U.S. stocks were set for a flat to slightly higher open on Thursday, as investor...
- U.S. stocks were set for a flat to slightly higher open on Thursday, as investors assessed the latest batch of earnings, while the Federal Reserve dented hopes of interest rate cut.
The Fed signaled little appetite to adjust rates any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. “Investors are going to dwell on Powell’s comments. He said there is no need to cut rates anytime soon or indicated that next move might not be a rate cut.”
Under Armour Inc gained 5.7% in premarket trading after the sportswear maker posted strong quarterly earnings and raised its full-year profit forecast, benefiting from stronger demand in overseas markets. Hanesbrands rose 4.5% after the innerwear maker delivered first-quarter profit and sales ahead of analysts’ estimates.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comcast first quarter profit beats Wall Street, misses on revenueComcast Corp reported first-quarter profit on Thursday that beat Wall Street est...
Read more »
Here are the biggest analyst calls of the day: Uber, Qualcomm,Visa, Estee Lauder & moreHere are the biggest calls on Wall Street on Thursday
Read more »
Wall Street nudges up after weak Intel results, mixed GDP reportWall Street's three major indexes rose slightly on Friday as Intel's w...
Read more »
Wall Street opens mixed; Alphabet weighs on S&P 500, NasdaqU.S. stocks opened mixed on Tuesday, as investors parsed a barrage of earnings r...
Read more »
Futures bounce as investors cheer Apple resultsU.S. stock index futures jumped on Wednesday, pointing to a strong open for Wall...
Read more »
Why Goldman Sachs, a Wall Street powerhouse, is going after the massesGoldman Sachs has been a powerhouse on Wall Street for decades. Now the company is going after the regular consumer with a new digital banking product, Marcus, and a partnership with Apple.
Read more »
Apple's stock is surging, but Wall Street analysts thought earnings results were just 'fine'Wall Street analysts see Apple headed in the right direction after its earnings report Tuesday, but were less optimistic than the market.
Read more »
Apple's 'iPhone likely bottomed': Here's what Wall Street is saying about Apple's Q1 results.Wall Street analysts covering Apple were broadly positive following the company's first-quarter results, which sent shares up 5%.
Read more »
Wall Street adds a bit to gains after Fed statement citing ongoing economic growthU.S. stocks added slightly to gains after the Federal Reserve held interest rate...
Read more »
As records fall on Wall Street, investors seek bets on economic growthAs the bull market gets a new lease on life, Wall Street is growing less fretful...
Read more »