A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on Aug. 24, 2026 in New York City.
Angela Weiss | AFP | Getty Images
The Nasdaq Composite was higher on Thursday as the latest earnings reports from Nvidia and other well-known technology companies boosted sentiment
The tech-heavy index rose 1.57% to 26,541.35, while the S&P 500 advanced 0.72% end at 7,730.99. The Dow Jones Industrial Average climbed 105.56 points, or 0.2%, and closed at 53,569.44
It was the best day since Aug. 4 for the tech sector, the S&P 500 and the Nasdaq Composite
Nvidia shares jumped 8.7% after it beat analyst expectations and forecast strong revenue growth. Notably, the chipmaker is projected to see revenue growth hit 70% in fiscal 2028, far higher than the 44% that analysts surveyed by LSEG expected. Its revenue for the fiscal second quarter more than doubled
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Shares linked to the semiconductor industry rallied, with Broadcom adding 4.5%, and SK Hynix and Intel up 2% and 4%, respectively. The VanEck Semiconductor ETF (SMH) rose 3%
“There’s been a lot of talk lately about the circular financing for all these hyperscalers and whether revenues will be able to actually cover the huge costs that they’re incurring. Maybe this holds off that discussion for a little while,” said Melissa Brown, global head of investment decision research at SimCorp. Other names in the AI trade are “just riding [Nvidia’s] coattails,” she added
Outside of Nvidia and its fellow chip stocks, Salesforce rallied more than 22% after revenue came in ahead of Wall Street’s forecast for the second quarter. Software stocks such as Adobe and Autodesk climbed 5.7% and 6.2%, respectively
Within cybersecurity, Okta soared more than 28% and CrowdStrike gained 20.5% after surpassing analyst expectations and raising their outlooks as the companies see booming demand due to agentic AI. Other cyber stocks such as Palo Alto Networks rose alongside them. That stock in particular popped almost 13%
Brown noted that because there’s such a divergence between stocks related to the artificial intelligence trade and those in other areas of the market, there’s a low correlation across stocks that’s impacting risk
“The volatility is high, but the correlation is low, and so that’s keeping overall volatility low,” she said. “Our concern is that that kind of lulls investors into a false sense of security.”
Traders are readying for the Federal Reserve’s annual symposium in Jackson Hole, Wyoming, where Fed Chairman Kevin Warsh is slated to deliver a keynote speech Friday
4 Hours Ago
Stocks finish higher
The three major averages saw gains on Thursday
The S&P 500 added 0.72% to finish the day at 7,730.99, while the Nasdaq Composite gained 1.57% to end at 26,541.35. The Dow Jones Industrial Average climbed 105.56 points, or 0.2%, to 53,569.44
4 Hours Ago
Information technology is lone positive sector
Information technology is the only positive S&P 500 sector on the day, pacing to end the session with a 3% gain
Moreover, the Technology Select Sector SPDR Fund (XLK) rose 2.9% in afternoon trading. If that holds through the close, this would mark the biggest gain for the XLK on a day when it was the market’s lone positive sector in records going back to 2006
That’s as long as the group finishes up more than 2.26% and the other 10 sectors all finish lower
XLK, 1-day
— Nick Wells and Sean Conlon
5 Hours Ago
J.M. Smucker says Uncrustables helped drive expectation-smashing revenue
A box of J.M. Smucker Co. Smucker’s Uncrustables brand peanut butter and grape jelly sandwiches is arranged for a photograph in Tiskilwa, Illinois.
Daniel Acker | Bloomberg | Getty Images
J.M. Smucker blew past Wall Street’s revenue expectations for the first fiscal quarter, thanks in part to strength in its Uncrustables brand
The food producer posted $2.22 billion in revenue for the three-month period, exceeding the expectation of every analyst polled by FactSet. J.M. Smucker said it now expects full-year revenue to shrink less than previously forecast
CEO Mark Smucker said in prepared remarks that the Uncrustable brand saw 12% net sales growth
Uncrustables is driving momentum in the broader frozen handheld and spreads category, CFO Tucker Marshall said on the company’s Wednesday earnings call. The Ohio-based company is spending some of its tariff refund on pre-production expenses and marketing tied to the brand, Marshall said
“As you think about Uncrustables, that continues to be a great story,” Marshall said
J.M. Smucker shares have jumped nearly 8% this week, which would mark its seventh consecutive winning week. The stock has surged 38% in 2026, on track for its first positive year in four
— Alex Harring
6 Hours Ago
GPU supply constraints will boost DigitalOcean, Truist says
DigitalOcean is using a constrained GPU market to fortify its business for the long-termÂ
The bank initiated coverage on the cloud infrastructure provider with a buy rating and a $175 price target. That implies a 52% gain from Wednesday’s close. In a Thursday note, analyst Miller Jump wrote that the company is making strategic moves amid an imbalanced supply and demand environment.Â
“Management has indicated that the supply demand imbalance is enabling them to handpick the customers that are most aligned with their long-term aspirations as a business,” Jump wrote. “We expect this to translate to large customers that are taking value-added software offerings like DOCN’s managed inference which could make them both stickier and higher-margin.”
