Electronic Arts March quarter results were ahead of expectations and the game publisher increased dividend 12% and repurchased $1.3 billion of shares. The company also plans to end its partnership with FIFA.
EA
EA
U.S. stocks turned positive after the latest inflation data showed elevated rate in April. European markets rose between 1% and 2% and German inflation reached record high in April. Asian markets closed mixed.
U.S. stocks closed higher after bargain hunters braved in search of bargains ahead of the inflation report tomorrow. Investors will be scrutinizing inflation data in search of strength and durability of price increases.
Cvent Holding reported first quarter revenues ahead of expectations but losses expanded. The meeting and event platform operator
CVT
CVT
U.S. stocks futures indicated market rebound a day after a broad selloff. Investors remain cautious ahead of the consumer and wholesale inflation data in the next two days. Bargain hunters returned in Europe but Asian markets were cautious.
U.S. stock index futures to another day of losses after interest rates advanced, falling economic activities in China and Europe, and continued inflation pressures.
Asian markets were on the defensive with the Nikkei index in Tokyo down 2.2% and the ASX 200 in Sydney falling 1%. Shanghai lockdown is expected to extend till the end of May disrupting supply chains longer.
U.S. stocks extended losses for the second day in a row in a volatile session. Market averages quickly declined after two failed attempts to climb from the fall of 2% in the positive territory.
Papa John's International reported a sharp decline in earnings after the pizza chain comparable store sales growth plunged and turned negative at locations owned.
PZZA
PZZA
Live Nation Entertainment revenues soared as live concert industry rebounds. DoorDash continued its pandemic fueled growth. DraftKings lifted revenue outlook on growth in paying members. Zillow Group struggled with home flipping business.
CI
CI