Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and …
Read More »Dow records best gains since January following key earnings
On Friday, Dow Jones rallied as it gets closer to record its best month since January. Blue-chip index prices rose by 187 points, or 0.6%. S&P 500 gains were similarly 0.6%. The latest round of technology earnings weighed on investors’ mood, resulting in somewhat moderate gains for the Nasdaq Composite, …
Read More »Japan’s Nikkei at an 8-month peak after the central bank maintained its stimulus policy
Japan’s Nikkei rose to an eight-month high on Friday after the Bank of Japan kept its ultra-loose monetary policy unchanged, boosting the index further after a series of strong corporate results boosted it. The Nikkei index rose to 28,879.24 points for the first time since August 19, and closed near …
Read More »Meta stock surges following earnings
After the social networking behemoth announced earnings that exceeded expectations, Meta’s stock is having a field day on Thursday, rising roughly 14%. The movement was sufficient to push the shares to 52-week highs, and they are now on the verge of a significant turning point. Following strong quarterly results from …
Read More »Wall St opens higher as upbeat earnings lift mood
The major Wall Street indexes started the day higher on Thursday after Meta Platforms, Eli Lilly, and Comcast reported results that were better than expected, outweighing statistics that indicated the U.S. economy slowed down more than predicted in the first quarter. At the start of trading, the Dow Jones Industrial …
Read More »Most of Japan’s stocks rose at the close after the announcement of the companies’ results
Most Japanese stocks rose on Thursday, led by manufacturing companies, on profit optimism, while concerns about the banking sector weighed on financial companies. The Nikkei index rose 0.15 percent to close at 28,457.68 points, recovering from a drop of 0.6 percent at the beginning of the session. The broader Topix …
Read More »What can GM post-earnings performance tell about Investors?
The performance of the General Motors stock, on Wednesday, shows investors are completely confused about cars. General Motors–2.19% reported a bigger profit than expected and raised its full-year financial forecasts amid a recovery in overall US auto sales. But the stock tanked, making it even clearer than it already was …
Read More »U.S. stocks are rising after strong reports from Microsoft, Boeing
After Microsoft exceeded expectations, technology firms helped lift U.S. markets higher. The S&P 500 was up 0.2% and the NASDAQ Composite was up 0.7% as of 13:47 GMT, while the Dow Jones Industrial Average was up 52 points, or 0.2%. After Microsoft Corporation posted better-than-anticipated results for the quarter and …
Read More »Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
Britain’s largest competition regulator has moved to block Microsoft’s acquisition of video game publisher Activision Blizzard, in a painful blow to the US tech giant. Microsoft announced its intention to acquire Activision Blizzard in January 2022 for $69 billion, in one of the largest deals the video game sector has …
Read More »US stocks slide ahead of key earnings
As investors processed a flurry of significant quarterly reports and readied themselves for the start of the big tech earnings season, stocks were trading lower on Tuesday. A 122 point, or 0.4%, decline in the Dow Jones Industrial Average was seen. The Nasdaq Composite was down 1% and the S&P …
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