Latest news with #earningsreports
Yahoo
5 days ago
- Business
- Yahoo
Stock Market Today: Dow Weighed Down By Caterpillar; Nasdaq Holds A Gain, For Now (Live Coverage)
The Dow Jones Industrial Average and other major indexes remained mixed but weakened further Thursday midday, as investors scoured over earnings reports and President Donald Trump announced his chip tariff plan. Trump also made comments about the leader of Intel, causing its shares to sink on the stock market today. The Dow Jones Industrial Average deteriorated further to a 0.7% drop, or around 320 points, despite positive action in Apple and Nvidia. Solve the daily Crossword
Zawya
5 days ago
- Business
- Zawya
Mideast Stocks: Major Gulf shares fall on corporate earnings; Egypt extends rally
Most major stock markets in the Gulf ended lower on Thursday, as investors weighed mixed earnings reports and the impact of higher U.S. import tariffs on a dozen of trading partners that are expected to weigh on global growth. U.S. President Donald Trump's higher tariffs kicked in on Thursday, and he also said the United States will impose a tariff of about 100% on imports of semiconductors but with some exemptions. Dubai's benchmark stock index slipped 0.4%, weighed down by declines in real estate, consumer staples and financial shares. Emaar Properties fell 1%, while its unit Emaar Development dropped 2.3%. Emaar Properties, Dubai's largest property developer, posted on Wednesday a 39.7% year-on-year rise in second-quarter net profit attributable to shareholders, but its profit dipped 9% from the previous three-month period. Saudi Arabia's benchmark stock index fell 0.2%, with most constituents posting losses. Saudi Research and Media dropped 3%, after the media firm reported a second-quarter net loss, compared to net profit a year earlier. MOBI Industry lost 7% after the fertilizer maker reported a 49.5% year-on-year decline in quarterly net profit. The Abu Dhabi benchmark index eased 0.1%, pressured by a 0.5% loss in conglomerate International Holding and a 2.9% drop in Agthia Group, which reported a net loss for the second quarter. In contrast, Burjeel Holding surged 4.8%, after posting a more than twofold jump in net profit. The Qatari benchmark index gained for a fifth day and rose 0.3% to 11,364, its highest level in more than 2-1/2 years, with most stocks in positive territory. Qatar National Bank, the region's largest lender, added 1% and Qatar Aluminum Manufacturing rose 1.7%, after reporting a 44% increase in half-year net profit. Outside the Gulf, Egypt's blue-chip index extended its rally to a sixth session, rising 0.9% to a new all-time high at 35,809 with most stocks in the green. E-Finance jumped 6.3% and Talaat Moustafa Group advanced 1.2%. SAUDI ARABIA down 0.2% to 10,930 KUWAIT up 0.5% to 9,261 QATAR rose 0.3% to 11,364 EGYPT gained 0.9% to 35,809 BAHRAIN ended flat at 1,945 OMAN up 0.8% to 4,850 ABU DHABI down 0.1% to 10,317 DUBAI lost 0.4% to 6,133 (Reporting by Md Manzer Hussain; Editing by Vijay Kishore)
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
What's News in Earnings: Tough Times Come for Big Food - Your Money Briefing
Bonus Episode for Aug. 6. It's tough sledding in the food business as costs rise but consumers aren't having higher prices. How are food companies balancing inflation and tariffs on one hand and the need to appeal to budget-conscious buyers on the other? WSJ Heard on the Street editor Aaron Back discusses the latest earnings reports for Kraft Heinz, General Mills, Conagra, Campbell and J.M. Smucker tell us about the food business and the future of how we eat. WSJ food reporter Jesse Newman hosts this special bonus episode of What's News in Earnings, where we dig into companies' earnings reports and analyst calls to find out what's going on under the hood of the American economy. Sign up for the WSJ's free Markets A.M. newsletter.
Yahoo
22-07-2025
- Business
- Yahoo
US stock futures little changed as investors await more earnings reports
U.S. stock futures are little changed as investors await more earnings reports. The broad S&P 500 and tech-heavy Nasdaq scored record highs to start the week amid solid earnings reports from Domino's Pizza, Cleveland-Cliffs and Verizon. Of the more than 60 S&P 500 companies that have reported, more than 85% of those topping analysts' estimates, according to FactSet data. Analysts on average expected S&P 500 companies to report a 6.7% increase in earnings for the second quarter, with big technology companies driving much of that gain, according to LSEG I/B/E/S. Philip Morris International, Coca-Cola and Lockheed Martin are among those slated to report before the market opens. However, the main events are midweek when Tesla and Alphabet report results. Investors will be keen to dissect the earnings reports for signs of how President Donald Trump's tariffs have hit the economy and corporate spending. At 6 a.m. ET, futures linked to the blue-chip Dow were at 0%, while S&P 500 futures slipped -0.11% and Nasdaq futures dropped -0.27%. Federal Reserve Chairman Jerome Powell is also scheduled to speak at a conference in Washington DC as the stock market opens. Corporate news Goldman Sachs held talks for a roughly $25 billion takeover of wealth management firm Northern Trust earlier this year and almost closed a $6 billion deal for Cliffwater, Semafor reported. NXP Semiconductors' second-quarter results topped analysts' forecasts. Steel Dynamics' second-quarter results missed expectations. Zions Bancorp reported second-quarter earnings per share above Wall Street's estimates. Sarepta Therapeutics said it will pause all shipments of its Elevidys gene therapy in the United States after a muscular dystrophy patient who received a different, experimental treatment died. Initially, the company refused to do so after a FDA request. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday. This article originally appeared on USA TODAY: US stock futures little changed as investors await earnings reports
Yahoo
18-07-2025
- Business
- Yahoo
US stock futures higher after earnings reports
U.S. stock futures are higher after more earnings reports after the regular session close and ahead of consumer sentiment data. Netflix and Interactive Brokers were among the companies that reported better-than-expected results. Meanwhile, the University of Michigan's preliminary reading for July consumer sentiment report is expected to rise to 61.8 from the prior reading of 60.7, according to economists polled by Dow Jones. At 6:10 a.m. ET, futures tied to the blue-chip Dow rose 0.14%, while broad S&P 500 futures added 0.13% and tech-heavy Nasdaq futures rose 0.12%. All major stock indexes are looking to end the week higher. So far, all three indexes are up for the week, with the Nasdaq as the top performer. The Nasdaq and S&P 500 reached fresh record highs this week. Corporate news Norfolk Southern is in talks to be acquired by Union Pacific, according to the Wall Street Journal, citing people familiar with the matter. Neflix's second-quarter results topped estimates and lifted its full year sales outlook. Interactive Brokers' second-quarter results beat analysts' expectations. Bank OZK said second-quarter net interest income and earnings per share exceeded the mean analyst estimate. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday. This article originally appeared on USA TODAY: US stock futures higher after earnings reports Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
