Market Update
U.S. Stocks Advanced Amid Skepticism About Trade Deal Claims
Barry Adams
08 May, 2025
New York City
U.S. market indexes advanced for the second consecutive day amid claims of progress on trade agreements. and positive earnings.
The S&P 500 index edged up 0.2%, and the Nasdaq Composite advanced 0.4% as investors bid up artificial intelligence-linked semiconductor stocks.
However, gains on Wall Street were muted after the Federal Reserve announced its rate decisions on Wednesday and issued cautious comments.
The Federal Reserve held the fed funds rate range between 4.25% and 4.50% and decided to take a wait-and-see approach on the proposed tariffs by the Trump administration.
At a press conference after the rate decisions, Fed Chair Jerome Powell ruled out the preemptive rate cut to soften the impact of sky-high import taxes announced by the Trump administration and supported by the Republican Congress.
If the proposed tariffs were implemented, they could slow down U.S. economic growth, reignite inflation, and elevate long-term unemployment, added Powell.
Investors have been holding out for swift progress on US-China tariff discussions in Switzerland amid a sharp slowdown in container ship bookings.
US-China trade talks are likely to show little progress, as the Trump administration has still not set priorities and a demand list. Moreover, China has lined up suppliers in Brazil, Argentina, and Peru for its agricultural product imports.
Investors remained skeptical about the proposed US-UK comprehensive trade deal, which is short on details and long on future promises.
However, the base tariff rate of 10% on the goods imported from the U.K. will remain in place.
Container shipping companies in China are signaling a sharp decline of 60% in bookings for container shipments compared to June departures, as many factories in China are experiencing order cancelations from U.S. importers.
The makers of consumer goods in Ningbo, Dongguan, Suzhou, and Shenzhen have started laying off manufacturing staff and curtailed business operations to only three days a week, according to several companies interviewed by Ticker.com.
So far, the impact of higher tariffs on four key trading partners—Mexico, Canada, Japan, and China—has not been felt by U.S. consumers, employees, and logistics companies.
U.S. weekly jobless claims for the week ending May 3 declined 13,000 to 228,000, according to the latest update from the U.S. Department of Labor.
The continuing claims, tracking longer-term jobless claims, which runs one week behind, also eased 29,000 to 1.88 million.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.6% to 5,663.03, the Nasdaq Composite edged up 0.8% to 17,877.05, and the Russell 2000 index advanced 1.4% to 2,011.41.
The yield on 2-year Treasury notes edged higher to 3.82%, 10-year Treasury notes increased to 4.30%, and 30-year Treasury bonds advanced to 4.78%.
WTI crude oil increased $1.13 to $59.20 a barrel, and natural gas prices edged higher by $0.02 to $3.64 a thermal unit.
Gold decreased by $13.78 to 3,363.24 an ounce, and silver edged up by $0.07 to $32.52.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.33 to 99.94, and it traded at the lowest level since April 2022.
U.S. Stock Movers
Arm Holdings PLC decreased 7.8% to $114.40 after the advanced chip designer estimated fiscal first quarter adjusted earnings per share between 30 cents and 38 cents, sharply lower than market expectation of at least 43 cents.
AppLovin Corp. surged 13% to $343.03, and the mobile game developer studio and platform operator reported better-than-expected quarterly results.
Moreover, the company said it has agreed to sell its mobile gaming business to Tripledot Studios for about $400 million in cash and a 20% equity stake in the company.
Skyworks Solutions declined 2.5% to $65.30 despite the semiconductor company reporting better-than-expected quarterly earnings and forecasting upbeat earnings for the fiscal third quarter.
U.S. Stocks Advanced Amid Skepticism About Trade Deal Claims
Barry Adams
08 May, 2025
New York City
U.S. market indexes advanced for the second consecutive day amid claims of progress on trade agreements. and positive earnings.
The S&P 500 index edged up 0.2%, and the Nasdaq Composite advanced 0.4% as investors bid up artificial intelligence-linked semiconductor stocks.
However, gains on Wall Street were muted after the Federal Reserve announced its rate decisions on Wednesday and issued cautious comments.
The Federal Reserve held the fed funds rate range between 4.25% and 4.50% and decided to take a wait-and-see approach on the proposed tariffs by the Trump administration.
At a press conference after the rate decisions, Fed Chair Jerome Powell ruled out the preemptive rate cut to soften the impact of sky-high import taxes announced by the Trump administration and supported by the Republican Congress.
If the proposed tariffs were implemented, they could slow down U.S. economic growth, reignite inflation, and elevate long-term unemployment, added Powell.
Investors have been holding out for swift progress on US-China tariff discussions in Switzerland amid a sharp slowdown in container ship bookings.
US-China trade talks are likely to show little progress, as the Trump administration has still not set priorities and a demand list. Moreover, China has lined up suppliers in Brazil, Argentina, and Peru for its agricultural product imports.
Investors remained skeptical about the proposed US-UK comprehensive trade deal, which is short on details and long on future promises.
However, the base tariff rate of 10% on the goods imported from the U.K. will remain in place.
Container shipping companies in China are signaling a sharp decline of 60% in bookings for container shipments compared to June departures, as many factories in China are experiencing order cancelations from U.S. importers.
The makers of consumer goods in Ningbo, Dongguan, Suzhou, and Shenzhen have started laying off manufacturing staff and curtailed business operations to only three days a week, according to several companies interviewed by Ticker.com.
