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: WWE stock falls on Q4 top- and bottom-line misses

World Wrestling Entertainment Inc.’s WWE stock fell 2.2% after market close Thursday after the company’s fourth-quarter results came in below analysts’ top- and bottom-line estimates. Net income was $38.8 million, or 45 cents a share, down from $60.9 million, or 73 cents a share in the prior year’s quarter, which the company attributed to a decrease...

: Gilead stock jumps 5% after Q4 beat, dividend increase

Shares of Gilead Sciences Inc. GILD rose more than 5% in the extended session Thursday after the pharma company reported fourth-quarter earnings and sales above Wall Street expectations, saying higher sales elsewhere took the sting of falling revenue for its COVID-19 drug. Gilead earned $1.6 billion, or $1.30 a share, compared with $376 million, or...

: Atlassian stock tumbles 13% after Q2 loss

Atlassian Corp.’s TEAM stock fell more than 13% after market close Thursday after the software maker reported a widening second-quarter loss. The company reported a net loss of $205 million, or 80 cents a share, compared with a net loss of $22.3 million, or 9 cents a share in the same period last year. The second-quarter net loss includes a non-recurring...

: Skechers stock drops after profit warning

Skechers USA Inc. SKX stock fell 2.5% in after-market trades Thursday after the footwear company projected it would fall short of first-quarter and full-year 2023 profit estimates. For the first quarter, Skechers expects earnings of 55 cents to 60 cents a share, below the analyst estimate of 86 cents a share, according to data compiled by FactSet....

Nasdaq posts best daily gain since Nov., S&P 500 closes up 1.5%

The Nasdaq posted its best day of gains since November on Thursday, as stock-market bulls cheered the Federal Reserve's decision a day before to raise interest rates by a smaller 25 basis point increment and embraced hints that a pause in rate hikes could be coming in a few months. The S&P 500 index rose about 1.5%, while the Nasdaq Composite Index...

UnitedHealth stock can be blamed for most of the Dow's decline, while the rest of the stock market rallies

The Dow Jones Industrial Average's selloff, in the face of a big rally in the broader stock market, is mostly the fault of one company's stock. UnitedHealth Group Inc. shares tumbled 5.7% in afternoon trading, in the wake of lower-than-expected Medicare Advantage rates proposed in 2024. The health insurer's stock price drop of $28.41, which would...

: Apple, Alphabet and Amazon stock rallies ahead of earnings are adding a total of more than $230 billion to their market caps

Shares of the three technology behemoths reporting quarterly results after the closing bell are surging in afternoon trading Thursday, enough to boost their collective market capitalizations by about $233 billion. Apple Inc.’s stock AAPL is surging 3.3% toward a 2 1/2-month high, Alphabet Inc.’s stock GOOGLGOOG is running up 6.4% toward a five-month...

Congressional members announce antitrust caucus to hold Big Tech accountable

U.S. Reps. David Cicilline, D-R.I., and Ken Buck, R-Colo., on Thursday announced the formation of a Congressional Antitrust Caucus, designed for "holding Big Tech and monopolies accountable, promoting healthy competition in the economy, and advocating for hardworking and law-abiding consumers and business owners." The bipartisan caucus said it intends...

: Gold futures post a second straight session loss

Gold futures settled lower on Thursday to tally back-to-back losses. Prices for the precious metal had traded higher overnight and early Thursday, but gold gave up those gains with buyers and sellers “jockeying” for positions as prices pave a path toward what will likely be the last rate hike by the Federal Reserve, if there’s a hike at all, said Adam...

: Lazard stock pops on growing macroeconomic optimism, stronger-than-expected revenue

Lazard Ltd LAZ stock is up nearly 5% after the investment bank said it’s more optimistic about macroeconomic conditions; it also beat its fourth-quarter revenue target but missed on adjusted profit. “Although the near-term outlook remains uncertain, we are cautiously optimistic regarding an improvement in the macroeconomic environment going into the...

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