Jump added that DigitalOcean doesn’t face the same financing risks as other companies in the GPU buildout, stating that the company isn’t looking to compete with hyperscalers but rather extend its “core value proposition.” Shares were higher by more than 5% in afternoon trading.Â
DigitalOcean year-to-date.
— Davis Giangiulio
7 Hours Ago
Stocks making big moves: Veeva Systems, HP, Moderna
Moderna logo is seen in Warsaw, Poland on April 9, 2025.
Jakub Porzycki | Nurphoto | Getty Images
Check out some of the companies making the biggest moves midday:
- Veeva Systems – The cloud company with a focus on life sciences jumped 16%. Veeva second-quarter revenue and earnings topped analysts’ estimates, as did upbeat guidance for the current quarter and full year. The company anticipates adjusted earnings of $2.33 to $2.34 per share on revenue of $932 million to $935 million in the third quarter, versus the FactSet consensus call for $2.28 per share and $918.1 million.
- HP — The PC maker dropped 4% despite beating posting fiscal third-quarter revenue that beat the Street, and full-year earnings guidance that was also above expectations. Wall Street analysts expressed misgivings due to expanding memory chip costs, questions over demand as product prices rise and continued pressure on profit margins, StreetAccount said.
- Moderna — The vaccine maker tumbled 4% after proposing a private placement sale of $2 billion in convertible senior notes.
Read the full list here
— Scott Schnipper
7 Hours Ago
Citi upgrades Sociedad QuÃmica y Minera de Chile to buy
Citi analyst Alan Trebitsch on Wednesday upgraded shares of Chilean chemical company Sociedad QuÃmica y Minera de Chile to buy, from neutral/high risk, saying the attractively valued stock should get a boost from a recovering lithium market
“We expect lithium prices to strengthen through YE26, supported by battery supply chain restocking and resilient EV and BESS demand,” Trebitsch wrote. “Citi’s commodities team expects the market to stay in deficit in 2026 before returning to balance in 2027 as suspended capacity restarts and new supply enters the market.”
However, the analyst revised his price target slightly lower to $95, from $97 previously. The new price target still implies more than 20% upside from where the stock closed Wednesday, at $78.28. Shares were last up by 2%
Sociedad QuÃmica y Minera de Chile, 1-day
— Sarah Min
8 Hours Ago
Lower oil prices dampens chances for a September rate hike by the Fed, UBS says
Pumpjacks operating in the Permian Basin near Tubb, Texas, US, on Sunday, Aug. 16, 2026.
Kaylee Greenlee | Bloomberg | Getty Images
U.S. oil prices remain above $80 per barrel, but their decline from late-July highs of above $90 makes the chances of an interest rate hike by the Federal Reserve at its September meeting unlikelyÂ
The bank’s chief investment officer for the Americas and global head of equities Ulrike Hoffmann-Burchardi wrote in a Thursday note that the bond sell-off has also been eased by the recent decline in oil prices. However, she added that high yields will likely remain so long as Fed Chairman Kevin Warsh continues to be cautious about giving long-term forecasts.Â
“The Fed has placed less emphasis on forward guidance, while markets are also considering the implications of a smaller balance sheet over time,” she wrote. “This increases uncertainty around the central bank’s reaction function and raises the compensation investors demand for holding long-duration assets.”
Warsh is set to deliver a keynote speech at the Jackson Hole Economic Policy Symposium on Friday. CME’s FedWatch tool as of Thursday morning places nearly two-in-three odds the central bank keeps rates steady at its September meeting.Â
— Davis Giangiulio
9 Hours Ago
Software & Services ETF scores new high
The State Street SPDR S&P Software & Services ETF (XSW) hit an all-time high on Thursday, surpassing its prior high from Dec. 9, 2024
If the fund finishes the session above $205.24, it would notch a new closing high. The fund is also pacing for its fifth straight weekly gain for the first time since September 2025
XSW, 1-day
Among the leaders are Salesforce, CrowdStrike, SailPoint, Palo Alto Networks, Tenable, Netskope and Strategy
— Nick Wells and Sean Conlon
9 Hours Ago
‘Now is the time to act’ on raising interest rates, Fed’s Hammack says
Beth Hammack, President and CEO of the Federal Reserve Bank of Cleveland, speaking with CNBC from Jackson Hole on Aug. 27, 2026.