So far, the impact of higher tariffs on four key trading partners—Mexico, Canada, Japan, and China—has not been felt by U.S. consumers, employees, and logistics companies.
U.S. weekly jobless claims for the week ending May 3 declined 13,000 to 228,000, according to the latest update from the U.S. Department of Labor.
The continuing claims, tracking longer-term jobless claims, which runs one week behind, also eased 29,000 to 1.88 million.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.6% to 5,663.03, the Nasdaq Composite edged up 0.8% to 17,877.05, and the Russell 2000 index advanced 1.4% to 2,011.41.
The yield on 2-year Treasury notes edged higher to 3.82%, 10-year Treasury notes increased to 4.30%, and 30-year Treasury bonds advanced to 4.78%.
WTI crude oil increased $1.13 to $59.20 a barrel, and natural gas prices edged higher by $0.02 to $3.64 a thermal unit.
Gold decreased by $13.78 to 3,363.24 an ounce, and silver edged up by $0.07 to $32.52.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.33 to 99.94, and it traded at the lowest level since April 2022.
U.S. Stock Movers
Arm Holdings PLC decreased 7.8% to $114.40 after the advanced chip designer estimated fiscal first quarter adjusted earnings per share between 30 cents and 38 cents, sharply lower than market expectation of at least 43 cents.
AppLovin Corp. surged 13% to $343.03, and the mobile game developer studio and platform operator reported better-than-expected quarterly results.
Moreover, the company said it has agreed to sell its mobile gaming business to Tripledot Studios for about $400 million in cash and a 20% equity stake in the company.
Skyworks Solutions declined 2.5% to $65.30 despite the semiconductor company reporting better-than-expected quarterly earnings and forecasting upbeat earnings for the fiscal third quarter.
Sweden and Norway Hold Rates Steady, Germany's Trade Surplus Stays Surplus
Bridgette Randall
08 May, 2025
Frankfurt
European markets advanced as investors awaited bank rate decisions and the fresh batch of earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London traded higher amid optimism about corporate earnings and possible de-escalation of trade tensions with the U.S.
Sweden's Riksbank left its policy rate at 2.25%, citing a sharp shift in U.S. trade policy and a high level of uncertainty surrounding trade negotiations with the U.S.
The Bank of England is widely anticipated to lower its Bank Rate by 25 basis points to 4.25%, and the Norges Bank left its policy rate at 4.5% and signaled possible cuts later in the year.
“The committee has decided to keep the policy rate unchanged. Inflation is still above target.
If the policy rate is lowered prematurely, prices may continue to rise rapidly,” said Norges Bank's Deputy Governor Pål Longva.
On Wednesday, the U.S. Federal Reserve held steady its rate range between 4.25% and 4.50%, and Fed Chair Jerome Powell ruled out the preemptive rate cut to soften the impact of the Trump administration's tariffs.
Stable German Trade Surplus In March
Germany's seasonally and calendar-adjusted exports and imports advanced from the previous month and a year ago, and the trade surplus was stable, the Federal Statistical Office reported Thursday.
Exports increased 2.3% to €133.2 billion, imports advanced 2.3% to €112.1 billion, resulting in a trade surplus of €21.1 billion.
Exports to the U.S., Germany's largest partner, increased 2.4% from the previous month to €14.6 billion; to China jumped 10.2% to €7.5 billion; and to the U.K. fell by 2.8% to €6.4 billion.
Imports from China rose 9.6% to €14.7 billion, from the U.S. advanced 7.9% to €8.1 billion, and from the U.K. decreased 5.8% to €3.2 billion.
In the first quarter, Germany's total exports edged up 0.9% from a year ago to €349.3 billion.
Europe Indexes and Yields
The DAX index increased by 0.8% to 23,298.20, the CAC-40 index edged higher by 0.4% to 7,656.70, and the FTSE 100 index advanced 0.1% to 8,569.65.
The yield on 10-year German bonds inched higher to 2.48%, French bonds decreased to 3.19%, UK gilts moved down to 4.45%, and Italian bonds edged lower to 3.54%.
The euro decreased to $1.13; the British pound was lower at $1.33; and the U.S. dollar was higher and traded at 82.77 Swiss cents.
Brent crude increased $0.21 to $61.33 a barrel, and the Dutch TTF natural gas was higher by €0.42 to €34.67 per MWh.
Europe Movers
Siemens Energy jumped 3.1% to €73.16, and the company raised its forecast after strong quarterly results.
The renewable energy also sold a 90% stake in its wind energy businesses in India and Sri Lanka to a private equity group, TPG.
Puma SE jumped 6.7% to €24.94, and the athletic footwear maker reported stable first-quarter results and reiterated its outlook despite the company lacking a chief executive officer.
InBev AB jumped 1.7% to €57.50, and the alcoholic beverage company reported results at the top end of its guidance, driven by a better-than-expected sales mix.
AP Moeller-Maersk AS decreased 1.4% to DKK 11,130.0, and the shipping and port terminal manager reported a rise in operating earnings in the first quarter and reiterated its annual outlook.
Sweden and Norway Hold Rates Steady, Germany's Trade Surplus Stays Surplus
Bridgette Randall
08 May, 2025
Frankfurt
European markets advanced as investors awaited bank rate decisions and the fresh batch of earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London traded higher amid optimism about corporate earnings and possible de-escalation of trade tensions with the U.S.
