Market Update
European Markets Extend Gains Powered by Bank and Luxury Stock Rally Lifts
Bridgette Randall
29 Apr, 2025
London
European markets advanced in Tuesday's trading as investors awaited the release of economic data and a slew of corporate earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced, and investors reviewed earnings from Porsche, Schneider Electric, and Deutsche Börse.
Incoming German Chancellor Friedrich Merz announced cabinet positions from his conservative CDU Party, including foreign minister and economy minister.
Investor sentiment improved over the last two weeks because of positive earnings from leading corporations and hopes of improving trade relations with the U.S.
Consumer sentiment in Germany continues its recovery in April that began in the previous month.
Both income expectations and the willingness to buy show noticeable increases, while economic expectations improve only slightly.
Germany’s GfK Consumer Climate Indicator improved to -20.6 for May 2025 from a revised -24.3 in April, the best reading since August 2024, extending a recovery that began in April.
Germany's consumer sentiment has remained weak amid deteriorating economic conditions and weak export growth.
“Whether the decline in the propensity to save will continue in the coming months remains to be seen, and it certainly depends on how trade conflict between the U.S. and the rest of the world develops,” added Rolf Burkl, consumer expert at NIM.
Europe Indexes and Stocks
Merck KGaA rose 1.3% to €122.70, and the German pharmaceutical company agreed to acquire SpringWorks Therapeutics for $3.9 billion to expand its cancer business.
Banking and luxury stocks advanced in Paris trading for the second consecutive day.
LVMH increased 0.2% to €502.0, Kering SA edged up 0.3% to €178.50, and L'Oreal SA advanced 0.2% to €379.20.
Credit Agricole SA edged up 0.2% to €17.13, and BNP Paribas SA increased 0.2% to €74.10.
Deliveroo PLC extended a two-day gain to 19%, to 170.40 pence, after the delivery service provider received a takeover offer from the U.S.-based DoorDash.
Deutsche Bank AG increased 0.3% to €22.42, and the German bank reported a 39% increase in earnings in the first quarter.
HSBC Holdings advanced 1.4% to 843.68 pence, and the UK- and China-based bank reported better-than-expected results in the first quarter.
Banks and Luxury Stocks Drive European Markets Higher
Bridgette Randall
29 Apr, 2025
London
European markets advanced in Tuesday's trading as investors awaited the release of economic data and a slew of corporate earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced, and investors reviewed earnings from Porsche, Schneider Electric, and Deutsche Börse.
Incoming German Chancellor Friedrich Merz announced cabinet positions from his conservative CDU Party, including foreign minister and economy minister.
Investor sentiment improved over the last two weeks because of positive earnings from leading corporations and hopes of improving trade relations with the U.S.
Consumer sentiment in Germany continues its recovery in April that began in the previous month.
Both income expectations and the willingness to buy show noticeable increases, while economic expectations improve only slightly.
Germany’s GfK Consumer Climate Indicator improved to -20.6 for May 2025 from a revised -24.3 in April, the best reading since August 2024, extending a recovery that began in April.
Germany's consumer sentiment has remained weak amid deteriorating economic conditions and weak export growth.
“Whether the decline in the propensity to save will continue in the coming months remains to be seen, and it certainly depends on how trade conflict between the U.S. and the rest of the world develops,” added Rolf Burkl, consumer expert at NIM.
Europe Indexes and Stocks
Merck KGaA rose 1.3% to €122.70, and the German pharmaceutical company agreed to acquire SpringWorks Therapeutics for $3.9 billion to expand its cancer business.
Banking and luxury stocks advanced in Paris trading for the second consecutive day.
LVMH increased 0.2% to €502.0, Kering SA edged up 0.3% to €178.50, and L'Oreal SA advanced 0.2% to €379.20.
Credit Agricole SA edged up 0.2% to €17.13, and BNP Paribas SA increased 0.2% to €74.10.
Deliveroo PLC extended a two-day gain to 19%, to 170.40 pence, after the delivery service provider received a takeover offer from the U.S.-based DoorDash.
Deutsche Bank AG increased 0.3% to €22.42, and the German bank reported a 39% increase in earnings in the first quarter.
HSBC Holdings advanced 1.4% to 843.68 pence, and the UK- and China-based bank reported better-than-expected results in the first quarter.
