Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
Stock futures are mixed early Thursday morning, with Dow futures (YM=F) in the green. Investors are eagerly awaiting comments from President Donald Trump, who is set to virtually address World Economic Forum attendees at 11 a.
GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.
GE Aerospace reported robust profits last quarter and is in the midst of a $15 billion stock buyback program. Workers say these funds should be redirected into fair wages, secure retirements, better health care and improved working conditions—a necessary investment to attract and retain skilled aerospace talent amid a wave of retirements.
Bank of America Securities analyst Ronald Epstein has reiterated their bullish stance on GE stock, giving a Buy rating on January 24.Invest
The CEO of Germany's Merck KGaA said a recovery in sales growth at its existing business means it can take a cautious approach when it comes to buying other companies, which are expensively priced.
GE Aerospace (NYSE: GE) stock rose 7% after the aircraft engine supplier forecast a stronger full-year profit as demand for its high-margin parts and services got a boost from airlines flying older jets to sidestep a persistent shortage of new aircraft.
The SP 500 closed at an all-time high Thursday, gaining 0.5% to 6,118.72, with the Dow Jones rising 0.9% and the NASDAQ adding 0.2%. Investors analyzed corporate earnings and President Donald Trumps Davos address,
ET, the Dow Jones Industrial Average rose 0.58 per cent, the S&P 500 gained 0.14 per cent, the Nasdaq Composite lost 0.19 per cent
Gift Nifty was trading around 23,301 level, a premium of nearly 37 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
In the U.S., the S&P 500 closed at a record 6,118.72 points on Thursday, up 0.5%. The Dow Jones Industrial Average gained 0.9% to 44,565.26, while the NASDAQ Composite edged up 0.2%. Investors responded positively to robust corporate earnings and Trumps address at Davos, where he urged for immediate global interest rate cuts.
At the World Economic Forum in Davos, Switzerland, Trump demanded that OPEC lower oil prices and that central banks reduce interest rates, while he warned global business leaders they will face tariffs for products made outside of the U.