Latest news with #SarahMin
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.
