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Post-Bell | S&P 500, Nasdaq Are Little Changed; Palantir Drops 15%; Reddit Gains 15% and Rivian Falls 6% After Earnings

Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve cuts interest rates this year, while a resurgent dollar h

Post-Bell | S&P 500, Nasdaq Are Little Changed; Palantir Drops 15%; Reddit Gains 15% and Rivian Falls 6% After Earnings

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Palantir said it expects revenue in the second quarter of between $649 million and $653 million, ahead of analysts’ consensus of $643 million. Adjusted operating income is expected to be between $209 million and $213 million, above Wall Street expectations of $201 million.</p><p style=\"text-align: start;\">The stock was down 15%. Shares have risen 125% over the past 12 months.</p><p style=\"text-align: start;\"><strong>Walt Disney</strong> reported fiscal second-quarter earnings that beat analysts’ estimates and boosted its fiscal-year profit guidance. Paid core subscribers to Disney + in the second quarter were 117.6 million, topping expectations.</p><p style=\"text-align: start;\">The stock was down 9.5%, however, after Chief Financial Officer Hugh Johnston said the company didn’t “expect to see core subscriber growth at Disney+ in the third quarter but anticipate sub-growth will return in Q4.”</p><p style=\"text-align: start;\"><strong>Peloton Interactive</strong> surged 16% after CNBC reported that a number of private-equity firms have been considering a buyout of the at-home fitness company.</p><p style=\"text-align: start;\">First-quarter losses at Lucid Group narrowed from a year earlier, while sales at the electric-vehicle maker rose 21% to $173 million. About 30% of those sales, however, came from the Saudi government. Saudi government funds own a majority of Lucid stock.</p><p style=\"text-align: start;\"><strong>Lucid</strong> produced 1,728 vehicles in the quarter, an increase of 40% from a year earlier, and said it still expects to make 9,000 units in 2024. The stock was down 14%.</p><p style=\"text-align: start;\">U.S.-listed shares of <strong>BP</strong> were down 3.8% after the British oil company reported a first-quarter underlying replacement-cost profit of $2.72 billion, down from $4.96 billion in the year-earlier period and below company-compiled forecasts of $2.87 billion. Mainly to blame were lower oil-and-gas prices and thinner margins.</p><p style=\"text-align: start;\"><strong>UBS Group</strong> was up 7% after the Swiss bank swung to a profit in the first quarter, getting a boost from its takeover of rival Credit Suisse. Net profit in the first quarter was $1.755 billion, well ahead of forecasts.</p><p style=\"text-align: start;\"><strong>Datadog</strong> reported better-than-anticipated first-quarter earnings but shares of the cloud-monitoring company were down 12% in response to news that President Amit Agarwal would be stepping down at the end of 2024. </p><p style=\"text-align: start;\"><strong>Beyond</strong>, formerly Overstock.com, reported a wider-than-expected adjusted loss in the first quarter, sending the stock down 25%. Revenue inched up 0.3% year over year to $382 million but was below expectations of $389 million.</p><p style=\"text-align: start;\"><strong>Builders FirstSource</strong> declined 19%. The building-materials supplier reported first-quarter net income of $258.8 million, down 22.5% from a year earlier.</p><p style=\"text-align: start;\"><strong>GlobalFoundries</strong> was up 7.1% after reporting first-quarter revenue of $1.55 billion, down 16% from a year earlier but better than Wall Street estimates of $1.52 billion.</p><p style=\"text-align: start;\"><strong>Hims &amp; Hers Health</strong> gained 6% after the online wellness platform raised its full-year sales forecast. Subscribers in the first quarter rose 41% from a year earlier to 1.7 million.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_342791900\">Apple Unveils New AI-Focused Chip in Upgraded ipad Pro</h3><p>Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate the emerging technology.</p><p>Debuting its latest chip in a tablet rather than its Mac laptops is unusual for Apple, and suggests it is eager to give app makers a head start creating AI-related software ahead of its annual software developer conference next month, analysts said.