Shares of athletic apparel retailer Lululemon (NASDAQ:LULU) fell 19.4% in the afternoon session after the company reported underwhelming Q1 2025 results. Its EPS guidance for next quarter missed and its full-year EPS guidance fell short of Wall Street's estimates.
Shares of building products company Quanex (NYSE:NX) jumped 10.6% in the afternoon session after the company reported strong second-quarter 2025 (fiscal) results as sales and earnings exceeded Wall Street's forecasts. The outperformance was supported by early contributions from the recently acquired Tyman business.
(Bloomberg) -- Robinhood Markets Inc. shares extended gains into a sixth straight day as investors speculate that the online brokerage could become the latest firm to earn a coveted spot in the S&P 500 Index. Most Read from BloombergNext Stop: Rancho Cucamonga!ICE Moves to DNA-Test Families Targeted for Deportation with New ContractWhere Public Transit Systems Are Bouncing Back Around the WorldUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnTrump Said He Fired the National P
A unique mutual fund type is gaining ground with advisors, according to the FPA's newest survey. Advisors say the data points to a broader trend of planners shifting away from investment management.
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue to in the future.
Tesla stock is regaining ground today after falling 14.3% in Thursday's trading. The EV company's share price has been volatile amid shifts in the relationship between CEO Elon Musk and President Trump. Tesla stock is also getting a boost from the latest U.S. jobs report.
HSBC Americas Head of Debt Capital Markets Patrice Altongy sees a very attractive credit market. Barings High Yield Portfolio Manager Michael Best say consumer discretionary sector is a concern. They speak with Sonali Basak on "Real Yield."
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NEW YORK (Reuters) -The rift between President Donald Trump and Tesla chief Elon Musk has captivated the world as a political drama, but it has also become a Wall Street spectacle, highlighting the risk to equity markets from the world's biggest stocks. Tesla shares slid 14% on Thursday as Musk and Trump feuded largely on social media, including the president threatening to cut off government contracts to Musk's companies. Although the stock modestly rebounded on Friday, Thursday's decline dragged down some of the most closely followed equity indexes, which are more heavily influenced by companies with the largest market values.
Manchester United had a disappointing 2024-25 Premier League campaign. Its deep UEFA Europa League run, however, led to better-than-expected revenue gains in the fiscal third quarter.