decelerate further amid increasing competition. Korn Ferry — Shares of the consulting firm gained about 10% after fourth-quarter results surpassed analyst estimates on the top and bottom line. Korn Ferry earned $1.32 per share, excluding items, on revenue of $712 million. Analysts polled by FactSet expected a profit of $1.26 per share and revenue of $689.9 million. Circle Internet Group — Stock in the company behind stablecoin USDC advanced 3%, after the U.S. Senate passed the GENIUS bill . The legislation is the first of its kind and establishes federal guidelines for digital dollars that are pegged to the greenback. — CNBC's Sarah Min, Michelle Fox, Alex Harring, Fred Imbert and Jesse Pound contributed reporting.
CNBC
12-06-2025
- Business
- CNBC
Stocks making the biggest premarket moves: Boeing, Oracle, GameStop, Voyager Technologies and more
Check out the companies making the biggest moves in premarket trading: Boeing –The airplane maker lost 7.5% following the crash of an Air India Boeing Dreamliner Thursday. The plane, carrying 242 passengers and crew, crashed shortly after takeoff from Ahmedabad, India. The cause of the crash is not immediately clear. Shares of jet engine maker GE Aerospace shed 4.6%. Oracle — The cloud computing stock surged nearly 9% after fourth-quarter earnings and revenue beat analyst estimates. Adjusted earnings of $1.70 per share topped the $1.64 a share expected by analysts polled by LSEG. Revenue was $15.9 billion versus the $15.6 billion consensus estimate. GameStop — The meme stock and video game retailer sank almost 16% after announcing it will sell $1.75 billion of convertible senior notes , with proceeds earmarked for "general corporate purposes, including making investments," potentially including buying bitcoin. CoreWeave — Shares of the cloud infrastructure added more than 1% after Reuters reported that it CoreWeave will provide computing capacity as part of the recent deal between OpenAI and Alphabet . CureVac -- The stock clinical stage biotech company jumped 30% after Germany's BioNTech agreed to acquire it in an all-stock deal valued at $1.25 billion. Shares of BioNTech were fractionally lower. Voyager Technologies — The space tech stock popped 4.5% premarket. Voyager closed its first day of trading on Wednesday at $56.48, more than 82% above its initial public offering price of $31. Oklo — Shares dropped 6.6%, after the advanced nuclear reactor company planned to raise $400 million in a public offering, one day after Oklo surged more than 25% on a contract win to supply power to an Air Force base. Chime Financial — The online banking services provider priced its initial public offering at $27 per share Wednesday, valuing Chime at $11.6 billion. The stock is set to begin trading Thursday under the ticker CHYM. —CNBC's Jesse Pound, Sarah Min and Alex Harring contributed reporting.
CNBC
28-05-2025
- Business
- CNBC
Asia-Pacific markets set to mostly climb as investors await Bank of Korea decision
Hongdae street in Seoul city, South Korea Twenty47studio | Moment | Getty Images Asia-Pacific markets were set to mostly climb Thursday as investors look toward the Bank of Korea decision. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 38,350 while its counterpart in Osaka last traded at 37,840 against the index's last close of 37,722.4. Futures tied to Australia's S&P/ASX 200 index stood at 8,430, pointing to a higher open than its last close of 8,396.9. Hong Kong markets are poised to slip slightly with futures tied to the Hang Seng index at 23,132, compared to the benchmark's last close of 23,258.31. Investors are expected to keep an eye on the outcome of the Bank of Korea's meeting decision, as well as Asian chip stocks, after Nvidia posted stronger-than-expected earnings and revenue on Wednesday, driven by a 73% year-over-year surge in its data center business. U.S. futures rose Wednesday night, buoyed by a strong earnings report from artificial intelligence heavyweight Nvidia. Futures tied to the S&P 500 rose 0.8%, while Nasdaq 100 futures gained 1.2%. Dow Jones Industrial Average futures added 206 points, or 0.5%. Overnight, the three major stock averages closed lower as investors parsed the latest earnings reports and Federal Reserve meeting minutes. The S&P 500 slid 0.56% to end at 5,888.55, while the Nasdaq Composite shed 0.51% and settled at 19,100.94. The Dow Jones Industrial Average fell 244.95 points, or 0.58%, and closed at 42,098.70. — CNBC's Alex Harring, Sarah Min and Pia Singh contributed to this report The three major indexes concluded Wednesday's session in the red. The Dow and S&P 500 each finished around 0.6% lower. The Nasdaq Composite ended down 0.5%. — Alex Harring
CNBC
21-05-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Target, Palo Alto Networks, Lowe's, UnitedHealth and more
Check out the companies making headlines before the bell. Palo Alto Networks — Shares of the cybersecurity company dipped 3.7% after Palo Alto Network's gross margin for the fiscal third quarter came out below estimates . The company still beat on earnings and revenue expectations, however. UnitedHealth — Shares dropped more than 6% after HSBC downgraded the health insurance giant, saying valuations are still elevated despite a recent rout. Target — The retailer's stock slipped 3.5% after Target missed first-quarter revenue estimates and cut its full-year sales outlook. Executives blamed tariff uncertainty, weaker discretionary spending and backlash to the company's rollback of key diversity, equity and inclusion efforts for its performance. Lowe's — Shares of the home improvement retailer rose 2%. Lowe's reaffirmed its full-year forecast , putting the retailer on track for year-over-year sales growth. Lowe's also reported earnings of $2.92 per share, beating an LSEG estimate of $2.88 per share. Revenue of $20.93 billion came out just shy of the $20.94 billion expected. Toll Brothers — The homebuilder rose more than 4% after fiscal second-quarter results topped expectations. Toll Brothers reported $3.50 in earnings per share on $2.74 billion in revenue. Analysts surveyed by LSEG were looking for $2.83 per share in earnings and $2.48 billion in revenue. Carter's — Shares of the children's clothing company slid about 6% after Carters cut its quarterly dividend to 25 cents per share, down from 80 cents per share. The company's chief executive said in a release that Carter's dividend was misaligned with its level of profitability against the current market environment, and that higher tariffs could lead Carter's to incur significantly higher product costs. Wolfspeed — Shares of the semiconductor supplier plunged more than 60% after The Wall Street Journal reported , citing sources familiar with the matter that Wolfspeed is preparing to file for bankruptcy within weeks. Xpeng — The Chinese EV maker rose than 5% in the premarket after a smaller-than-expected loss for the first quarter . Xpeng added it expects to deliver between 102,000 and 108,000 vehicles in the second quarter. That represents a year-over-year increase of more than 200%. — CNBC's Sarah Min and Jesse Pound contributed reporting.
