Shares of video game retailer GameStop (NYSE:GME) jumped 7.8% in the afternoon session after stocks tied to digital assets surged as Bitcoin, the world's largest cryptocurrency by market cap, reached a new all-time high, edging past the $110,000 mark.
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U.S. stocks ended a wobbly day mostly lower in what has been a rocky week because of worries coming out of the bond market about the U.S. government's mounting debt. The S&P 500 slipped less than 0.1% Thursday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite rose 0.3%.
U.S. stocks ended a wobbly day mostly lower in what has been a rocky week because of worries coming out of the bond market about the U.S. government's mounting debt. The S&P 500 slipped less than 0.1% Thursday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite rose 0.3%.
Footwear and apparel conglomerate Deckers (NYSE:DECK) announced better-than-expected revenue in Q1 CY2025, with sales up 6.5% year on year to $1.02 billion. On the other hand, next quarter’s revenue guidance of $900 million was less impressive, coming in 2.1% below analysts’ estimates. Its GAAP profit of $1 per share was 65.1% above analysts’ consensus estimates.
Stocks closed flat on Thursday after swinging from losses to gains, while bond activity indicated worries about the U.S.' fiscal future.
CSCO is benefiting from an expanding security and AI portfolio despite challenging macroeconomic conditions and stretched valuation.
While the bond market is typically seen as slower moving, it can pack a heavy punch when it’s alarmed. The House of Representatives approved a bill of tax breaks early Thursday that could add trillions of dollars to the federal government’s debt, and it’s heading to the Senate next. Worries about the U.S. debt have sent yields jumping in the bond market, which in turn has shaken the stock market.
President Donald Trump’s aggressive effort this week to line up Republicans behind the cornerstone of his economic agenda has coincided with a perilous warning: The bond market gets a vote, too, and is signaling an early “no” on his Big, Beautiful Bill.
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