Latest news with #JessePound
CNBC
12-06-2025
- Business
- CNBC
Stocks making the biggest premarket moves: Boeing, Oracle, GameStop, Voyager Technologies and more
Check out the companies making the biggest moves in premarket trading: Boeing –The airplane maker lost 7.5% following the crash of an Air India Boeing Dreamliner Thursday. The plane, carrying 242 passengers and crew, crashed shortly after takeoff from Ahmedabad, India. The cause of the crash is not immediately clear. Shares of jet engine maker GE Aerospace shed 4.6%. Oracle — The cloud computing stock surged nearly 9% after fourth-quarter earnings and revenue beat analyst estimates. Adjusted earnings of $1.70 per share topped the $1.64 a share expected by analysts polled by LSEG. Revenue was $15.9 billion versus the $15.6 billion consensus estimate. GameStop — The meme stock and video game retailer sank almost 16% after announcing it will sell $1.75 billion of convertible senior notes , with proceeds earmarked for "general corporate purposes, including making investments," potentially including buying bitcoin. CoreWeave — Shares of the cloud infrastructure added more than 1% after Reuters reported that it CoreWeave will provide computing capacity as part of the recent deal between OpenAI and Alphabet . CureVac -- The stock clinical stage biotech company jumped 30% after Germany's BioNTech agreed to acquire it in an all-stock deal valued at $1.25 billion. Shares of BioNTech were fractionally lower. Voyager Technologies — The space tech stock popped 4.5% premarket. Voyager closed its first day of trading on Wednesday at $56.48, more than 82% above its initial public offering price of $31. Oklo — Shares dropped 6.6%, after the advanced nuclear reactor company planned to raise $400 million in a public offering, one day after Oklo surged more than 25% on a contract win to supply power to an Air Force base. Chime Financial — The online banking services provider priced its initial public offering at $27 per share Wednesday, valuing Chime at $11.6 billion. The stock is set to begin trading Thursday under the ticker CHYM. —CNBC's Jesse Pound, Sarah Min and Alex Harring contributed reporting.
CNBC
08-06-2025
- Business
- CNBC
Asian markets set to open higher as investors await Beijing-Washington trade meeting and China data
China Shenzhen Real444 | E+ | Getty Images Asian markets were set to climb Monday as investors awaited trade talks between the U.S. and China later in the day, following accusations between the two over breaching deal terms agreed in Geneva last month. Trade tensions are seemingly easing as China has reportedly granted temporary approvals for the export of rare earths, while jetliner Boeing Co has begun commercial jet deliveries to the Asian superpower. China is also slated to release a slew of data, including its consumer and wholesale inflation readings for May. Economists polled by Reuters expect consumer prices to have fallen by 0.2% year on year, while PPI is forecast to have declined by 3.2% from a year earlier.. Futures for Hong Kong's Hang Seng index stood at 23,801 pointing to a marginally higher open compared to the HSI's last close of 23,792.54. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 37,975 while its counterpart in Osaka last traded at 37,980, against the index's Friday close of 37,741.61. Australian markets are closed for a public holiday. U.S. equity futures were mostly flat in early Asian trade. All three key benchmarks on Wall Street jumped last Friday, after the non-farm payrolls data came in better-than-expected. U.S. payrolls climbed 139,000 in May, the Bureau of Labor Statistics reported Friday, above the Dow Jones forecast of 125,000 for the month but less than the downwardly revised 147,000 in April. The Dow Jones Industrial Average popped 443.13 points, or 1.05%, to close at 42,762.87. The blue-chip index was up more than 600 points at its highs of the session. Meanwhile, the the broad-based S&P 500 also gained 1.03% — surpassing the 6,000 level for the first time since late February — and settling at 6,000.36, while the Nasdaq Composite rallied 1.20%, to end at 19,529.95. — CNBC's Sean Conlon and Jesse Pound contributed to this report.
CNBC
08-06-2025
- Business
- CNBC
Stock futures are little changed on Sunday evening with trade talks, inflation data on deck in week ahead: Live updates
U.S. equity futures were mostly flat on Sunday evening with the S&P 500 trading near a record high and a busy week of potential market-moving news ahead. S&P 500 futures added less than 0.1%. Nasdaq 100 futures gained less than 0.1%, while futures tied to the Dow Jones Industrial Average ticked up 27 points, or less than 0.1%. The move in futures comes after all three of the major indexes notched their second-straight winning week. The S&P 500 closed above the 6,000 level for the first time since Feb. 21, and is now less than 3% away from its record closing high. Chris Verrone, chief market strategist Strategas, said Friday on "Closing Bell" the rally shows that concerns about tariffs and the U.S. economy are easing among many traders and investors. "The message of the market is still one that is largely pretty constructive here," Verrone said, mentioning S&P 500 hitting a three-month high. "Maybe most importantly, cyclicals continue to hum along. I know the data on balance has been softer, but the market's saying ignore it. Cyclicals making new highs versus defensives says, 'Hey, the economy's largely OK here,' " he added. The coming week will bring plenty of opportunities to either reinforce or undermine the market's confidence. On Monday, officials from the U.S. and China are expected to hold trade talks in London, President Donald Trump announced Friday. In the U.S., Apple's 2025 Worldwide Developer Conference kicks off on Monday. The tech giant's stock has been an area of weakness this year, sinking more than 18%. Inflation data is expected to be a key topic later in the week. The latest consumer price index is due out on Wednesday, followed by the producer price index on Friday. Traders will be looking for clues as to how the current tariff rates are flowing through the economy. A new consumer sentiment reading from the University of Michigan — which includes data around inflation expectations — is due out on Friday. Futures were calm when trading resumed on Sunday evening, with the three main futures contracts drifting marginally higher. — Jesse Pound The communication services group was the top performing sector in the S&P 500 last week, gaining 3.19%. The sector's three-biggest stocks — Alphabet , Meta Platforms and Netflix — all finished higher on the week. Stock chart icon The communications services group was a strong performer last week. Meanwhile, consumer staples was the worst performing sector, sinking 1.57%. Small caps were another bright spot, as the Russell 2000 gained 3.19% for its eighth positive week in 9. — Jesse Pound, Christopher Hayes
