Check out the companies making headlines in midday trading: Trump Media & Technology — Shares of the Truth Social parent, which is majority owned by former President Donald Trump, climbed 12% on Election Day . The stock is viewed as a proxy for betting on the former Republican nominee’s likelihood of winning the race for…
The Dow Jones Industrial Average reclaimed a support level in the early trades of Election Day. Dow industrials rose 0.6% and traded slightly above the 50-day moving average. The S&P 500 made a 0.8% advance. Unlike blue chips, the index has evaded a break of support at the 50-day line amid election volatility. The Nasdaq…
Data analytics software maker Palantir Technologies (PLTR) on Monday delivered third-quarter earnings that topped estimates while revenue handily beat Wall Street targets. Palantir stock jumped as December-quarter revenue guidance came in well above expectations. The company reported earnings after the market close. ↑ X NOW PLAYING Palantir Earnings Due As Tech Stocks Stumble For the…
Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares jumped 13% in extended trading on Monday after the data analytics software maker reported robust third-quarter results and revenue guidance. Here’s how…
One trading session left. That’s all Wall Street has before Tuesday, when US voters begin the process of picking their next president and potentially determining the direction of the economy for the next four years. Traders are buzzing about the possibilities, constantly checking the latest polls and moves in election betting markets to divine who’s…
AI stocks Meta Platforms (META) and Oracle (ORCL) lead the parade of top five stocks to watch near buy points this week. Netflix (NFLX), TG Therapeutics (TGTX) and GoDaddy (GDDY) also make the cut. Meta stock and Netflix stock eye buy points. TG Therapeutics has broken out while GoDaddy briefly did. Oracle stock may offer…
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, with the presidential election, the next Federal Reserve meeting and a continued earnings wave giving the stock market jitters. Warren Buffett’s Berkshire Hathaway (BRKB) on Saturday reported operating profit fell 6% vs. a year earlier to $10.09 billion. Revenue fell…
Berkshire Hathaway Inc.’s cash pile reached $325.2 billion in the third quarter, a record for the conglomerate, as Warren Buffett continued to refrain from major acquisitions while trimming some of his most significant equity stakes. Berkshire once again cut its holdings in Apple Inc., the Omaha, Nebraska-based company said Saturday in a statement. Its stake…
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its…
Indexes weakened in afternoon trading and closed near session lows Friday in a middling rebound to the prior day’s sell-off. But indexes held above critical chart levels. The Dow Jones Industrial Average closed 0.7% higher and a fraction above its 50-day moving average. The S&P 500 trimmed its gain to 0.4% after being up about…