Macy's, Oracle and 3 Stocks to Watch Heading Into Thursday
Macy's, Adobe and Oracle report earnings; Cooper cuts guidance after mixed results, while American Eagle cites a tariff refund and shares fall.
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Market sentiment weakened as Fear & Greed fell to 40.5. U.S. stocks declined amid Middle East tensions; investors await inflation data.
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Macy's, Adobe and Oracle report earnings; Cooper cuts guidance after mixed results, while American Eagle cites a tariff refund and shares fall.
Major U.S. indices closed lower on Wednesday, with the Dow Jones Industrial Average falling 0.77% to 52,380.66.
On Wednesday, American Eagle Outfitters (NYSE:AEO) discussed second-quarter financial results during its earnings call. The full transcript is provided below. Benzinga APIs provide real-time access to earnings call
Gainers Culp (NASDAQ:CULP) stock moved upwards by 17.5% to $4.1 during Wednesday's after-market session. The company's market cap stands at $43.3 million. As per the news, the Q1 earnings report came out today.
SpaceX has encountered reliability issues while rapidly expanding its AI data center infrastructure, with some facilities operating without backup power and cooling systems for months. The company faces a September 30 deadline to deliver 110,000 Nvidia GPUs to Google under a $920 million/month contract. To address these challenges, SpaceX is reshuffling its data center leadership team with executives from its rocket and Starlink divisions, delaying new projects, and building an in-house turbine blade manufacturing facility to accelerate deployment timelines.
One of Nancy Pelosi's newest stock pick is already up millions of dollars.