Check out the companies making headlines before the bell: J.B. Hunt Transport Services — Shares fell more than 7% after the company’s fourth-quarter earnings came in weaker than expected. J.B. Hunt earned $1.53 per share, below the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period came in line with expectations at…
My top 10 things to watch Wednesday, Jan. 15 1. Stock futures soared and bond yields fell after the December consumer price index came in slightly cooler to in-line versus consensus. That comes one day after a light wholesale inflation report. 2. JPMorgan reported a better-than-expected fourth quarter with revenues of $43.74 billion vs. $41.73…
Jaque Silva | Nurphoto | Getty Images Nvidia shares slumped on Monday, putting the AI chip darling officially in correction territory even as the rest of the Nasdaq Composite rose to a record. The chipmaker and de facto artificial intelligence trade has rallied 166% this year amid ongoing excitement for the buzzy technology trend. However,…
Targeting China’s semiconductor and AI sectors, the Biden government announced increased export restrictions, strengthening measures to offset Beijing’s technology gains. The Department of Commerce has put new restrictions on sales of high-bandwidth memory and chipmaking equipment, therefore affecting American companies including Lam Research Corp. (NASDAQ:LRCX), Applied Materials Inc. (NASDAQ:AMAT), and KLA Corp. (NASDAQ:KLAC). These limitations…
Traders work on the floor of the New York Stock Exchange during morning trading on Nov. 26, 2024. Michael M. Santiago | Getty Images The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56%…
Top 10 things to watch Thursday, Oct. 24 CNBC’s Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. 1. The S & P 500 was trying to break a three-session losing streak. Stocks were given some relief from lower bond yields, which have been recently rising despite the Fed’s monetary easing. Bond…
Check out the companies making headlines after the bell : T-Mobile U.S. — The telecommunications giant rose about 3% after posting a third-quarter earnings surprise to the upside. T-Mobile reported earnings per share of $2.61 on $20.16 billion in revenue, while analysts polled by LSEG had been looking for earnings of $2.42 per share on…
With Wall Street rolling into the thick of earnings season, CNBC’s Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing, Tesla, IBM and T-Mobile. He celebrated the market’s lengthy winning streak and suggested it could continue. “It’s hard to believe, but this market’s now…