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How major US stock indexes fared Thursday 5/25/2023

Published Sat, 02 Nov 2024 12:22:16 GMT

Wall Street’s building mania around artificial intelligence helped lift the market, even as worries worsen about political rancor in Washington. The S&P 500 rose 0.9% Thursday after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the rush into AI. Because of its immense size, Nvidia is one of the most influential stocks on the market, and it helped push the Nasdaq up 1.7%. The Dow Jones Industrial Average slipped 0.1%, and the majority of stocks fell. Treasury yields rallied after reports suggested the U.S. economy is in better shape than feared. On Thursday:The S&P 500 rose 36.04 points, or 0.9%, to 4,151.28.The Dow Jones Industrial Average fell 35.27 points, or 0.1%, to 32,764.65.The Nasdaq composite rose 213.93 points, or 1.7% to 12,698.09.The Russell 2000 index of smaller companies fell 12.40 points, or 0.7%, to 1,754.60.For the week:The S&P 500 is down 40.70 points, or 1%.The Dow is down 661.98 points, or 2%.The Nasdaq is up 40.20 poi...

Marvell: Fiscal Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 12:22:16 GMT

WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Marvell Technology, Inc. (MRVL) on Thursday reported a loss of $168.9 million in its fiscal first quarter.On a per-share basis, the Wilmington, Delaware-based company said it had a loss of 20 cents. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.The chipmaker posted revenue of $1.32 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $1.3 billion.For the current quarter ending in July, Marvell expects its per-share earnings to range from 27 cents to 37 cents._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRVL at https://www.zacks.com/ap/MRVLSource

Nvidia, Ralph Lauren rise; Dollar Tree, American Eagle fall

Published Sat, 02 Nov 2024 12:22:16 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Nvidia Corp., up $74.42 to $379.80.The maker of graphics chips for gaming and artificial intelligence reported strong first-quarter financial results.Desktop Metal Inc., down 3 cents to $1.72.Stratasys is buying the 3D printing technology company.Ralph Lauren Corp., up $5.78 to $114.The upscale clothing company beat Wall Street’s fiscal fourth-quarter earnings forecasts.Splunk Inc., down 99 cents to $95.70.The software company slipped in volatile trading, despite reporting strong first-quarter financial results.Best Buy Co., up $2.13 to $71.28.The consumer electronics retailer’s first-quarter profit beat analysts’ forecasts.Dollar Tree Inc., down $18.69 to $136.66.The discount retailer cut its profit forecast for the year.American Eagle Outfitters Inc., down $1.44 to $10.63.The clothing retailer gave investors a disappointing financial update.Digital Turbine Inc., down $6.20 to $8.23.The mobi...

2 North Carolina state legislators lose leadership roles following remarks

Published Sat, 02 Nov 2024 12:22:16 GMT

RALEIGH, N.C. (AP) — Two North Carolina state House Republicans have lost their caucus leadership positions following recent comments directed at Democratic colleagues questioning their educational attainment and religion.Reps. Keith Kidwell and Jeff McNeely have resigned as deputy majority whips after the GOP leadership team asked them to step down, House Majority Leader John Bell said. “As elected officials, we must serve by example and be accountable for our actions, especially as leaders in the caucus,” Bell said in a separate news release that didn’t specifically identify the misbehavior. “While apologies have been made and accepted, we believe this is an appropriate action and step forward.”Neither McNeely nor Kidwell, both of whom are white, responded immediately Thursday to phone messages left at their legislative offices seeking comment. They remain sitting legislators. Deputy whips are tasked with helping corral votes on issues important to members of their party. Th...

Domo: Fiscal Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 12:22:16 GMT

AMERICAN FORK, Utah (AP) — AMERICAN FORK, Utah (AP) — Domo, Inc. (DOMO) on Thursday reported a loss of $24.4 million in its fiscal first quarter.The American Fork, Utah-based company said it had a loss of 69 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 17 cents per share.The company posted revenue of $79.5 million in the period.For the current quarter ending in July, Domo expects its results to range from a loss of 11 cents per share to a loss of 7 cents per share.The company said it expects revenue in the range of $78.5 million to $79.5 million for the fiscal second quarter.Domo expects full-year results to range from a loss of 39 cents per share to a loss of 27 cents per share, with revenue ranging from $323 million to $330 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOMO at https://www.zacks.com/ap/DOMOSource