Sweden's Riksbank left its policy rate at 2.25%, citing a sharp shift in U.S. trade policy and a high level of uncertainty surrounding trade negotiations with the U.S.
The Bank of England is widely anticipated to lower its Bank Rate by 25 basis points to 4.25%, and the Norges Bank left its policy rate at 4.5% and signaled possible cuts later in the year.
“The committee has decided to keep the policy rate unchanged. Inflation is still above target.
If the policy rate is lowered prematurely, prices may continue to rise rapidly,” said Norges Bank's Deputy Governor Pål Longva.
On Wednesday, the U.S. Federal Reserve held steady its rate range between 4.25% and 4.50%, and Fed Chair Jerome Powell ruled out the preemptive rate cut to soften the impact of the Trump administration's tariffs.
Stable German Trade Surplus In March
Germany's seasonally and calendar-adjusted exports and imports advanced from the previous month and a year ago, and the trade surplus was stable, the Federal Statistical Office reported Thursday.
Exports increased 2.3% to €133.2 billion, imports advanced 2.3% to €112.1 billion, resulting in a trade surplus of €21.1 billion.
Exports to the U.S., Germany's largest partner, increased 2.4% from the previous month to €14.6 billion; to China jumped 10.2% to €7.5 billion; and to the U.K. fell by 2.8% to €6.4 billion.
Imports from China rose 9.6% to €14.7 billion, from the U.S. advanced 7.9% to €8.1 billion, and from the U.K. decreased 5.8% to €3.2 billion.
In the first quarter, Germany's total exports edged up 0.9% from a year ago to €349.3 billion.
Europe Indexes and Yields
The DAX index increased by 0.8% to 23,298.20, the CAC-40 index edged higher by 0.4% to 7,656.70, and the FTSE 100 index advanced 0.1% to 8,569.65.
The yield on 10-year German bonds inched higher to 2.48%, French bonds decreased to 3.19%, UK gilts moved down to 4.45%, and Italian bonds edged lower to 3.54%.
The euro decreased to $1.13; the British pound was lower at $1.33; and the U.S. dollar was higher and traded at 82.77 Swiss cents.
Brent crude increased $0.21 to $61.33 a barrel, and the Dutch TTF natural gas was higher by €0.42 to €34.67 per MWh.
Europe Movers
Siemens Energy jumped 3.1% to €73.16, and the company raised its forecast after strong quarterly results.
The renewable energy also sold a 90% stake in its wind energy businesses in India and Sri Lanka to a private equity group, TPG.
Puma SE jumped 6.7% to €24.94, and the athletic footwear maker reported stable first-quarter results and reiterated its outlook despite the company lacking a chief executive officer.
InBev AB jumped 1.7% to €57.50, and the alcoholic beverage company reported results at the top end of its guidance, driven by a better-than-expected sales mix.
AP Moeller-Maersk AS decreased 1.4% to DKK 11,130.0, and the shipping and port terminal manager reported a rise in operating earnings in the first quarter and reiterated its annual outlook.
Europe Movers: Heidelberg Materials, Intercontinental Hotels, Mondi, Next, Siemens Energy
Inga Muller
08 May, 2025
Frankfurt
Siemens Energy AG dropped 2.7% to €70.98 after the German energy technology company reported second-quarter 2025 results.
Revenue increased 20.7% to €10.0 billion from €8.3 billion, net income jumped to €501 million from €108 million, and earnings per share rose to 50 cents from 8 cents a year ago.
Free cash flow pre-tax edged up sharply higher to €1.39 billion from €483 million in the prior year.
The company estimated full-year revenue growth in the range of 13% to 15%, compared to $34.46 billion in 2024, and net income of up to €1 billion, compared to €1.18 billion a year earlier.
The guidance excludes special items subsequent to the demerger of the energy business from Siemens Ltd., India.
Siemens Gamesa will divest 90% of its wind business in India and Sri Lanka to TPG Inc., retaining a 10% stake in the transferred business.
Free cash flow pre-tax in 2025 is updated to around €4 billion, compared to €1.86 billion in the previous year.
Heidelberg Materials AG traded flat at €177.00 after the German building materials company reported increased revenue in the first quarter of 2025.
Sales increased 5.1% to €4.71 billion from €4.48 billion, driven by comparable organic sales increase of 1.7% from a year ago.
The company said its earnings from current operations inched up 0.2% to €235 million from €232 million a year earlier, driven by a nearly 60% increase in the Africa, Mediterranean, and Western Asia regions, while elsewhere operations declined.
Next plc advanced 1.5% to 12,458 pence after the UK-based clothing retailer issued a first-quarter trading update.
Sales were up 11.4% from a year ago, sharply ahead of the company's estimate of 6.5%.
The company estimated full-year group profit before tax to grow by £14 million to £1.08 billion from the prior year.
The company is not increasing its sales guidance for the second quarter or the rest of the year because some of the first-quarter sales have been pulled forward from the second quarter.
Intercontinental Hotels Group plc gained 0.07% to 8,614 pence after the UK-based hotel chain operator released a first-quarter trading update.
Global revenue per available room increased 3.3%, with growth in the Americas of 3.5%, EMEAA up 5%, and Greater China down 3.5%.
