Praise for Rivian Automotive Inc.’s better-than-expected quarterly results failed to boost the EV maker’s stock on Wednesday, with most analysts keeping their cautious view on the company and on the direction of the stock in the near term. Rivian’s shares RIVN, -8.51% dropped more than 9% on Wednesday, a day …
Devamını oku »Rivian’s stock drops 2% after mixed quarter, raised production guidance
Rivian Automotive Inc. shares dropped more than 2% in the extended session Tuesday after a wider-than-expected quarterly loss for the EV maker overshadowed a revenue beat and a production outlook raise. Rivian RIVN, +2.14% lost $1.2 billion, or $1.89 a share, in the second quarter, compared with a loss of …
Devamını oku »Oil prices bounce back after dipping on China data disappointment
Oil futures ended higher Tuesday, shaking off losses seen earlier in the session after disappointing international trade data from China sparked worries over demand. Analysts tied the rebound to news reports that Saudi Arabia’s cabinet reaffirmed its support for production cuts by the Organization of the Petroleum Exporting Countries and …
Devamını oku »Bank ETFs head for worst day in 3 months after credit downgrades, warnings rattle sector
U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday, after Moody’s Investors Service late said it put a handful of major U.S. banks on review for a possible downgrade and lowered debt ratings on several small and midsize banks. The SPDR S&P Regional Banking ETF KRE, which tracks an …
Devamını oku »U.S. stock futures slip after weak China data damps sentiment
U.S. stock futures were lower as markets displayed a cautious tone following weak China trade data. How are stock-index futures trading S&P 500 futures ES00, -0.51% dipped 16 points, or 0.4%, to 4522 Dow Jones Industrial Average futures YM00, -0.47% fell 104 points, or 0.3%, to 35450 Nasdaq 100 futures …
Devamını oku »Palantir announces $1 billion buyback program, stock rises after earnings
Palantir Technologies Inc. matched expectations with its latest quarterly results Monday while announcing a new $1 billion buyback authorization. The software company posted its third quarter in a row of GAAP profitability, recording second-quarter net income of $28 million, or 1 cent a share, whereas Palantir PLTR, -1.15% racked up …
Devamını oku »Kyndryl’s stock rallies more than 15% after IBM spinoff forecasts pretax profit this year
Kyndryl Holdings Inc. shares rallied in the extended session Tuesday after the managed infrastructure-service company posted a surprise break-even quarter and forecast pretax profit this year. Kyndryl KD, -2.12% shares surged more than 15% after hours, following a 2.1% decline in the regular session to close at $12.45, while the …
Devamını oku »U.S. stocks advance after worst week for the S&P 500 since March
U.S. stocks traded higher early Monday, taking back some of the ground lost last week as investors keep a close eye on Treasury yields and await key inflation data as earnings season enters its final stretch. How stocks are trading The Dow Jones Industrial Average DJIA rose 259 points, or …
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