economy
Thursday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
The Dow Industrials rose to a new all-time intraday high and closed at a fresh record Wednesday as oil prices cooled.
TL;DR
- Salesforce exceeded earnings expectations but provided 'meh' guidance, with CEO Marc Benioff expressing confidence in achieving over $46 billion in revenue.
- Snowflake's stock jumped 36% in extended trading after beating earnings and revenue estimates, with CEO Sridhar Ramaswamy highlighting product innovation and AI capabilities.
- Key economic data to be released includes weekly jobless claims, Q1 GDP, durable goods orders, and the PCE price index.
- Bond yields are being closely watched, with the 10-year Treasury at 4.502% and the 2-year Treasury at 4.057%.
- Other companies with earnings reports or market movements include Best Buy, Kohl's, Royal Bank of Canada, Toronto-Dominion Bank, Canadian Imperial Bank, and Dell.
- Federal Reserve speakers John Williams, Alberto Musalem, and Tom Barkin are scheduled to speak.