The company opened 14,600 rooms across 86 hotels in the quarter, well over double the same period last year.
First-quarter global rooms revenue on a comparable basis for the group by 5%, driven by a 3% rise in the business segment and a 2% increase in leisure segment.
Mondi plc advanced 0.04% to 1,110.48 pence after the UK-based packaging and paper company posted a first-quarter trading update.
Underlying EBITDA for the quarter was €290 million, compared to €214 million a year ago, and the result includes a forestry fair value gain of €2 million, compared to a forestry fair value loss of €27 million subsequent to the December quarter.
“While the direct impact of announced tariffs on our operations is limited, we remain mindful of the potential second-order impacts that could affect trade flows, consumer confidence, and supply chains,” the company said in a release to investors.
Europe Movers: Heidelberg Materials, Intercontinental Hotels, Mondi, Next, Siemens Energy
Inga Muller
08 May, 2025
Frankfurt
Siemens Energy AG dropped 2.7% to €70.98 after the German energy technology company reported second-quarter 2025 results.
Revenue increased 20.7% to €10.0 billion from €8.3 billion, net income jumped to €501 million from €108 million, and earnings per share rose to 50 cents from 8 cents a year ago.
Free cash flow pre-tax edged up sharply higher to €1.39 billion from €483 million in the prior year.
The company estimated full-year revenue growth in the range of 13% to 15%, compared to $34.46 billion in 2024, and net income of up to €1 billion, compared to €1.18 billion a year earlier.
The guidance excludes special items subsequent to the demerger of the energy business from Siemens Ltd., India.
Siemens Gamesa will divest 90% of its wind business in India and Sri Lanka to TPG Inc., retaining a 10% stake in the transferred business.
Free cash flow pre-tax in 2025 is updated to around €4 billion, compared to €1.86 billion in the previous year.
Heidelberg Materials AG traded flat at €177.00 after the German building materials company reported increased revenue in the first quarter of 2025.
Sales increased 5.1% to €4.71 billion from €4.48 billion, driven by comparable organic sales increase of 1.7% from a year ago.
The company said its earnings from current operations inched up 0.2% to €235 million from €232 million a year earlier, driven by a nearly 60% increase in the Africa, Mediterranean, and Western Asia regions, while elsewhere operations declined.
Next plc advanced 1.5% to 12,458 pence after the UK-based clothing retailer issued a first-quarter trading update.
Sales were up 11.4% from a year ago, sharply ahead of the company's estimate of 6.5%.
The company estimated full-year group profit before tax to grow by £14 million to £1.08 billion from the prior year.
The company is not increasing its sales guidance for the second quarter or the rest of the year because some of the first-quarter sales have been pulled forward from the second quarter.
Intercontinental Hotels Group plc gained 0.07% to 8,614 pence after the UK-based hotel chain operator released a first-quarter trading update.
Global revenue per available room increased 3.3%, with growth in the Americas of 3.5%, EMEAA up 5%, and Greater China down 3.5%.
The company opened 14,600 rooms across 86 hotels in the quarter, well over double the same period last year.
First-quarter global rooms revenue on a comparable basis for the group by 5%, driven by a 3% rise in the business segment and a 2% increase in leisure segment.
Mondi plc advanced 0.04% to 1,110.48 pence after the UK-based packaging and paper company posted a first-quarter trading update.
Underlying EBITDA for the quarter was €290 million, compared to €214 million a year ago, and the result includes a forestry fair value gain of €2 million, compared to a forestry fair value loss of €27 million subsequent to the December quarter.
“While the direct impact of announced tariffs on our operations is limited, we remain mindful of the potential second-order impacts that could affect trade flows, consumer confidence, and supply chains,” the company said in a release to investors.
India Update
08 May, 2025
Select
Stock market indexes in Mumbai lacked direction amid rising tensions between India and Pakistan.
The Sensex and Nifty indexes edged up a fraction as investors reviewed the latest batch of earnings .
The rupee edged higher against the U.S. dollar and traded at a six-month low of 84.60 as foreign investors stepped up their purchases of Indian stocks.
The U.S. Federal Reserve held its target rate range between 4.25% and 4.50%, as widely anticipated, and Fed Chair Jerome Powell ruled out preemptive rate cuts to ward off the impact of tariffs.
Investors are still holding out for at least two interest rate cuts later in the year, but the sharp escalation in tariffs could delay cuts.
Stock Indexes and Bond Yields
The Sensex index advanced by 0.04% to 80,785.63, and the Nifty index decreased by 0.05% to 24,402.55.
On the Mumbai stock exchange, 30 stocks traded at their 52-week highs, and 40 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.34%, and the Indian rupee traded around a record increase of 84.78 against the U.S. dollar.
The gold price decreased by 0.8% to ₹96,301 per ten grams, and silver fell by 0.03% to ₹95,709 per kilo.
Crude oil gained 0.5% to ₹4981 per barrel, and natural gas increased by 1.2% to ₹308.40 per thermal unit.
India Stock Movers
Coal India advanced 0.5% to ₹385.20 after the mining company reported consolidated profit increased 12% from a year ago.
Nazara Technologies increased 1.9% to ₹1,092.40, and the company received NCLT's approval to acquire Smaaash Entertainment.
Dabur India declined 2.8% to ₹468.50 after the consumer product company reported muted fiscal fourth-quarter earnings.