</p><p>The announcements did little to move Apple&#39;s stock, which was last up about 0.5% after gaining as much as 1.8% earlier in the day.</p><h3 id=\"id_3394607978\" style=\"text-align: start;\">Reddit Gains After Strong Sales in First Report Since IPO</h3><p>Reddit Inc. shares jumped more than 15% in extended trading after improvements to the social media platform’s advertising system helped push quarterly sales higher than expected in its first results as a public company.</p><p>Revenue increased 48% to $243 million in the period ended March 31, the social media company said Tuesday in a statement. Analysts, on average, estimated $211.9 million, according to data compiled by Bloomberg.</p><h3 id=\"id_3898174366\">Rivian’s Losses Widen and Stock Falls 6%, But Execs See Profit Outlook Improving</h3><p>Shares of Rivian Automotive Inc. fell more than 6% in the extended session Tuesday after the EV maker posted mixed quarterly results, reporting a wider-than-expected loss but revenue above Wall Street’s expectations.</p><p style=\"text-align: start;\">Tuesday’s results “set a strong foundation to the remainder of the year,” Chief Executive RJ Scaringe said on a call after the results.</p><p>Rivian executives also reaffirmed the company’s production guidance for the year, announced pared capital expenditures and reiterated that they expect to reach positive gross profit in the fourth quarter.</p><p>Rivian lost $1.45 billion, or $1.48 a share, in the first quarter, compared with a loss of $1.35 billion, or $1.45 a share, in the year-ago quarter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPost-Bell | S&P 500, Nasdaq Are Little Changed; Palantir Drops 15%; Reddit Gains 15% and Rivian Falls 6% After Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-05-08 07:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>On Wall Street, the Dow Jones Industrial Average <u>(.DJI)</u> rose 0.08%, the S&amp;P 500 <u>(.SPX)</u> gained 0.13% and the Nasdaq Composite <u>(.IXIC)</u> dropped 0.1%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a1c716c421d5303f343a7712246f380c\" title=\"\" tg-width=\"924\" tg-height=\"327\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><strong>Palantir Technologies</strong> reported first-quarter earnings that were better than expected on a revenue jump of 21% to $634 million as the data analytics software company continued to gain traction with its artificial intelligence tools, particularly with U.S. commercial customers. Palantir said it expects revenue in the second quarter of between $649 million and $653 million, ahead of analysts’ consensus of $643 million. Adjusted operating income is expected to be between $209 million and $213 million, above Wall Street expectations of $201 million.</p><p style=\"text-align: start;\">The stock was down 15%. Shares have risen 125% over the past 12 months.</p><p style=\"text-align: start;\"><strong>Walt Disney</strong> reported fiscal second-quarter earnings that beat analysts’ estimates and boosted its fiscal-year profit guidance. Paid core subscribers to Disney + in the second quarter were 117.6 million, topping expectations.</p><p style=\"text-align: start;\">The stock was down 9.5%, however, after Chief Financial Officer Hugh Johnston said the company didn’t “expect to see core subscriber growth at Disney+ in the third quarter but anticipate sub-growth will return in Q4.”</p><p style=\"text-align: start;\"><strong>Peloton Interactive</strong> surged 16% after CNBC reported that a number of private-equity firms have been considering a buyout of the at-home fitness company.</p><p style=\"text-align: start;\">First-quarter losses at Lucid Group narrowed from a year earlier, while sales at the electric-vehicle maker rose 21% to $173 million. About 30% of those sales, however, came from the Saudi government. Saudi government funds own a majority of Lucid stock.</p><p style=\"text-align: start;\"><strong>Lucid</strong> produced 1,728 vehicles in the quarter, an increase of 40% from a year earlier, and said it still expects to make 9,000 units in 2024. The stock was down 14%.</p><p style=\"text-align: start;\">U.S.-listed shares of <strong>BP</strong> were down 3.8% after the British oil company reported a first-quarter underlying replacement-cost profit of $2.72 billion, down from $4.96 billion in the year-earlier period and below company-compiled forecasts of $2.87 billion. Mainly to blame were lower oil-and-gas prices and thinner margins.