Stock market today: S&P 500 nears record, Dow, Nasdaq jump as Trump announces reciprocal tariffs, delays implementation
Stocks rallied on Thursday as investors digested fresh inflation data and new tariff announcements from President Trump.
Stocks rallied on Thursday as investors digested fresh inflation data and new tariff announcements from President Trump.
Online accommodations platform Airbnb (NASDAQ:ABNB) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 11.8% year on year to $2.48 billion. On the other hand, next quarter’s revenue guidance of $2.25 billion was less impressive, coming in 2.2% below analysts’ estimates. Its GAAP profit of $0.73 per share was 25.5% above analysts’ consensus estimates.
Arm shares surged Thursday following a report the chip designer is developing its own chip, with tech giant Meta set to be one of its first customers.
Cybersecurity provider Palo Alto Networks (NASDAQ:PANW) announced better-than-expected revenue in Q4 CY2024, with sales up 14.3% year on year to $2.26 billion. The company expects next quarter’s revenue to be around $2.28 billion, close to analysts’ estimates. Its non-GAAP profit of $0.81 per share was 3.9% above analysts’ consensus estimates.
Shares of sales and marketing software maker HubSpot (NYSE:HUBS) jumped 5.9% in the afternoon session after the company reported fourth quarter 2024 results that exceeded analysts' billings and revenue estimates, with total revenue rising 21% year on year, supported by strong subscription growth. On the other hand, its EPS guidance for the next quarter missed expectations, and its full-year revenue outlook of 14% year-on-year growth suggests a slowdown compared to 2024's 21% increase. This signa
Retail investors are boosting Hims & Hers after the success of its Super Bowl ad Sunday.
Intel shares jumped Thursday, extending their recent rally on speculation of a deal with TSMC.
Tempus AI shares soared to an all-time high Thursday as the tech firm announced a collaboration with the nonprofit Institute for Follicular Lymphoma Innovation to develop targeted therapies for the disease.
The shoe company forecasts that revenue will grow 2% to 2.5% during the full fiscal year despite potential unfavorable currency exchange rates and tariffs.
(Bloomberg) -- A hedge fund startup that uses artificial intelligence to do work typically handled by analysts has outperformed the global stock market in its first six months while slashing research costs.Most Read from BloombergCan Portland Turn a Corner?Why American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysThe Sydney-base