Kfiin Technologies Ltd. decreased 1.4% to ₹1,096.0 on a report that the private equity group General Atlantic is looking to sell its entire 6% stake.
Japan Indexes Gyrate Amid U.S. Trade Negotiation Uncertainty
Akira Ito
08 May, 2025
Tokyo
Japan's benchmark indexes advanced and reversed losses in the previous session.
The Nikkei 225 Stock Average gained 0.4%, and the broader Topix index edged up 0.1%, led by a rise in semiconductor equipment stocks.
The gain in Tokyo stock reflected the advance in U.S. indexes in overnight trading after the U.S. Federal Reserve held steady its target rate range between 4.25% and 4.50%.
Fed Chair Jerome Powell ruled out a preemptive rate cut ahead of the visible impact of the Trump administration's tariffs.
The Bank of Japan's latest meeting minutes showed that policymakers prefer to raise rates in the months ahead if Japan's economic growth and inflation meet the central bank's targets.
Japan's trade negotiators held out for an agreement as early as next month, but both sides remain far apart on tariff levels and non-tariff trade barriers.
The Japanese yen traded at 143.95 against the U.S. dollar after the Bank of Japan released its minutes of the latest policy meeting.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.4% to 36,932.95, and the broader TOPIX edged up 0.1% to 2,699.53.
Tokyo Electron advanced 2.5% to ¥22,455.0, Advantest Corp. gained 4% to ¥6,601.0, and Disco Corp. increased 5.7% to ¥30,410.0.
Seven & I Holdings Co. Ltd. increased 0.8% to ¥2,210.50, and Mercari Inc. increased 2.4% to ¥2,363.0. Takashimaya Co. Ltd. edged 0.6% to ¥1,100.0, Isetan Mitsukoshi Holdings Ltd. advanced 1.3%, and Fast Retailing Co. Ltd. edged up 0.1% to ¥47,400.0.
Japan Indexes Gyrate Amid U.S. Trade Negotiation Uncertainty
Akira Ito
08 May, 2025
Tokyo
Japan's benchmark indexes advanced and reversed losses in the previous session.
The Nikkei 225 Stock Average gained 0.4%, and the broader Topix index edged up 0.1%, led by a rise in semiconductor equipment stocks.
The gain in Tokyo stock reflected the advance in U.S. indexes in overnight trading after the U.S. Federal Reserve held steady its target rate range between 4.25% and 4.50%.
Fed Chair Jerome Powell ruled out a preemptive rate cut ahead of the visible impact of the Trump administration's tariffs.
The Bank of Japan's latest meeting minutes showed that policymakers prefer to raise rates in the months ahead if Japan's economic growth and inflation meet the central bank's targets.
Japan's trade negotiators held out for an agreement as early as next month, but both sides remain far apart on tariff levels and non-tariff trade barriers.
The Japanese yen traded at 143.95 against the U.S. dollar after the Bank of Japan released its minutes of the latest policy meeting.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.4% to 36,932.95, and the broader TOPIX edged up 0.1% to 2,699.53.
Tokyo Electron advanced 2.5% to ¥22,455.0, Advantest Corp. gained 4% to ¥6,601.0, and Disco Corp. increased 5.7% to ¥30,410.0.
Seven & I Holdings Co. Ltd. increased 0.8% to ¥2,210.50, and Mercari Inc. increased 2.4% to ¥2,363.0. Takashimaya Co. Ltd. edged 0.6% to ¥1,100.0, Isetan Mitsukoshi Holdings Ltd. advanced 1.3%, and Fast Retailing Co. Ltd. edged up 0.1% to ¥47,400.0.
U.S. Movers: Carvana, Costco, DoorDash, Uber, Walt Disney
Scott Peters
08 May, 2025
New York City
Costco Wholesale Corp. gained 0.2% to $1,007.15 after the wholesale retailer reported sales results for the 35 weeks ending in May.
Net sales increased 8.2% to $180.05 billion from $166.44 billion a year ago, as comparable store sales edged up 5.9% for the first 35 weeks.
Total comparable store sales climbed 4.4% in April, of which U.S. sales were up 5.2%, sales in Canada jumped 1.5%, and sales in the other international segment rose 3.2%.
E-commerce sales increased 12.6% in April and 16.3% for the 35-week period.
Carvana Co. surged 3.02% to $266.99 after the online used car retailer reported first-quarter 2025 results.
Revenue edged up to $4.23 billion from $3.06 billion, and net income jumped to $373 million from $49 million a year ago.
Adjusted EBITDA came in at $488 million, compared to $235 million a year earlier.
During the quarter, Carvana sold 133,898 retail units, an increase of 46% from 91,878 retail units in the prior year.
Uber Technologies Inc. eased 1.9% to $84.18 after the ride-hailing and delivery services provider reported first-quarter 2025 results.
Revenue jumped to $11.53 billion from $10.13 billion, net income swung to a profit of $1.78 billion from a loss of $654 million, and diluted earnings per share swung to a profit of 83 cents from a loss of 32 cents a year ago.
Gross bookings grew 14% to $42.8 billion from the prior year, or 18% on a constant currency basis, and trips during the quarter grew 18% to 3.0 billion.