</p><p style=\"text-align: start;\"><strong>UBS Group</strong> was up 7% after the Swiss bank swung to a profit in the first quarter, getting a boost from its takeover of rival Credit Suisse. Net profit in the first quarter was $1.755 billion, well ahead of forecasts.</p><p style=\"text-align: start;\"><strong>Datadog</strong> reported better-than-anticipated first-quarter earnings but shares of the cloud-monitoring company were down 12% in response to news that President Amit Agarwal would be stepping down at the end of 2024. </p><p style=\"text-align: start;\"><strong>Beyond</strong>, formerly Overstock.com, reported a wider-than-expected adjusted loss in the first quarter, sending the stock down 25%. Revenue inched up 0.3% year over year to $382 million but was below expectations of $389 million.</p><p style=\"text-align: start;\"><strong>Builders FirstSource</strong> declined 19%. The building-materials supplier reported first-quarter net income of $258.8 million, down 22.5% from a year earlier.</p><p style=\"text-align: start;\"><strong>GlobalFoundries</strong> was up 7.1% after reporting first-quarter revenue of $1.55 billion, down 16% from a year earlier but better than Wall Street estimates of $1.52 billion.</p><p style=\"text-align: start;\"><strong>Hims &amp; Hers Health</strong> gained 6% after the online wellness platform raised its full-year sales forecast. Subscribers in the first quarter rose 41% from a year earlier to 1.7 million.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_342791900\">Apple Unveils New AI-Focused Chip in Upgraded ipad Pro</h3><p>Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate the emerging technology.</p><p>Debuting its latest chip in a tablet rather than its Mac laptops is unusual for Apple, and suggests it is eager to give app makers a head start creating AI-related software ahead of its annual software developer conference next month, analysts said.</p><p>The announcements did little to move Apple&#39;s stock, which was last up about 0.5% after gaining as much as 1.8% earlier in the day.</p><h3 id=\"id_3394607978\" style=\"text-align: start;\">Reddit Gains After Strong Sales in First Report Since IPO</h3><p>Reddit Inc. shares jumped more than 15% in extended trading after improvements to the social media platform’s advertising system helped push quarterly sales higher than expected in its first results as a public company.</p><p>Revenue increased 48% to $243 million in the period ended March 31, the social media company said Tuesday in a statement. Analysts, on average, estimated $211.9 million, according to data compiled by Bloomberg.</p><h3 id=\"id_3898174366\">Rivian’s Losses Widen and Stock Falls 6%, But Execs See Profit Outlook Improving</h3><p>Shares of Rivian Automotive Inc. fell more than 6% in the extended session Tuesday after the EV maker posted mixed quarterly results, reporting a wider-than-expected loss but revenue above Wall Street’s expectations.</p><p style=\"text-align: start;\">Tuesday’s results “set a strong foundation to the remainder of the year,” Chief Executive RJ Scaringe said on a call after the results.</p><p>Rivian executives also reaffirmed the company’s production guidance for the year, announced pared capital expenditures and reiterated that they expect to reach positive gross profit in the fourth quarter.</p><p>Rivian lost $1.45 billion, or $1.48 a share, in the first quarter, compared with a loss of $1.35 billion, or $1.45 a share, in the year-ago quarter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","AAPL":"苹果",".IXIC":"NASDAQ Composite","RDDT":"Reddit",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104464315","content_text":"The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year.Market SnapshotOn Wall Street, the Dow Jones Industrial Average (.DJI) rose 0.08%, the S&P 500 (.SPX) gained 0.13% and the Nasdaq Composite (.IXIC) dropped 0.1%.Market MoversPalantir Technologies reported first-quarter earnings that were better than expected on a revenue jump of 21% to $634 million as the data analytics software company continued to gain traction with its artificial intelligence tools, particularly with U.S. commercial customers. Palantir said it expects revenue in the second quarter of between $649 million and $653 million, ahead of analysts’ consensus of $643 million. Adjusted operating income is expected to be between $209 million and $213 million, above