U.S. stocks drifted lower as financial markets locked in their final moves before a highly anticipated update coming Friday about the U.S. job market. The S&P 500 fell 0.5% Thursday. The Dow Jones Industrial Average lost 0.3%, and the Nasdaq composite sank 0.8%.
The Bureau of Labor Statistics is scheduled to release its monthly jobs report on Friday, and investors will be watching closely.
The graphics processing specialist has rebounded from its recent lows. Is it too late to buy?
LOS ANGELES (Reuters) -Container shipping rates continued their climb this week, fueled by the temporary tariff pause between the U.S. and China, but there are signs that demand underpinning the surge is moderating, financial analysts and maritime consultants said. Hulking container vessels operated by companies like MSC and Maersk ferry toys and apparel to Walmart stores and parts to factories run by major manufacturers such as Ford Motor Co. Off-contract spot rates for moving container cargo are seen as a gauge of economic conditions. The index was up 70% in the last four weeks, spurred by the May 12 U.S.-China trade truce that cut China tariffs to 30% from the 145% rate that collapsed trade between the world's two largest economies.
Investing.com -- Jefferies warned of further earnings pressure in the global spirits sector, citing fresh U.S. tariffs, soft consumer demand, and lingering inventory issues following Brown-Forman’s weak guidance for fiscal 2026.
Dollar Tree (NASDAQ: DLTR) stock was adding a few dollars to its stock price as the Thursday trading session approached closing time. Although investors weren't impressed by the quarterly earnings report the company posted the previous morning, sentiment improved thanks to price target raises -- and even one recommendation upgrade -- by analysts Thursday. Dollar Tree's share price was more than 8% higher in mid-afternoon action, contrasting very favorably with the 0.2% dip of the S&P 500 index.
CoreWeave's stock gained almost 50% this week before retreating today. Shares of CoreWeave (NASDAQ: CRWV) are falling on Thursday, down 16.2% as of 2:13 p.m. ET. CoreWeave stock's sharp drop isn't really being driven by specific news from today; rather, it's a retreat from the stock's recent massive run-up.
Circle Internet Group Inc. shares surged as much as 235% after the company and some of its shareholders raised nearly $1.1 billion in an initial public offering that was upsized twice amid strong demand. Bloomberg's Michael Regan has more on the story.
DECK leans on rapid global expansion to counter U.S. headwinds as HOKA and UGG gain ground in the key overseas markets.
UNI tumbles after strong intraday rally fades, with sellers regaining control and critical support levels now under pressure.