Stocks have moved sharply higher over the course of the trading day on Wednesday, adding to the gains posted in the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs. Currently, the major averages are just off their highs of the session.
A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. decreased by slightly less than expected in the week ended May 1st. The EIA said crude oil inventories fell by 2.3 million barrels last week after tumbling by 6.2 million barrels in the...
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. jumped by more than expected in the month of April. The report said private sector employment shot up by 109,000 jobs in April after climbing by a downwardly revised 61,000 jobs in March. Economists had expected private sector employment to grow by 85,000 jobs.
Growing optimism about a peace deal to end the Middle East war dragged down crude oil prices and the safe-haven dollar, helping the yellow metal climb above $4,733 on Wednesday.
Eli Lilly and Company (LLY) on Wednesday said it will invest an additional $4.5 billion across two of its three manufacturing sites in Indiana, taking its total capital commitment in the state since 2020 to more than $21 billion. The company is also opening its first genetic medicine facility today. The...
Icahn Enterprises L.P. (IEP) reported Wednesday a net loss attributable to Icahn Enterprises for the first quarter of $455 million or $0.71 per depositary unit, compared to $422 million or $0.79 per depositary unit in the prior-year quarter. Revenues for the quarter increased to $2.21 billion from...
Trimble Inc. (TRMB) said, for the full-year 2026, it expects to report revenue between $3.835 billion and $3.915 billion, GAAP earnings per share of $2.05 to $2.21, and non-GAAP earnings per share of $3.47 to $3.64. Previously, Trimble projected revenue between $3.81 billion and $3.91 billion, GAAP earnings...
Wednesday, Nuvation Bio Inc. (NUVB) announced that the U.S. Food and Drug Administration has accepted a supplemental New Drug Application with updated data for IBTROZI for the treatment of advanced ROS1-positive non-small cell lung cancer, with a target action date of January 4, 2027. The submission...
Crude oil prices plunged heavily on Wednesday amidst reports that a deal between the U.S. and Iran is nearing agreement. The massive decline in crude oil prices also followed key announcements regarding the U.S. temporarily halting Project Freedom aimed at guiding commercial vessels through the Strait of Hormuz and ending Epic Fury, the combat operations against Iran.
While reporting financial results for the first quarter on Wednesday, electric utility Exelon Corp. (EXC) affirmed its adjusted operating earnings guidance for the full year 2026 in the range of $2.81 to $2.91 per share. The company is also reaffirming its operating earnings compounded annual growth...
Stocks are likely to move to the upside in early trading on Wednesday, extending the advance seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent. Optimism about an end to the conflict...
While reporting financial results for the second quarter on Wednesday, Johnson Controls International plc (JCI) provided its adjusted earnings and organic sales growth guidance for the third quarter. The company also raised its outlook for the full-year 2026. For the third quarter, the company expects...
Hut 8 Corp. (HUT), an energy infrastructure platform, on Wednesday reported a wider loss for the first quarter compared to the prior year, even as revenues jumped. The deeper loss reflects a higher cost of revenues and a substantial increase in operating expenses. In the pre-market activity on the...
ChronoScale Corporation (CHRN) said on Wednesday that it has appointed Cenly Chen as chief executive officer to lead the next phase of AI compute growth. "The appointment comes as demand for AI compute infrastructure continues to accelerate, with increasing pressure on providers to deliver consistent...
HNI Corporation (HNI) reported a first quarter net loss attributable to HNI of $38.8 million compared to profit of $13.9 million, last year. Loss per share was $0.55 compared to profit of $0.29. Adjusted EPS was $0.34 compared to $0.44. Net sales were $1.3 billion, up 125% from prior year. On an...
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.