Wall Street expectations of $201 million.The stock was down 15%. Shares have risen 125% over the past 12 months.Walt Disney reported fiscal second-quarter earnings that beat analysts’ estimates and boosted its fiscal-year profit guidance. Paid core subscribers to Disney + in the second quarter were 117.6 million, topping expectations.The stock was down 9.5%, however, after Chief Financial Officer Hugh Johnston said the company didn’t “expect to see core subscriber growth at Disney+ in the third quarter but anticipate sub-growth will return in Q4.”Peloton Interactive surged 16% after CNBC reported that a number of private-equity firms have been considering a buyout of the at-home fitness company.First-quarter losses at Lucid Group narrowed from a year earlier, while sales at the electric-vehicle maker rose 21% to $173 million. About 30% of those sales, however, came from the Saudi government. Saudi government funds own a majority of Lucid stock.Lucid produced 1,728 vehicles in the quarter, an increase of 40% from a year earlier, and said it still expects to make 9,000 units in 2024. The stock was down 14%.U.S.-listed shares of BP were down 3.8% after the British oil company reported a first-quarter underlying replacement-cost profit of $2.72 billion, down from $4.96 billion in the year-earlier period and below company-compiled forecasts of $2.87 billion. Mainly to blame were lower oil-and-gas prices and thinner margins.UBS Group was up 7% after the Swiss bank swung to a profit in the first quarter, getting a boost from its takeover of rival Credit Suisse. Net profit in the first quarter was $1.755 billion, well ahead of forecasts.Datadog reported better-than-anticipated first-quarter earnings but shares of the cloud-monitoring company were down 12% in response to news that President Amit Agarwal would be stepping down at the end of 2024. Beyond, formerly Overstock.com, reported a wider-than-expected adjusted loss in the first quarter, sending the stock down 25%. Revenue inched up 0.3% year over year to $382 million but was below expectations of $389 million.Builders FirstSource declined 19%. The building-materials supplier reported first-quarter net income of $258.8 million, down 22.5% from a year earlier.GlobalFoundries was up 7.1% after reporting first-quarter revenue of $1.55 billion, down 16% from a year earlier but better than Wall Street estimates of $1.52 billion.Hims & Hers Health gained 6% after the online wellness platform raised its full-year sales forecast. Subscribers in the first quarter rose 41% from a year earlier to 1.7 million.Market NewsApple Unveils New AI-Focused Chip in Upgraded ipad ProApple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate the emerging technology.Debuting its latest chip in a tablet rather than its Mac laptops is unusual for Apple, and suggests it is eager to give app makers a head start creating AI-related software ahead of its annual software developer conference next month, analysts said.The announcements did little to move Apple's stock, which was last up about 0.5% after gaining as much as 1.8% earlier in the day.Reddit Gains After Strong Sales in First Report Since IPOReddit Inc. shares jumped more than 15% in extended trading after improvements to the social media platform’s advertising system helped push quarterly sales higher than expected in its first results as a public company.Revenue increased 48% to $243 million in the period ended March 31, the social media company said Tuesday in a statement. Analysts, on average, estimated $211.9 million, according to data compiled by Bloomberg.Rivian’s Losses Widen and Stock Falls 6%, But Execs See Profit Outlook ImprovingShares of Rivian Automotive Inc. fell more than 6% in the extended session Tuesday after the EV maker posted mixed quarterly results, reporting a wider-than-expected loss but revenue above Wall Street’s expectations.Tuesday’s results “set a strong foundation to the remainder of the year,” Chief Executive RJ Scaringe said on a call after the results.Rivian executives also reaffirmed the company’s production guidance for the year, announced pared capital expenditures and reiterated that they expect to reach positive gross profit in the fourth quarter.Rivian lost $1.45 billion, or $1.48 a share, in the first quarter, compared with a loss of $1.35 billion, or $1.45 a share, in the year-ago quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}