China Markets Cautious Ahead of Bank Earnings, Policymakers Vow to Cushion Economy from U.S.-led Trade War
Li Chen
29 Apr, 2025
Hong Kong
Stock market indexes in China and Hong Kong traded in a tight range, and investors looked ahead to earnings from leading banks.
The Hang Seng index gained 0.4%, and the mainland-focused CSI 300 index declined 0.2%, amid ongoing trade tensions with the U.S.
ICBC, HSBC, and China Construction Bank are scheduled to release their earnings later today, and they are expected to deliver results that exceed market expectations.
Investors remain optimistic about the stock market trajectory despite the elevated trade tensions between the U.S. and China, and policymakers in Beijing reiterated their commitment to achieving economic growth of 5% in 2025.
Of the 470 million employed across all industries in China, about 12 million people are directly or indirectly linked with U.S. exports, according to a review of various government and private data available in China.
China's top planning agency and Politburo reassured markets on Friday and Monday that the central government is prepared to help firms and people who are negatively impacted by the U.S. import taxes as high as 145%.
China Indexes and Stocks
The Hang Seng index gained 0.4% to 22,062.02, and the mainland-focused CSI 300 index decreased 0.2% to 3,775.27.
Li Ning Co. Ltd. declined 2% to HK $14.60, and the sporting goods retailer reported a same-store sales increase in the low single digits in the first quarter.
HSBC Holdings decreased 0.1% to HK $85.60, ICBC edged lower 0.03% to HK $5.52, Bank of Communications fell 0.3% to HK $6.83, and China Construction Bank decreased 0.5% to HK $6.83.
Alibaba Group Holding increased 0.7% to HK $116.90, Tencent Holdings fell 0.5% to HK $475.70, and Meituan added 4.7% to HK $134.30.
China Markets Cautious Ahead of Bank Earnings, Policymakers Vow to Cushion Economy from U.S.-led Trade War
Li Chen
29 Apr, 2025
Hong Kong
Stock market indexes in China and Hong Kong traded in a tight range, and investors looked ahead to earnings from leading banks.
The Hang Seng index gained 0.4%, and the mainland-focused CSI 300 index declined 0.2%, amid ongoing trade tensions with the U.S.
ICBC, HSBC, and China Construction Bank are scheduled to release their earnings later today, and they are expected to deliver results that exceed market expectations.
Investors remain optimistic about the stock market trajectory despite the elevated trade tensions between the U.S. and China, and policymakers in Beijing reiterated their commitment to achieving economic growth of 5% in 2025.
Of the 470 million employed across all industries in China, about 12 million people are directly or indirectly linked with U.S. exports, according to a review of various government and private data available in China.
China's top planning agency and Politburo reassured markets on Friday and Monday that the central government is prepared to help firms and people who are negatively impacted by the U.S. import taxes as high as 145%.
China Indexes and Stocks
The Hang Seng index gained 0.4% to 22,062.02, and the mainland-focused CSI 300 index decreased 0.2% to 3,775.27.
Li Ning Co. Ltd. declined 2% to HK $14.60, and the sporting goods retailer reported a same-store sales increase in the low single digits in the first quarter.
HSBC Holdings decreased 0.1% to HK $85.60, ICBC edged lower 0.03% to HK $5.52, Bank of Communications fell 0.3% to HK $6.83, and China Construction Bank decreased 0.5% to HK $6.83.
Alibaba Group Holding increased 0.7% to HK $116.90, Tencent Holdings fell 0.5% to HK $475.70, and Meituan added 4.7% to HK $134.30.
Earnings and Jobs Reports This Week Eyed to Assess Tariffs Damage
Barry Adams
28 Apr, 2025
San Francisco
Benchmark indexes traded down as the busy week of earnings and economic data releases got off to a start.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.2% as investors await the release of earnings from 200 leading corporations this week.
Investors are holding out for leading tech companies to surpass earnings expectations, and Apple, Microsoft, Amazon.com, and Meta Platforms are scheduled to release their results this week.
Moreover, investors are looking ahead to quarterly results from Qualcomm, Caterpillar, Exxon Mobil, Chevron, Nucor Corp., and Coca-Cola Company.
This week will mark the end of the most volatile month on record in trading on Wall Street.
