Stock market today: Dow gains 500 points, stocks close near records as Trump holds off on tariffs
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
(Bloomberg) -- Apple Inc. received a pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed Opportunit
Oracle shares surged Tuesday after reports that President Trump could soon announce an artificial intelligence initiative involving the company.
S&P 500 and Nasdaq Composite largely unmoved as it opened for trading for first time after inauguration
Shares of clothing and accessories retailer Gap (NYSE:GAP) jumped 6.4% in the afternoon session after Argus Research analyst Christine Dooley upgraded the stock's rating from Hold to Buy. The analyst cited the potential for a turnaround across key brands (Gap, Banana Republic, Old Navy, and Athleta) while acknowledging management's efforts to "revitalize the brands."
Oracle (ORCL) stock closed up by more than 7% on Tuesday amid reports of a joint venture with OpenAI and Softbank (SFTBY).
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF) fell 5.9% in the afternoon session after research by Morgan Stanley analyst Dara Mohsenian revealed weak sales trends for the company (ELF). The research revealed that U.S. scanner sales growth "slowed to 5.5% year over year in the last two weeks, including Amazon first party, and were down 1.9% year over year in the last week." The analyst blamed the weakness partly "on the timing of the Martin Luther King Jr. Day and the LA wildfires."
Shares of temporary space provider WillScot (NASDAQ:WSC) jumped 7.2% in the morning session after Semafor reported the company (WSC) is fielding takeover talks from private equity firms. According to the sources, a formal takeover process has likely not started.
Here's what could happen next to shares of this firm.
Shares of Intel were up more than 2% Tuesday afternoon, extending Friday gains that were powered in part by deal-related rumors.