David A. Grogan | CNBC
Cleveland Federal Reserve President Beth Hammack on Thursday repeated her call for higher interest rates, saying recent inflation data show the central bank is still too far from its goal
A report released Wednesday showed inflation running around 3% on an annualized basis, the central bank policymaker said. Even though the monthly rates of price increases have slowed over the past few months, Hammack said the Fed should tighten monetary policy
“I don’t want to prejudge anything. But I believe now is the time to act,” she said in a live CNBC interview from the Fed’s annual symposium in Jackson Hole, Wyo. “I believe that we’ve been in an inflationary situation for more than five years. It’s been running well above our target. I don’t see any restriction in policy when I look at financial conditions and when I talk to market participants.”
The remarks are in line with others Hammack has made recently. Read more
— Jeff Cox
10 Hours Ago
Cyber ETF heading for best day since April 2025
The Global X Cybersecurity ETF (BUG) rose around 9% on Thursday, pacing for its best day since April 9, 2025, when it gained 9.7%
The fund was led by gains in Okta, CrowdStrike, SailPoint, Palo Alto Networks and Rubrik
BUG, 1-day
— Sean Conlon and Gina Francolla
10 Hours Ago
S&P 500, Nasdaq open higher
The S&P 500 and Nasdaq Composite rose on Thursday morning
The broad-based index gained 0.4% just after 9:30 a.m. ET, while the tech-heavy Nasdaq added 0.9%. The Dow Jones Industrial Average slid 50 points, or 0.1%
— Sean Conlon
11 Hours Ago
Inflation ‘stubborn’ and ‘sticky,’ but policy rate not restrictive, Kansas City Fed’s Schmid says
Jeff Schmid, Kansas City Fed President and CEO, speaking with CNBC from Jackson Hole on Aug. 26th, 2026
David A. Grogan | CNBC
Kansas City Federal Reserve President Jeffrey Schmid said Thursday that inflation is still too high, though he stopped short of calling for an interest rate hike
Speaking from the central bank’s annual symposium in Jackson Hole, Wyo. that the Kansas City Fed hosts, Schmid said in a CNBC interview that inflation has proven resilient
“It’s still stubborn and it’s still sticky, and we’re we’ve got to continue to find ways to break through,” he said on “Squawk Box.” “We’re going to have our work cut out for us as we move into the [Federal Open Market Committee] cycle.”
Read the full story here
— Jeff Cox
11 Hours Ago
Jobless claims below forecast
Initial jobless claims edged lower last week, keeping in line with a low layoff trend, the Labor Department reported Thursday
First-time filings for unemployment benefits for the week ended Aug. 22 totaled a seasonally adjusted 203,000, down 4,000 from the prior period and below the Dow Jones consensus for 208,000
Continuing claims, which run a week behind, fell by 18,000 to 1.78 million
— Jeff Cox
12 Hours Ago
Dollar General, HP and Abercrombie & Fitch among the other stocks making moves before the bell
A Dollar General store in New York, US, on Tuesday, June 3, 2025.
Adam Gray | Bloomberg | Getty Images
Check out the companies making the biggest moves premarket:
- Dollar General — The discount retailer jumped 12% after raising its full-year earnings guidance. The company now sees profit between $7.80 and $8 per share, up from a previous range of $7.20 to $7.45 per share. Dollar General also said it “intends to repurchase shares under its existing share repurchase program in the second half of the fiscal year ending January 29, 2027.”
- HP — The PC maker dropped nearly 11% despite beating posting fiscal third-quarter results that beat the Street. Its full-year earnings guidance was also above expectations.
- Abercrombie & Fitch — Shares fell 1.4% after Citi downgraded the retailer to neutral from buy, saying there isn’t much upside left after a monster run for the stock. The apparel name is up 35% earlier this week after it beat on second-quarter estimates and raised its full-year outlook.
Read the full list here
— Ananya Chetia
15 Hours Ago
Trump administration mulls semiconductor tariffs: Politico
Computer chips on a circuit board.