Market indexes plunged as much as 10% and then recovered the next day after the Trump administration introduced sweeping import taxes and walked back on some of the measures.
Moreover, Donald Trump attacked the independence and the autonomy of the U.S. Federal Reserve, unnerving global investors and setting off a sharp sell-off in the bond market.
However, the White House was forced to reverse course and assure the market that Trump is not looking to fire the Fed Chair Jerome Powell.
So far in April, the S&P 500 is down by 1.5%, and the Nasdaq Composite is up 0.5%.
In the week ahead, investors are looking ahead to the release of the job openings and non-farm payroll reports, two key job market reports that could provide deeper insights on the possible impact of Trump tariffs.
In addition, manufacturing surveys, the GDP growth rate, and the PCE Price Index, the alternative measure of inflation preferred by the Fed, are also on schedule.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.5% to 5,552.22, the Nasdaq Composite edged up 0.4% to 17,455.33, and the Russell 2000 index was up 0.5% to 1,967.08.
The yield on 2-year Treasury notes edged higher to 3.77%, 10-year Treasury notes increased to 4.29%, and 30-year Treasury bonds advanced to 4.75%.
WTI crude oil decreased $0.11 to $62.91 a barrel, and natural gas prices edged higher by $0.02 to $3.13 a thermal unit.
Gold decreased by $20.65 to 3,299.62 an ounce, and silver edged down by $0.01 to $33.07.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.14 to 99.61, and it traded at the lowest level since April 2022.
U.S. Stock Movers
Domino's Pizza decreased 1.8% to $480.0 after the pizza chain reported mixed quarterly results.
U.S. same-store sales decreased 0.5%, and first-quarter sales were $1.11 billion, and earnings per share were $4.33.
AutoNation Inc. increased 1% to $175.09, and the automotive dealer chain reported an 8% decline in earnings and a 3% rise in revenue in the first quarter.
HCA Healthcare extended two-day losses to 4%, $326.87, and the hospital chain reported a weaker-than-expected increase in revenue.
Earnings and Jobs Report This Week Eyed to Assess Tariffs Damage
Barry Adams
28 Apr, 2025
San Francisco
Benchmark indexes traded down as the busy week of earnings and economic data releases got off to a start.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.2% as investors await the release of earnings from 200 leading corporations this week.
Investors are holding out for leading tech companies to surpass earnings expectations, and Apple, Microsoft, Amazon.com, and Meta Platforms are scheduled to release their results this week.
Moreover, investors are looking ahead to quarterly results from Qualcomm, Caterpillar, Exxon Mobil, Chevron, Nucor Corp., and Coca-Cola Company.
This week will mark the end of the most volatile month on record in trading on Wall Street.
Market indexes plunged as much as 10% and then recovered the next day after the Trump administration introduced sweeping import taxes and walked back on some of the measures.
Moreover, Donald Trump attacked the independence and the autonomy of the U.S. Federal Reserve, unnerving global investors and setting off a sharp sell-off in the bond market.
However, the White House was forced to reverse course and assure the market that Trump is not looking to fire the Fed Chair Jerome Powell.
So far in April, the S&P 500 is down by 1.5%, and the Nasdaq Composite is up 0.5%.
In the week ahead, investors are looking ahead to the release of the job openings and non-farm payroll reports, two key job market reports that could provide deeper insights on the possible impact of Trump tariffs.
In addition, manufacturing surveys, the GDP growth rate, and the PCE Price Index, the alternative measure of inflation preferred by the Fed, are also on schedule.
U.S. Stock Movers
Domino's Pizza decreased 1.8% to $480.0 after the pizza chain reported mixed quarterly results.
U.S. same-store sales decreased 0.5%, and first-quarter sales were $1.11 billion, and earnings per share were $4.33.
AutoNation Inc. increased 1% to $175.09, and the automotive dealer chain reported an 8% decline in earnings and a 3% rise in revenue in the first quarter.
HCA Healthcare extended two-day losses to 4%, $326.87, and the hospital chain reported a weaker-than-expected increase in revenue.
European Markets Edged Higher In Cautious Trading Ahead of Earnings Results
Bridgette Randall
28 Apr, 2025
London
Stock market indexes across the eurozone advanced in Monday's trading and extended April gains as earnings season got underway.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced amid cooling trade tensions with the U.S.