The company estimated second-quarter gross bookings to be between $45.75 billion and $47.25 billion, an increase of 16% to 20% from a year earlier, and adjusted EBITDA to be between $2.02 billion and $2.12 billion, an increase of 29% to 35% from a year ago.
The Walt Disney Co. advanced 10.4% to $101.66 after the media and resort company reported second-quarter 2025 results.
Revenue edged up to $23.62 billion from $22.08 billion, net income swung to a profit of $3.27 billion from a loss of $20 million, and diluted earnings per share swung to a profit of $1.81 from a loss of 1 cent a year ago.
The company estimated full-year adjusted earnings per share to be $5.75, an increase of 16% from the prior year, including an equity loss of approximately $300 million from the company’s joint venture in India.
DoorDash Inc. eased 3.9% to $182.72 after the food delivery company reported first-quarter 2025 results.
Revenue climbed to $3.03 billion from $2.51 billion, net income swung to a profit of $193 million from a loss of $23 million, and diluted earnings per share swung to a profit of 44 cents from a loss of 6 cents a year ago.
Total orders in the quarter amounted to 732 million, compared to 620 million in the prior year.
The company has proposed to acquire UK-based Deliveroo in a deal valuing the British rival at about £2.9 billion or $3.85 billion.
DoorDash aims to expand its presence overseas after previously snapping up Finland’s food delivery app Wolt in 2022 for €7 billion or $7.9 billion.
U.S. Movers: Carvana, Costco, DoorDash, Uber, Walt Disney
Scott Peters
08 May, 2025
New York City
Costco Wholesale Corp. gained 0.2% to $1,007.15 after the wholesale retailer reported sales results for the 35 weeks ending in May.
Net sales increased 8.2% to $180.05 billion from $166.44 billion a year ago, as comparable store sales edged up 5.9% for the first 35 weeks.
Total comparable store sales climbed 4.4% in April, of which U.S. sales were up 5.2%, sales in Canada jumped 1.5%, and sales in the other international segment rose 3.2%.
E-commerce sales increased 12.6% in April and 16.3% for the 35-week period.
Carvana Co. surged 3.02% to $266.99 after the online used car retailer reported first-quarter 2025 results.
Revenue edged up to $4.23 billion from $3.06 billion, and net income jumped to $373 million from $49 million a year ago.
Adjusted EBITDA came in at $488 million, compared to $235 million a year earlier.
During the quarter, Carvana sold 133,898 retail units, an increase of 46% from 91,878 retail units in the prior year.
Uber Technologies Inc. eased 1.9% to $84.18 after the ride-hailing and delivery services provider reported first-quarter 2025 results.
Revenue jumped to $11.53 billion from $10.13 billion, net income swung to a profit of $1.78 billion from a loss of $654 million, and diluted earnings per share swung to a profit of 83 cents from a loss of 32 cents a year ago.
Gross bookings grew 14% to $42.8 billion from the prior year, or 18% on a constant currency basis, and trips during the quarter grew 18% to 3.0 billion.
The company estimated second-quarter gross bookings to be between $45.75 billion and $47.25 billion, an increase of 16% to 20% from a year earlier, and adjusted EBITDA to be between $2.02 billion and $2.12 billion, an increase of 29% to 35% from a year ago.
The Walt Disney Co. advanced 10.4% to $101.66 after the media and resort company reported second-quarter 2025 results.
Revenue edged up to $23.62 billion from $22.08 billion, net income swung to a profit of $3.27 billion from a loss of $20 million, and diluted earnings per share swung to a profit of $1.81 from a loss of 1 cent a year ago.
The company estimated full-year adjusted earnings per share to be $5.75, an increase of 16% from the prior year, including an equity loss of approximately $300 million from the company’s joint venture in India.
DoorDash Inc. eased 3.9% to $182.72 after the food delivery company reported first-quarter 2025 results.
Revenue climbed to $3.03 billion from $2.51 billion, net income swung to a profit of $193 million from a loss of $23 million, and diluted earnings per share swung to a profit of 44 cents from a loss of 6 cents a year ago.
Total orders in the quarter amounted to 732 million, compared to 620 million in the prior year.
The company has proposed to acquire UK-based Deliveroo in a deal valuing the British rival at about £2.9 billion or $3.85 billion.
DoorDash aims to expand its presence overseas after previously snapping up Finland’s food delivery app Wolt in 2022 for €7 billion or $7.9 billion.
China Indexes Extend 6-Day Rally, Auntea Jenny Soared On Hong Kong Debut
Li Chen
08 May, 2025
Hong Kong
China and Hong Kong indexes advanced for the sixth consecutive session after Beijing announced more measures to support investor and consumer confidence.
The Hang Seng index increased more than 1%, and the mainland-focused CSI 300 index edged up 0.6% as investors welcomed regulatory measures to stabilize financial markets.
The Hong Kong Monetary Authority left its rate unrevised at 4.75%, reflecting the U.S. Federal Reserve's move to hold its target rate range between 4.25% and 4.50%.
The U.S. Federal Reserve provided few insights into the future rate path direction and added that it will review the potential impact of the U.S. tariffs on inflation and the broader economy.
Investors remained optimistic as benchmark indexes in China and Hong Kong wiped out most of the losses since the chaotic introduction of U.S. tariffs, with the heaviest burden on China.
The Hang Seng index is down only 2.4% from April 2 after falling by as much as 10% before recovering over the next five weeks.
