Latest Financial markets News

Nvidia's stock market value is up $1 trillion in 2024. How it rose to AI prominence, by the numbers

May. 23, 2024 11:29 AM EDT

Nvidia’s stock price has jumped 92% this year as of Wednesday, increasing the company’s market value by more than $1 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results. The chipmaker has seen soaring demand...

Stock market today: AI stocks leap as interest-rate worries hold back the rest of Wall Street

May. 23, 2024 10:47 AM EDT

NEW YORK (AP) — U.S. stock indexes are mixed Thursday as technology stocks propelled by a blowout profit report from Nvidia work against weakness elsewhere in the market. In the latest example of how good news for the economy isn't necessarily good for Wall Street, strong economic reports raised...

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,...

How major US stock indexes fared Wednesday, 5/22/2024

May. 22, 2024 16:25 PM EDT

U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs. The Dow Jones Industrial Average lost 0.5%. ...

Target, Lululemon fall; Petco, Dycom rise, Wednesday, 5/22/2024

May. 22, 2024 16:17 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Target Corp., down $12.51 to $143.27. The retailer's first-quarter earnings fell short of Wall Street forecasts. Analog Devices Inc., up $23.52 to $240.16. ...

Target: Fiscal Q1 Earnings Snapshot

May. 22, 2024 06:40 AM EDT

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal first-quarter net income of $942 million. The Minneapolis-based company said it had profit of $2.03 per share. The results did not meet Wall Street expectations. The average...

Stock market today: Asian shares mostly higher after Wall Street sets more records

May. 22, 2024 00:04 AM EDT

HONG KONG (AP) — Asian markets were mixed in cautious trading on Wednesday, with most of the regions’ benchmarks climbing after U.S. stocks hit new record highs. U.S. futures rose while oil prices slipped. Tokyo’s Nikkei 225 fell 0.6% to 38,719.35 after Japan...