Despite the recent gains in stock market indexes, investor sentiment remains fragile amid the weakening economic outlook and macro headwinds faced by the four largest export-driven economies of the eurozone—Germany, France, Italy, and Spain.
Market sentiment was bolstered in the previous week after corporate earnings either met or surpassed low expectations, but several companies refrained from providing annual outlooks, citing elevated economic and trade uncertainties.
Investors are looking ahead to the release of Eurozone consumer confidence and inflation expectations and manufacturing business activities in France, Germany, the UK, and the Eurozone.
The UK, Germany, and Spain’s retail sales are also scheduled for the week ahead.
In the UK, the Nationwide House Price Index is expected to provide insights into market trends after recent tax changes.
On the earnings front in Europe, markets are looking ahead to the results from Schneider Electric, Deutsche Börse, AstraZeneca, Novartis, HSBC Holdings, BP PLC, Deutsche Bank, Porsche, Airbus, Shell plc, London Stock Exchange, Lloyds Banking, and BASF.
Europe Indexes and Yields
The DAX index increased by 0.4% to 22,323.59, the CAC-40 index edged higher by 0.5% to 7,577.00, and the FTSE 100 index advanced by 0.4% to 8,446.04.
The yield on 10-year German bonds inched higher to 2.50%, French bonds increased to 3.22%, the UK gilts moved up to 4.49%, and Italian bonds edged higher to 3.61%.
The euro decreased to $1.13; the British pound was lower at $1.33; and the U.S. dollar was higher and traded at 83.01 Swiss cents.
Brent crude increased $0.17 to $67.04 a barrel, and the Dutch TTF natural gas was higher by €0.38 to €32.35 per MWh.
Europe Movers
Vivendi SE decreased 3% to €2.53 after the French media company reported a modest increase in revenue in the first quarter.
Revenue inched up 0.6% to €69.4 million from €69.0 million a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 billion, compared to €2.072 billion sequentially in the previous quarter.
Net debt declined after the company used €684 million of proceeds from the 15% sale in Italy-based mobile telephone company TIM to Poste Italiane to repay some of its outstanding debt.
European Markets Edged Higher In Cautious Trading Ahead of Earnings Results
Bridgette Randall
28 Apr, 2025
London
Stock market indexes across the eurozone advanced in Monday's trading and extended April gains as earnings season got underway.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced amid cooling trade tensions with the U.S.
Despite the recent gains in stock market indexes, investor sentiment remains fragile amid the weakening economic outlook and macro headwinds faced by the four largest export-driven economies of the eurozone—Germany, France, Italy, and Spain.
Market sentiment was bolstered in the previous week after corporate earnings either met or surpassed low expectations, but several companies refrained from providing annual outlooks, citing elevated economic and trade uncertainties.
Investors are looking ahead to the release of Eurozone consumer confidence and inflation expectations and manufacturing business activities in France, Germany, the UK, and the Eurozone.
The UK, Germany, and Spain’s retail sales are also scheduled for the week ahead.
In the UK, the Nationwide House Price Index is expected to provide insights into market trends after recent tax changes.
On the earnings front in Europe, markets are looking ahead to the results from Schneider Electric, Deutsche Börse, AstraZeneca, Novartis, HSBC Holdings, BP PLC, Deutsche Bank, Porsche, Airbus, Shell plc, London Stock Exchange, Lloyds Banking, and BASF.
Europe Indexes and Yields
The DAX index increased by 0.4% to 22,323.59, the CAC-40 index edged higher by 0.5% to 7,577.00, and the FTSE 100 index advanced by 0.4% to 8,446.04.
The yield on 10-year German bonds inched higher to 2.50%, French bonds increased to 3.22%, the UK gilts moved up to 4.49%, and Italian bonds edged higher to 3.61%.
The euro decreased to $1.13; the British pound was lower at $1.33; and the U.S. dollar was higher and traded at 83.01 Swiss cents.
Brent crude increased $0.17 to $67.04 a barrel, and the Dutch TTF natural gas was higher by €0.38 to €32.35 per MWh.
Europe Movers
Vivendi SE decreased 3% to €2.53 after the French media company reported a modest increase in revenue in the first quarter.
