U.S. Stocks Open Mixed on Friday; ServiceTitan Rallies 12% on Better-Than-Expected Q1 Earnings
Tiger Newspress06-05 21:30
The S&P 500 and Nasdaq Composite fell on Friday, bogged down by a sell-off in key chip stocks and rising Treasury yields following a much stronger-than-expected jobs report for May.
The broad market index slipped about 0.6%, while the tech-heavy Nasdaq dipped 1.1%. The Dow Jones Industrial Average traded around the flatline.
ServiceTitan raised its fiscal 2027 revenue forecast to a range of $1.13 billion to $1.14 billion, up from its previous outlook of $1.11 billion. The updated forecast is above the analyst consensus estimate of $1.12 billion.
The company also raised its fiscal 2027 operating income outlook and now expects income from operations of $142 million to $147 million.
ServiceTitan Shares advanced 12% in market trading on the news.
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