CNBC
05-06-2025
- Business
- CNBC
S&P 500 futures slip ahead of May jobs report: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group's IPO, in New York City, U.S., June 5, 2025. Brendan McDermid | Reuters S&P 500 futures moved lower on Thursday evening ahead of a key jobs report that is expected to shed light on the health of the U.S. economy. S&P 500 futures ticked down 0.2%. Futures for the Dow Jones Industrial Average were little changed, while Nasdaq 100 futures shed 0.4%. The May nonfarm payrolls report is due out before the opening bell on Friday. Economists expect growth of 125,000 jobs, according to Dow Jones, which would represent a decline from the prior month but likely not enough of one to cause a surge in recession fears. Some recent economic data has pointed to a slowdown in the U.S., raising questions about the impact of the multi-front tariff negotiations and the next steps for the Federal Reserve. "The Federal Reserve is navigating a narrow path. While they expect the economy to soften, persistent trade uncertainty is ripe ground for monetary policy missteps. … With both large and small businesses indicating that they plan to hold onto their workers and ride out the tariff storm, only a modest weakening in the jobs market is likely, further reducing the urgency for Fed support," said Seema Shah, chief global strategist at Principal Asset Management. The move in futures comes as the major indexes are holding on to modest gains for the week. The S&P 500 and Dow are up 0.5% and 0.1%, respectively, week to date, while the Nasdaq Composite is up nearly 1%. On Thursday, the S&P 500 fell 0.5% and the Nasdaq Composite slid 0.8%. Those indexes were weighed down by Tesla , which tumbled 14% as CEO Elon Musk sparred with President Donald Trump on social media. The Dow, which does not include Tesla, was off by 108 points, or less than 0.3%. Earnings reports could also be a key theme on Friday. Broadcom, Lululemon and Docusign all moved lower in extended trading after releasing their quarterly reports. Futures for the Nasdaq 100 and S&P 500 dipped 0.4% and 0.2%, respectively, when trading resumed on Thursday evening. Dow futures were little changed. — Jesse Pound Shares of Lululemon sank 22% in extended trading after the apparel company cut its full-year earnings guidance, citing a "dynamic macroenvironment." However, the firm was not the only company whose quarterly report led to a big after hours move: Docusign fell 17% after billings growth was slower than expected in the first quarter, according to FactSet. fell 17% after billings growth was slower than expected in the first quarter, according to FactSet. Broadcom slipped 3% after reporting only modest beats on the top and bottom lines, according to analysts surveyed by LSEG, and free cash flow that was weaker than expected, according to FactSet. Check out more movers here. — Jesse Pound
CNBC
04-06-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Dollar Tree, CrowdStrike, Wells Fargo, Constellation Energy and more
Check out the companies making headlines in premarket trading. Dollar Tree — The budget retailer slid about 4% after saying earnings per share could decline by as much as 50% in the current quarter, parly due to cost pressures from tariffs. Analysts polled by FactSet expected per-share earnings to fall just 2%. Thor Industries — The RV maker jumped about 12% after posting stronger-than-expected earnings for the fiscal third quarter and reaffirming full-year guidance. Thor earned $2.53 per share on revenue of $2.89 billion, while analysts surveyed by FactSet anticipated $1.79 and $2.61 billion, respectively. Hewlett Packard Enterprise – Shares jumped more than 7% after sales and profit at the data storage and networking services provider topped analyst estimates and it raised its profit outlook, expecting to take a smaller hit from tariffs than previously expected and saying most of its products comply with the U.S.-Mexico-Canada free trade deal. In the latest quarter, HPE earned an adjusted 38 cents per share on revenue of $7.63 billion, above analysts' consensus 32 cents per share on $7.45 billion, according to LSEG. CrowdStrike — The cybersecurity stock tumbled about 7% after saying it expects current quarter revenue of between $1.14 billion and $1.15 billion, missing the consensus forecast of $1.16 billion from analysts polled by LSEG. First quarter revenue matched analyst estimates at $1.10 billion. Asana — The enterprise software provider dropped 12%. First-quarter earnings of 5 cents per share, excluding items, on revenue of $187 million, topped analysts' estimates of 2 cents and $186 million, according to LSEG. The stock had run up 17% in the past month. Guidewire Software — The insurance technology provider climbed about 14% after fiscal third quarter earnings exceeded Wall Street estimates, coming in at 88 cents per share, excluding one-time items, on revenue of $294 million, while analysts surveyed by LSEG anticipated 46 cents and $284 million, respectively. Wells Fargo — The money center bank rose nearly 3% after the Federal Reserve removed an asset cap dating back to 2018 on the San Francisco-based lender Wells Fargo. The regulatory restriction had limited the bank's growth while it revamped its governance and risk management following several controversies. Constellation Energy — Shares lost nearly 3% after Citigroup downgraded to neutral from buy. Citi's call came after Constellation agreed Tuesday to sell nuclear-generater power to Meta Platforms as part of a 20-year contract. — CNBC's Pia Singh and Jesse Pound contributed reporting