Revenue inched up 0.6% to €69.4 million from €69.0 million a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 billion, compared to €2.072 billion sequentially in the previous quarter.
Net debt declined after the company used €684 million of proceeds from the 15% sale in Italy-based mobile telephone company TIM to Poste Italiane to repay some of its outstanding debt.
Europe Movers: Vivendi
Inga Muller
28 Apr, 2025
Frankfurt
Vivendi SE traded down 2.6% to €2.53 after the French media company reported a slight increase in revenue in the first quarter of 2025.
Revenue inched up 0.6% to €69.4 million from €69.0 million a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 billion, compared to €2.072 billion sequentially in the previous quarter.
Net debt declined after the company used €684 million of proceeds from the 15% sale in Italy-based mobile telephone company TIM to Poste Italiane to repay some of its outstanding debt.
Europe Movers: Vivendi
Inga Muller
28 Apr, 2025
Frankfurt
Vivendi SE traded down 2.6% to €2.53 after the French media company reported a slight increase in revenue in the first quarter of 2025.
Revenue inched up 0.6% to €69.4 billion from €69.0 billion a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 million, compared to €2.072 million sequentially in the previous quarter.
U.S. Movers: Alphabet, AutoNation, HCA Healthcare, Intel, PepsiCo, Valero Energy
Scott Peters
28 Apr, 2025
New York City
Intel Corp. eased 0.1% to $20.02 after the technology company reported first-quarter 2025 results.
Revenue inched down to $12.67 billion from $12.72 billion, net loss widened to $821 million from a loss of $381 million, and diluted loss per share widened to 19 cents from a loss of 9 cents a year ago.
The company guided second-quarter 2025 revenue to be between $11.2 billion and $12.4 billion, compared to $12.83 billion in 2024, and net loss per share of 32 cents, compared to a loss of 38 cents a year earlier.
Valero Energy Corp. gained 0.4% to $113.87 after the energy company reported first-quarter 2025 results.
Revenue edged down to $30.26 billion from $31.76 billion, net income swung to a loss of $595 million from a profit of $1.24 billion, and diluted earnings per share swung to a loss of $1.90 from a profit of $3.75 a year ago.
The company returned $633 million to shareholders through dividends and stock buybacks, and it announced a quarterly cash dividend of $1.13 per share.
Alphabet Inc. eased 0.2% to $161.70 after the parent company of the Google search engine reported first-quarter 2025 results.
Revenue surged to $90.23 billion from $80.54 billion, net income jumped to $34.54 billion from $23.66 billion, and diluted earnings per share rose to $2.81 from $1.89 a year ago.
The company announced a quarterly cash dividend of 21 cents per share, an increase of 5% from the prior dividend of 20 cents per share, payable on June 16 to shareholders on record as of June 9.
During the quarter, Alphabet paid a total of $2.4 billion in dividends, and on April 23, the company issued an authorization to repurchase $70.0 billion of Class A and Class C shares.
PepsiCo Inc. gained 0.3% to $133.74 after the beverage company reported first-quarter 2025 results.
Revenue declined to $17.92 billion from $18.25 billion, net income slipped to $1.83 billion from $2.04 billion, and diluted earnings per share fell to $1.33 from $1.48 a year ago.
The company guided fiscal 2025 revenue to increase by a low single-digit percent, compared to $91.85 billion in 2024, implying a 3% decline in core earnings per share, compared to $8.16 per share in 2024.
PepsiCo also estimated total cash returns to shareholders of approximately $8.6 billion, comprised of dividends of $7.6 billion and share repurchases of $1.0 billion.
AutoNation Inc. traded flat at $175.09 after the automotive retailer reported first-quarter 2025 results.
Revenue jumped 3% to $6.69 billion from $6.48 billion, net income edged down 8% to $175.5 million from $190.1 million, and diluted earnings per share fell 1% to $4.45 from $4.49 a year ago.
Same-store sales rose 4% in the quarter, driven by new vehicle growth of 10%, while used vehicle unit sales declined 2%.
The company completed acquisitions worth $70 million, adding $220 million of annualized revenue to the domestic and import segments.
AutoNation repurchased $225 million of stock during the quarter, and more than $607 million remained under repurchase authorization.