The Hong Kong index is still down 5% from the peak on March 19 but up 14% in the year so far as of close on Thursday.
On Wednesday, after a five-day rally, investors booked profit, and mainland China investors sold stocks and exchange-traded funds worth HK $7.87 billion through the Stock Connect program.
China Indexes and Stocks
The Hang Seng index gained 1.1% to 22,939.28, and the mainland-focused CSI 300 index edged higher by 0.6% to 3,831.63.
Advanced chip stocks were in focus after the Trump administration said it plans to replace the President Biden-era restrictions on artificial chip exports targeting China.
Semiconductor Manufacturing International Corp. declined 1.5% to HK $45.40.
Electric vehicle makers led gainers in Hong Kong and Shanghai trading.
BYD jumped 0.2% to HK $385.20, Geely Automobile Holdings gained 4.5% to HK $17.54, and Li Auto advanced 5.5% to HK $107.90.
Auntea Jenny soared more than 60% on the first day of trading on the Hong Kong Stock Exchange after the bubble team company priced its initial public offering.
Auntea Jenny traded at HK $172.80 after rising as high as HK $183.30 at the opening on the Hong Kong Stock Exchange.
The company sold 2.4 million shares and raised HK$272.8 million after the bubble tea company priced its offering at HK$113.12 per share.
The franchise chain operates 9,176 stores in 300 cities across China and generated annual revenue in 2024 of 3.3 billion yuan, with an average gross order per store of 27 yuan and a net income of 328.9 million yuan.
China Indexes Extend 6-Day Rally, Auntea Jenny Soared On Hong Kong Debut
Li Chen
08 May, 2025
Hong Kong
China and Hong Kong indexes advanced for the sixth consecutive session after Beijing announced more measures to support investor and consumer confidence.
The Hang Seng index increased more than 1%, and the mainland-focused CSI 300 index edged up 0.6% as investors welcomed regulatory measures to stabilize financial markets.
The Hong Kong Monetary Authority left its rate unrevised at 4.75%, reflecting the U.S. Federal Reserve's move to hold its target rate range between 4.25% and 4.50%.
The U.S. Federal Reserve provided few insights into the future rate path direction and added that it will review the potential impact of the U.S. tariffs on inflation and the broader economy.
Investors remained optimistic as benchmark indexes in China and Hong Kong wiped out most of the losses since the chaotic introduction of U.S. tariffs, with the heaviest burden on China.
The Hang Seng index is down only 2.4% from April 2 after falling by as much as 10% before recovering over the next five weeks.
The Hong Kong index is still down 5% from the peak on March 19 but up 14% in the year so far as of close on Thursday.
On Wednesday, after a five-day rally, investors booked profit, and mainland China investors sold stocks and exchange-traded funds worth HK $7.87 billion through the Stock Connect program.
China Indexes and Stocks
The Hang Seng index gained 1.1% to 22,939.28, and the mainland-focused CSI 300 index edged higher by 0.6% to 3,831.63.
Advanced chip stocks were in focus after the Trump administration said it plans to replace the President Biden-era restrictions on artificial chip exports targeting China.
Semiconductor Manufacturing International Corp. declined 1.5% to HK $45.40.
Electric vehicle makers led gainers in Hong Kong and Shanghai trading.
BYD jumped 0.2% to HK $385.20, Geely Automobile Holdings gained 4.5% to HK $17.54, and Li Auto advanced 5.5% to HK $107.90.
Auntea Jenny soared more than 60% on the first day of trading on the Hong Kong Stock Exchange after the bubble team company priced its initial public offering.
Auntea Jenny traded at HK $172.80 after rising as high as HK $183.30 at the opening on the Hong Kong Stock Exchange.
The company sold 2.4 million shares and raised HK$272.8 million after the bubble tea company priced its offering at HK$113.12 per share.
The franchise chain operates 9,176 stores in 300 cities across China and generated annual revenue in 2024 of 3.3 billion yuan, with an average gross order per store of 27 yuan and a net income of 328.9 million yuan.
Wall Street Indexes Trade Sideways Ahead of Fed Rate Decisions and Comments
Barry Adams
07 May, 2025
New York City
Wall Street indexes advanced on Wednesday as investors reviewed the latest updates on corporate earnings and awaited the rate decisions later in the day.
The S&P 500 index advanced as much as 0.4%, and the Nasdaq Composite gained 0.5%, and investors reacted to earnings updates from Disney, Uber Technologies, Super Micro Computer, AMD, and Wynn Resorts.
The Federal Reserve is widely anticipated to hold steady the fed funds rate range between 4.25% and 4.5%, where the rates have been since December.
Investors are still holding out for at least two rate cuts later in the year and awaiting comments from Fed Chair Jerome Powell to understand the future rate path.
Market sentiment got a boost after the Trump administration officials were set to meet their counterparts in Geneva, Switzerland, later in the week.
Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are likely to attempt to de-escalate trade tensions with China after the U.S. president launched a tariff war targeting China's imports.
Investor optimism may be misplaced, and China seems to be in no hurry to negotiate a deal with the U.S., as China is looking to ramp up its imports of corn, soybeans, and beef from South America.
China's reliance on direct U.S. exports has declined from as high as 25% in 2016 to less than 15% in 2025, according to trade statistics available from the U.S. Bureau of Economic Analysis.