Workday: Fiscal Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 12:22:16 GMT

PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Workday Inc. (WDAY) on Thursday reported break-even earnings in its fiscal first quarter.The Pleasanton, California-based company said it had profit that was less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense and non-recurring costs, were $1.31 per share.The results beat Wall Street expectations. The average estimate of 23 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.The maker of human resources software posted revenue of $1.68 billion in the period, also surpassing Street forecasts. Twenty-five analysts surveyed by Zacks expected $1.67 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WDAY at https://www.zacks.com/ap/WDAYSource

Harry Hall takes 22 putts in career-best 62 for Colonial lead

Published Sat, 02 Nov 2024 12:22:16 GMT

FORT WORTH, Texas (AP) — Harry Hall no longer has reason to be disappointed with his recent putting. The PGA Tour rookie from England took only 22 putts, the last one an 8-foot birdie for an 8-under 62 that gave him an early four-shot lead in the Charles Schwab Challenge.Hall’s first time playing Colonial was a dream start — eight birdies along with par saves of 15 feet and 30 feet.Tom Hoge, who played his college golf at TCU and now makes Fort Worth his home, holed out for eagle from the seventh fairway on his way to a 66.Scottie Scheffler, who returned to No. 1 in the world with his tie for second at the PGA Championship, and defending champion Sam Burns were in the large group at 67 among early starters. Burn beat Scheffler in a playoff last year with a 45-foot putt.Jordan Spieth didn’t make his lone birdie until the eighth hole and opened with a 72.Michael Block, the club pro from California who starred at Oak Hill last week when he made a hole-in-one and two big par...

Autodesk: Fiscal Q1 Earnings Snapshot

Published Sat, 02 Nov 2024 12:22:16 GMT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Thursday reported fiscal first-quarter profit of $161 million.The San Francisco-based company said it had net income of 75 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to $1.55 per share.The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of $1.55 per share.The design software company posted revenue of $1.27 billion in the period, also matching Street forecasts.For the current quarter ending in July, Autodesk expects its per-share earnings to range from $1.70 to $1.74. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.66.The company said it expects revenue in the range of $1.32 billion to $1.33 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $1.27 billion.Autodesk expects full-year earnings in the range of $7.07 to $7.41 per sh...

Eflin gets 7th win, Rays beat struggling Manoah and Blue Jays 6-3

Published Sat, 02 Nov 2024 12:22:16 GMT

ST. PETERSBURG, Fla. (AP) — Zach Eflin became major leagues’ third seven-game winner, and the Tampa Bay Rays beat struggling Alek Manoah and Toronto 6-3 on Thursday to take three of four from the Blue Jays.Eflin (7-1) allowed one run and six hits in seven innings as the major league-leading Rays (37-15) stole seven bases for the second time this season and improved to 24-5 at home. He joined teammate Shane McClanahan (8-0) and Minnesota’s Joe Ryan (7-1) as the big leagues winningest pitchers.Manoah (1-5), a 16-game winner last year, extended his winless streak to nine starts after giving up five runs, three hits and five walks over three innings with six strikeouts. He threw just 44 of 87 pitches for strikes and his ERA climbed from 5.15 to 5.53, The Rays stole five bases while he was on the mound. Toronto (26-25) has lost nine of 11 and is 8-15 in May. The Blue Jays are 6-15 in division play after going 43-33 last year. They trail the Rays by 10 1/2 and the teams do not...

Prosecutors widen child sex abuse case in polygamous sect

Published Sat, 02 Nov 2024 12:22:16 GMT

SALT LAKE CITY (AP) — Prosecutors have widened their case against members of a small polygamous group that resides near the Utah-Arizona border, detailing its leader’s sexual encounters with children he took as wives in new charges filed earlier this month.A grand jury accuses Sam Bateman of recording the child sex abuse in a superseding indictment filed recently and adds new counts to charges filed last year for kidnapping and impeding an investigation. The May 18 document provides new details about how Bateman — with the help of followers — took wives as young as 9 years old and created a sprawling network spanning at least four states as he attempted to start an offshoot group of the Fundamentalist Church of Jesus Christ of Latter-Day Saints.A call to one of Bateman’s lawyers seeking comment about the case wasn’t immediately returned Thursday.The FLDS is itself a breakaway sect of The Church of Jesus Christ of Latter-day Saints historically based in the border towns of Colo...