HCA Healthcare Inc. gained 0.02% to $328.00 after the hospital and clinic operator reported first-quarter 2025 results.
Revenue edged up to $18.32 billion from $17.34 billion, net income jumped to $1.61 billion from $1.59 billion, and diluted earnings per share rose to $6.45 from $5.93 a year ago.
The company announced a quarterly cash dividend of 72 cents per share, payable on June 30 to shareholders on record as of June 16.
During the first quarter, the healthcare company repurchased 7.762 million shares at a cost of $2.506 billion, and as of March 31, it had $8.259 billion remaining under repurchase authorization.
U.S. Movers: Alphabet, AutoNation, HCA Healthcare, Intel, PepsiCo, Valero Energy
Scott Peters
28 Apr, 2025
New York City
Intel Corp. eased 0.1% to $20.02 after the technology company reported first-quarter 2025 results.
Revenue inched down to $12.67 billion from $12.72 billion, net loss widened to $821 million from a loss of $381 million, and diluted loss per share widened to 19 cents from a loss of 9 cents a year ago.
The company guided second-quarter 2025 revenue to be between $11.2 billion and $12.4 billion, compared to $12.83 billion in 2024, and net loss per share of 32 cents, compared to a loss of 38 cents a year earlier.
Valero Energy Corp. gained 0.4% to $113.87 after the energy company reported first-quarter 2025 results.
Revenue edged down to $30.26 billion from $31.76 billion, net income swung to a loss of $595 million from a profit of $1.24 billion, and diluted earnings per share swung to a loss of $1.90 from a profit of $3.75 a year ago.
The company returned $633 million to shareholders through dividends and stock buybacks, and it announced a quarterly cash dividend of $1.13 per share.
Alphabet Inc. eased 0.2% to $161.70 after the parent company of the Google search engine reported first-quarter 2025 results.
Revenue surged to $90.23 billion from $80.54 billion, net income jumped to $34.54 billion from $23.66 billion, and diluted earnings per share rose to $2.81 from $1.89 a year ago.
The company announced a quarterly cash dividend of 21 cents per share, an increase of 5% from the prior dividend of 20 cents per share, payable on June 16 to shareholders on record as of June 9.
During the quarter, Alphabet paid a total of $2.4 billion in dividends, and on April 23, the company issued an authorization to repurchase $70.0 billion of Class A and Class C shares.
PepsiCo Inc. gained 0.3% to $133.74 after the beverage company reported first-quarter 2025 results.
Revenue declined to $17.92 billion from $18.25 billion, net income slipped to $1.83 billion from $2.04 billion, and diluted earnings per share fell to $1.33 from $1.48 a year ago.
The company guided fiscal 2025 revenue to increase by a low single-digit percent, compared to $91.85 billion in 2024, implying a 3% decline in core earnings per share, compared to $8.16 per share in 2024.
PepsiCo also estimated total cash returns to shareholders of approximately $8.6 billion, comprised of dividends of $7.6 billion and share repurchases of $1.0 billion.
AutoNation Inc. traded flat at $175.09 after the automotive retailer reported first-quarter 2025 results.
Revenue jumped 3% to $6.69 billion from $6.48 billion, net income edged down 8% to $175.5 million from $190.1 million, and diluted earnings per share fell 1% to $4.45 from $4.49 a year ago.
Same-store sales rose 4% in the quarter, driven by new vehicle growth of 10%, while used vehicle unit sales declined 2%.
The company completed acquisitions worth $70 million, adding $220 million of annualized revenue to the domestic and import segments.
AutoNation repurchased $225 million of stock during the quarter, and more than $607 million remained under repurchase authorization.
HCA Healthcare Inc. gained 0.02% to $328.00 after the hospital and clinic operator reported first-quarter 2025 results.
Revenue edged up to $18.32 billion from $17.34 billion, net income jumped to $1.61 billion from $1.59 billion, and diluted earnings per share rose to $6.45 from $5.93 a year ago.
The company announced a quarterly cash dividend of 72 cents per share, payable on June 30 to shareholders on record as of June 16.
During the first quarter, the healthcare company repurchased 7.762 million shares at a cost of $2.506 billion, and as of March 31, it had $8.259 billion remaining under repurchase authorization.
