By Alexander Osipovich
Oracle $(ORCL)$: The software company's stock slid 5% after The Wall Street Journal reported that OpenAI-which has a data-center deal with Oracle worth $300 billion-missed revenue and user targets. CoreWeave (CRWV), another OpenAI infrastructure provider, and SoftBank Group (JP:9984), a major OpenAI investor, also tumbled.
Spotify (SPOT): Shares of the music streamer dropped 11% after its projection for premium-subscriber growth fell short of analysts' expectations, raising worries that customers may be put off by a recent price increase.
General Motors $(GM)$: Shares in the automaker were little changed in early trading after its beat Wall Street's forecasts for first-quarter profit and raised its earnings outlook for 2026.
Hilton Worldwide Holdings $(HLT)$: The hotel operator reported revenue that fell just short of the average forecast of analysts polled by FactSet.
Coca-Cola $(KO)$: The beverage company's stock climbed 5% after it beat analysts' expectations for earnings and revenue.
United Parcel Service (UPS): Shares of the delivery giant fell 5% after it logged lower profit and revenue in the first quarter.
Contemporary Amperex Technology (HK:3750): The Chinese battery giant, whose shares have rallied in recent weeks as surging oil prices have stoked interest in electric vehicles, said it would raise $5 billion in a share placement. The sale will be at a discount to its closing price Monday. CATL's stock slid nearly 7%
Visa (V), Starbucks $(SBUX)$ and Robinhood Markets (HOOD): The companies are set to reports after markets close today.
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(END) Dow Jones Newswires
April 28, 2026 09:37 ET (13:37 GMT)
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