Latest Financial markets News

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

May. 24, 2024 17:20 PM EDT

NEW YORK (AP) — U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 36.88 points, or 0.7%, to 5,304.72 and won back all its losses from the prior two days. It eked out a tiny gain for the week, enough to extend its weekly...

How major US stock indexes fared Friday, 5/24/2024

May. 24, 2024 16:21 PM EDT

U.S. stocks rose in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 0.7% to win back all its losses from earlier in the week. It eked out a fifth straight winning week and is just shy of its record set on Tuesday. The Dow Jones Industrial Average...

Workday, Intuit fall; Ross Stores, Deckers Outdoor rise, Friday, 5/24/2024

May. 24, 2024 16:16 PM EDT

NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Friday: Workday Inc., down $39.99 to $220.91. The maker of human resources software trimmed its subscription revenue forecast for the year. Ross Stores Inc., up $10.27...

Stock market today: Asian shares track Wall Street's slide on worries over interest rates

May. 23, 2024 22:17 PM EDT

Asian shares were mostly lower Friday after Wall Street retreated following strong economic reports that raised the possibility of interest rates staying painfully high. U.S. futures edged higher and oil prices also rose Japan's Nikkei 225 index lost 1.2% to 38,623.78...

Nvidia's stock market value is nearly $2.6 trillion. How it rose to AI prominence, by the numbers

May. 23, 2024 16:41 PM EDT

Nvidia’s stock price has more than doubled this year as of the close of trading Thursday, increasing the company’s market value by more than $1.3 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results. The...

How major US stock indexes fared Thursday, 5/23/2024

May. 23, 2024 16:28 PM EDT

Most U.S. stocks slumped after strong economic reports raised the possibility of interest rates staying painfully high. The weakness was widespread on Thursday and overshadowed another blowout profit report from market heavyweight Nvidia. The S&P 500 fell 0.7%...

Ralph Lauren: Fiscal Q4 Earnings Snapshot

May. 23, 2024 08:17 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Ralph Lauren Corp. (RL) on Thursday reported fiscal fourth-quarter profit of $90.7 million. On a per-share basis, the New York-based company said it had net income of $1.38. Earnings, adjusted for non-recurring costs, came to $1.71 per share. ...

Hamilton Lane: Fiscal Q4 Earnings Snapshot

May. 23, 2024 07:25 AM EDT

CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Thursday reported fiscal fourth-quarter profit of $48.4 million. The Conshohocken, Pennsylvania-based company said it had net income of $1.26 per share. Earnings, adjusted for non-recurring costs, came...

Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat

May. 23, 2024 00:49 AM EDT

TOKYO (AP) — Asian shares were trading mixed Thursday, as investor sentiment in Tokyo was boosted by news of soaring Nvidia earnings. Japan's benchmark Nikkei 225 gained 1.1% to 39,054.81. Australia's S&P/ASX 200 sank 0.5% to 7,807.10. South Korea's Kospi added 0.2% to...

Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

May. 22, 2024 21:58 PM EDT

SAN FRANCISCO (AP) — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Its net income rose more than sevenfold compared to a year earlier,...