Tokyo Indexes Extended April Gains Ahead of BoJ Rate Decisions, Yen Edged Lower
Akira Ito
28 Apr, 2025
Tokyo
The decline in yen supported gains in stock market indexes in Tokyo's trading on Monday.
The Nikkei 225 Stock Average rose as much as 1%, and the broader Topix index advanced as much as 1.2%, extending gains of the previous week.
Market sentiment remained positive as investors awaited the release of corporate results, and the weakening of the yen from a multi-month high boosted optimism.
Industrial stocks led the gainers in Tokyo, despite the ongoing trade tensions with the U.S., amid hopes of earnings surpassing market expectations.
Investors are looking ahead to the release of several key economic metrics this week in addition to earnings from Hitachi and Mitsubishi Electric and other leading industrial companies.
On the economic front, retail sales and industrial production data are set to be released on Tuesday, housing starts and construction orders on Wednesday, and consumer confidence and the au Jibun manufacturing activities survey on Thursday.
Moreover, the Bank of Japan is expected to hold interest rates steady this week, but investors are looking for a rate path outlook and policymakers views on economic growth in the current fiscal year.
The central bank is widely expected to signal higher interest rates later in the year as sustainable inflation has finally arrived in Japan, driven by steady increases in wages at large companies.
Japan's financial markets are closed on Tuesday for a public holiday.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.4% to 35,861.01, and the broader Topix index advanced 1% to 2,654.60.
Mitsubishi Heavy Industries rose 2.2% to ¥2,822.0, Kawasaki Heavy Industries added 1.8% to ¥8,496.0, and Toyota Industries advanced 0.2% to ¥13,225.0.
Semiconductor equipment makers turned lower following recent gains after investors booked profit.
Tokyo Electron edged down 0.2% to ¥21,230.0, Advantest Corp. dropped 5.2% to ¥5,687.0, and Disco Corp. decreased 3.8% to ¥27,635.0.
Itochu Corp. jumped 2% to ¥7,277.0, Marubeni Corp. added 1.4% to ¥2,531.0, Mitsubishi Corp. gained 1.4% to ¥2,714.50, and Mitsui & Company increased 1.5% to ¥2,863.0.
Tokyo Indexes Extended April Gains Ahead of BoJ Rate Decisions, Yen Edged Lower
Akira Ito
28 Apr, 2025
Tokyo
The decline in yen supported gains in stock market indexes in Tokyo's trading on Monday.
The Nikkei 225 Stock Average rose as much as 1%, and the broader Topix index advanced as much as 1.2%, extending gains of the previous week.
Market sentiment remained positive as investors awaited the release of corporate results, and the weakening of the yen from a multi-month high boosted optimism.
Industrial stocks led the gainers in Tokyo, despite the ongoing trade tensions with the U.S., amid hopes of earnings surpassing market expectations.
Investors are looking ahead to the release of several key economic metrics this week in addition to earnings from Hitachi and Mitsubishi Electric and other leading industrial companies.
On the economic front, retail sales and industrial production data are set to be released on Tuesday, housing starts and construction orders on Wednesday, and consumer confidence and the au Jibun manufacturing activities survey on Thursday.
Moreover, the Bank of Japan is expected to hold interest rates steady this week, but investors are looking for a rate path outlook and policymakers views on economic growth in the current fiscal year.
The central bank is widely expected to signal higher interest rates later in the year as sustainable inflation has finally arrived in Japan, driven by steady increases in wages at large companies.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.4% to 35,861.01, and the broader Topix index advanced 1% to 2,654.60.
Mitsubishi Heavy Industries rose 2.2% to ¥2,822.0, Kawasaki Heavy Industries added 1.8% to ¥8,496.0, and Toyota Industries advanced 0.2% to ¥13,225.0.
Semiconductor equipment makers turned lower following recent gains after investors booked profit.
Tokyo Electron edged down 0.2% to ¥21,230.0, Advantest Corp. dropped 5.2% to ¥5,687.0, and Disco Corp. decreased 3.8% to ¥27,635.0.
Itochu Corp. jumped 2% to ¥7,277.0, Marubeni Corp. added 1.4% to ¥2,531.0, Mitsubishi Corp. gained 1.4% to ¥2,714.50, and Mitsui & Company increased 1.5% to ¥2,863.0.