Cava Group soared on the first day of trading. Lennar lifted its annual outlook. John Wiley & Sons announced a restructuring plan after quarterly sales dropped.
Toyota shareholders reelected chairman Akio Toyoda and endorsed a new electric vehicle strategy. The European Commission sought a break up of Google's ad tech business in Europe. UnitedHealth signaled elevated non-emergency surgeries.
GameStop was in focus after chairman Ryan Cohen added more stake in the company. Oracle Corp reported better-than-expected sales and earnings. Energy complex stocks advanced after crude oil rebounded.
Illumina forced outs its chief executive under pressure from activist investor Carl Icahn. JP Morgan announced a settlement in one of the cases linked to sexual predator Jeffrey Epstein. Nasdaq agreed to acquire financial software developer.
GameStop said fiscal first quarter revenue fell and loss shrank and announced the departure of its chief executive. Signet Jewelers cited macroeconomic headwinds for quarterly sales weakness. HashiCorp said its fiscal first quarter loss shrank.
Dave & Buster's reported record quarterly revenue but comparable store sales declined in the fiscal first quarter. Tesla said some of its new models are eligible for tax credit. Stitch Fix plans to exit from its UK business.
Thor Industries reported a sharp decline in sales and estimated market weakness to persist in the remainder of the year. GitLab sales and quarterly losses soared. Coinbase to face SEC lawsuit. Mobileye announced a secondary offering.
Apple Inc traded at a new intraday record high ahead of new product announcements later today. Amedisys received a competing buyout offer. UBS said it is nearing the completion of the takeover of Credit Suisse.
Lululemon Athletica reported strong quarterly revenues on the back of sustained growth in the domestic market and rapid international expansion. MongoDB raised its second quarter and full-year sales outlook.
Macy's lowered its annual sales outlook. Dollar General lowered its comparable sales estimate citing macroeconomic headwinds. Chewy reported better-than-expected sales.
Advance Auto Parts lowered its full-year earnings outlook and slashed its capital expenditures. Hewlett Packard Enterprise estimated weak fiscal third quarter sales outlook. HP Inc said quarterly sales plunged from a year ago. American Airlines lifted its earnings outlook.
Travel and hospitality linked stocks were in focus after the TSA screened a record number of passengers during Memorial Day weekend. Toyota Motor and Daimler Truck agreed to merge their truck operations in Japan. Nvidia crossed $1 trillion in market capitalization.
Gap Inc said margins improved and air freight expenses declined in the latest quarter. Marvell Technology estimated sales growth acceleration in the second quarter. RH forecasted higher markdowns in the current quarter.
Nvidia soared after the advanced chipmaker estimated a surge in second quarter revenue, driven by the demand for its AI chips. Best Buy estimated a decline in comparable sales in the current fiscal year. American Eagle estimated a sharp fall in second quarter sales.
Abercrombie & Fitch unexpectedly reported profit in the first quarter and lifted its annual sales growth outlook. Lowe's lowered its annual sales outlook and deepened the decline in annual comparable sales estimate.