However, there are few alternatives to sourcing large-scale, low-value products manufactured in China.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.4% to 5,627.97, the Nasdaq Composite edged up 0.3% to 17,745.54, and the Russell 2000 index advanced 0.5% to 1,993.81.
The yield on 2-year Treasury notes edged higher to 3.81%, 10-year Treasury notes increased to 4.31%, and 30-year Treasury bonds declined to 4.79%.
WTI crude oil decreased $0.01 to $59.08 a barrel, and natural gas prices edged higher by $0.15 to $3.61 a thermal unit.
Gold decreased by $11.61 to $3,390.97 an ounce, and silver edged down by $0.34 to $32.81.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.20 to 99.43, and it traded at the lowest level since April 2022.
U.S. Stock Movers
Super Micro Computer Inc. decreased 3.6% to $31.71, and the server company reported weaker-than-expected adjusted earnings of 31 cents per share. Moreover, the company's current quarter revenue outlook fell short of investor expectations.
Advanced Micro Devices decreased 0.9% to $98.56, and the advanced chip maker reported adjusted earnings per share of 96 cents, ahead of market expectations.
In addition, the company estimated a loss of $700 million in sales in the current quarter and about $1.5 billion in the current fiscal year because of export restrictions to China.
The Walt Disney Company soared 9.8% to $101.09 after the media and resort company reported better-than-expected fiscal second-quarter earnings per share of $1.45. Additionally, the company raised its fiscal earnings estimate to $5.75 per share.
The resort company said it struck a deal with Miral to build a theme park and resort on Yas Island, Abu Dhabi, UAE.
Disney will not invest its capital in the project, but it will benefit from royalties.
Uber Technologies dropped 1.5% to $84.57, and the ride-hailing platform operator reported lower-than-expected revenue in the first quarter.
Revenue in the first quarter increased 14% to $11.6 billion from $10.13 billion, net income swung to $1.78 billion from a loss of $654 million, and diluted earnings per share were 83 cents compared to a loss of 32 cents a year ago.
Wall Street Indexes Trade Sideways Ahead of Fed Rate Decisions and Comments
Barry Adams
07 May, 2025
New York City
Wall Street indexes advanced on Wednesday as investors reviewed the latest updates on corporate earnings and awaited the rate decisions later in the day.
The S&P 500 index advanced as much as 0.4%, and the Nasdaq Composite gained 0.5%, and investors reacted to earnings updates from Disney, Uber Technologies, Super Micro Computer, AMD, and Wynn Resorts.
The Federal Reserve is widely anticipated to hold steady the fed funds rate range between 4.25% and 4.5%, where the rates have been since December.
Investors are still holding out for at least two rate cuts later in the year and awaiting comments from Fed Chair Jerome Powell to understand the future rate path.
Market sentiment got a boost after the Trump administration officials were set to meet their counterparts in Geneva, Switzerland, later in the week.
Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are likely to attempt to de-escalate trade tensions with China after the U.S. president launched a tariff war targeting China's imports.
Investor optimism may be misplaced, and China seems to be in no hurry to negotiate a deal with the U.S., as China is looking to ramp up its imports of corn, soybeans, and beef from South America.
China's reliance on direct U.S. exports has declined from as high as 25% in 2016 to less than 15% in 2025, according to trade statistics available from the U.S. Bureau of Economic Analysis.
However, there are few alternatives to sourcing large-scale, low-value products manufactured in China.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.4% to 5,627.97, the Nasdaq Composite edged up 0.3% to 17,745.54, and the Russell 2000 index advanced 0.5% to 1,993.81.
The yield on 2-year Treasury notes edged higher to 3.81%, 10-year Treasury notes increased to 4.31%, and 30-year Treasury bonds declined to 4.79%.
WTI crude oil decreased $0.01 to $59.08 a barrel, and natural gas prices edged higher by $0.15 to $3.61 a thermal unit.
Gold decreased by $11.61 to $3,390.97 an ounce, and silver edged down by $0.34 to $32.81.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.20 to 99.43, and it traded at the lowest level since April 2022.
U.S. Stock Movers
Super Micro Computer Inc. decreased 3.6% to $31.71, and the server company reported weaker-than-expected adjusted earnings of 31 cents per share. Moreover, the company's current quarter revenue outlook fell short of investor expectations.
Advanced Micro Devices decreased 0.9% to $98.56, and the advanced chip maker reported adjusted earnings per share of 96 cents, ahead of market expectations.
In addition, the company estimated a loss of $700 million in sales in the current quarter and about $1.5 billion in the current fiscal year because of export restrictions to China.
The Walt Disney Company soared 9.8% to $101.09 after the media and resort company reported better-than-expected fiscal second-quarter earnings per share of $1.45. Additionally, the company raised its fiscal earnings estimate to $5.75 per share.
The resort company said it struck a deal with Miral to build a theme park and resort on Yas Island, Abu Dhabi, UAE.
Disney will not invest its capital in the project, but it will benefit from royalties.
Uber Technologies dropped 1.5% to $84.57, and the ride-hailing platform operator reported lower-than-expected revenue in the first quarter.
Revenue in the first quarter increased 14% to $11.6 billion from $10.13 billion, net income swung to $1.78 billion from a loss of $654 million, and diluted earnings per share were 83 cents compared to a loss of 32 cents a year ago.