Shares of Boeing surged Friday afternoon to lead Dow Jones Industrial Average gainers after President Donald Trump named the plane maker the winner of a contract to build the U.S. Air Force's next-generation fighter jet, the F-47.
Tesla shares surged Friday, but still declined for the ninth consecutive week.
(Bloomberg) -- Wall Street banks including JPMorgan Chase & Co. and Morgan Stanley have made investor-friendly changes to some leveraged loan offerings, as uncertainty around President Donald Trump’s economic and regulatory policies roils global markets.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump
Shares of educational publishing and media company Scholastic (NASDAQ:SCHL) jumped 15.2% in the morning session after the company delivered strong first-quarter (fiscal Q3 2025) results, with profits significantly exceeding expectations as both EPS and EBITDA outperformed Wall Street's estimates.
Shares of security and Aerospace company Lockheed Martin (NYSE:LMT) fell 7% in the afternoon session after the company lost the contract to produce the next generation of fighter jets for the U.S. military, which was awarded to Boeing. The contract, known as Next Generation Air Dominance, or NGAD, is supposed to help build jets ( F-47) that will accompany a future fleet of drone aircraft to protect the US against its adversaries. According to the press release, the contract is worth an estimated
Shares of memory chips maker Micron (NYSE:MU) fell 8.8% in the afternoon session after the company reported first-quarter (fiscal Q2 2025) results, which came with high expectations, but while the overall performance was decent, softness in key markets, weaker margins, and inventory concerns overshadowed the positives.
Shares of homebuilder Lennar (NYSE:LEN) fell 6.7% in the morning session after the company reported weak first-quarter 2025 results, with its backlog declining 22% year over year, raising concerns about the strength of its near-term sales pipeline.
The cost-cutting spree isn’t limited to government—billions in private-business contracts are affected, Danny Moses told Fortune.
Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 22.6% in the morning session after the company reported weak fourth-quarter (fiscal 2025) results: Its full-year revenue and EBITDA guidance missed significantly along with this quarter's revenue and EPS.
Shares of women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) jumped 9% in the morning session after the company reported strong fourth-quarter 2024 results, which blew past analysts' estimates for sales, earnings, and operating profits.