Stocks on the New York Stock Exchange on Thursday completed a Zweig Breadth Thrust, a rare indication of surging market breadth that, over the last 80 years, has been a reliable predictor of the stock market's direction.
Electronic system and device provider Bel Fuse (NASDAQ:BELFA) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 18.9% year on year to $152.2 million. Its GAAP profit of $1.36 per share was 64.8% above analysts’ consensus estimates.
Shares of Google parent Alphabet climbed Friday, leading shares of several other adtech and AI stocks higher, after showing signs of success with AI features.
Charter Communications stock led S&P 500 gainers Friday after the company added more mobile phone lines and lost fewer video customers than expected in the first quarter.
Intel shares plunged Friday after the company’s quarterly forecast disappointed. Jefferies analysts said they intend to “sit on the sidelines” until the chipmaker’s turnaround plan takes shape.
AbbVie shares rose Friday after the drugmaker's first-quarter results came in above analysts' expectations.
U.S. equities were mixed at midday as the market renewed its focus on the possible impact of new tariffs.
The S&P 500 index fell as much as 12% from April 2, when Trump announced new tariffs against trade partners. It's just about 3% lower now.
Deloitte predicts private market investments among retail investors will grow “exponentially” in the next five years.
Tesla shares jumped Friday, extending their recent rally after CEO Elon Musk said he would spend more of his time focusing on Tesla, as the Trump administration moved to loosen rules around self-driving cars.