Thursday's big stock stories: What’s likely to move the market in the next trading session
The S&P 500 closed Wednesday not too far from where it began as investors waited for Nvidia to post its results. The chipmaker's stock was higher after hours.
TL;DR
- Nvidia shares rose over 4% after hours, beating earnings estimates with revenue more than doubling and providing higher-than-expected guidance.
- Salesforce shares increased 13% after hours, exceeding earnings and guidance estimates, with CEO Marc Benioff refuting 'SaaS-pocalypse' claims.
- Boston Scientific shares fell 3.4% due to reports of a cyberattack disrupting global operations.
- Several cybersecurity stocks like Fortinet, F5, CrowdStrike, SentinelOne, and Gen Digital showed mixed performance, with some hitting highs and others experiencing pullbacks.
- Canadian banks including Canadian Imperial Bank, Royal Bank of Canada, and Toronto-Dominion Bank are set to report earnings, with analysts watching for impacts from trade disputes.
- Marvell Technology, Affirm Holdings, Gap, Autodesk, Ulta Beauty, and Workday reported mixed post-bell earnings.
- Nike's stock has fallen significantly, reaching lows not seen since 2014 and becoming the worst-performing stock in the Dow 30 over various periods.