Bloomberg | Bloomberg | Getty Images
Politico reported Thursday morning that the White House is considering a fresh round of tariffs aimed at the semiconductor sector and related goods
Citing eight anonymousproach that would drastically expand the number of items subject to import duties, bringing goods made with semiconductors such as laptops, data center servers and games consoles into the framework
— Chloe Taylor
15 Hours Ago
Pernod Ricard shares fall 6% after earnings
watch now
15 Hours Ago
Software stocks rise after Salesforce, CrowdStrike earnings
Salesforce shares jumped 11.3% in pre-market trading Thursday, after issuing guidance that beat Wall Street estimates and publishing an earnings report that pointed to to a $2.6 billion gain on strategic investments from a stake in AI startup Anthropic
CrowdStrike added 8.3% in the early hours of Thursday after reporting a record second quarter the previous day
The positive earnings helped lift the software stocks more broadly, with the iShares Expanded Tech-Software Sector ETF adding 1.6% ahead of the regular trading session
— Chloe Taylor
15 Hours Ago
U.S. chip stocks rally
U.S.-listed chip stocks joined the global semiconductor rally in pre-market trading, as investors reacted to Nvidia’s blockbuster earnings report
Nvidia itself gained 7.4%, Marvell Technology was 5.8% higher and Micron added 4.5%. The VanEck Semiconductor ETF jumped 3.5%, while the iShares Semiconductor ETF gained 3%
— Chloe Taylor
16 Hours Ago
Nvidia jumps 6% in premarket trading after blockbuster earnings boost AI confidence
Jensen Huang, chief executive officer of Nvidia Corp., during the Nvidia GTC conference in San Jose, California, US, on Wednesday, March 18, 2026.
David Paul Morris | Bloomberg | Getty Images
Nvidia shares rose after the chip giant’s revenue guidance reassured investors that AI demand will remain strong
The stock was last up 5.95% in premarket trading. Shares of necloud firms also rose on Thursday. Nebius and Coreweave were up around 7% and 6% in premarket trading, respectively
Nvidia CFO Colette Kress said on Wednesday that the company expects revenue growth of 70% for fiscal 2028, which runs from February 2027 to January 2028. CEO Jensen Huang said demand “is much greater than 70%,” but the company is constrained by how much product it can supply
Nvidia shares year-to-date.
Read the full story here
— Kai Nicol-Schwarz
16 Hours Ago
Treasury yields move lower
The yield on the 10-year Treasury note was 2 basis points lower at 3:50 a.m. ET, ahead of initial jobless claims data this afternoon. The 2-year and 30-year yields also eased
Investors are also braced for Fed Chair Kevin Warsh’s Friday speech at the Jackson Hole economic symposium, which kicks off today
— Jenni Reid
16 Hours Ago
South Korea’s Kospi gains 1.5% as Asia-Pacific markets close mixed
Japan’s Nikkei 225 closed 0.20% lower at 66,131.98, while South Korea’s Kospi rose 1.53% to 6,912.37
Australia’s benchmark S&P/ASX 200 fell 0.98% to 9,038.20
Hong Kong’s Hang Seng index was down 0.38% in the last hour of trade on Thursday, while mainland China’s CSI 300 closed 0.86% higher at 4,630.28
— Justina Lee
16 Hours Ago
Nvidia reportedly agrees to buy start-up Hugging Face for $12.9 billion
Jaque Silva | Nurphoto | Getty Images
Nvidia has reportedly agreed to buy start-up Hugging Face, a store of open-
Both Business Insider and The Information reported on the deal, citing anonymous
Hugging Face was recently hacked by one of OpenAI’s models, with the ChatGPT developer publishing a technical report on Wednesday detailing how its artificial intelligence models managed to breach the company
Read more on the reported acquisition here
— Chloe Taylor
17 Hours Ago
Chip stocks rise in Europe after Nvidia earnings
European semiconductor stocks jumped in early trading on Thursday, after Nvidia’s revenue growth smashed expectations the previous day
Leading gains in Europe Thursday morning were Dutch chipmaking equipment manufacturers ASML and ASMI, which both added more than 2%, STMicroelectronics, up 3%, and BE Semiconductor, which gained 2%
— Chloe Taylor
17 Hours Ago
European markets open flat; tech stocks jump
European stocks were little changed at the open on Thursday, with the pan-European Stoxx 600 dipping just below the flatline
Regional tech stocks jumped following Nvidia’s blockbuster earnings overnight, with the Stoxx Europe Tech index adding 1.8% and far outpacing other sectors in early trading
— Chloe Taylor
18 Hours Ago
Consumer confidence rises in Germany
Shoppers at Roemerberg square in Frankfurt, Germany, on Wednesday, Aug. 12, 2026.
Ben Kilb | Bloomberg | Getty Images
Consumer sentiment improved slightly in August, according to the latest NIM and GfK Consumer Climate print, but the index still stood in negative territory
Consumers are expecting economic conditions to improve, the data showed, with a significant increase in income expectations driving overall sentiment higher
Despite August being the fourth consecutive month of economic optimism rising, the survey showed German consumers’ willingness to buy “remains at rock bottom.”
— Chloe Taylor
18 Hours Ago
Pernod Ricard sales drop amid demand slump and Iran war
Bottles of Jameson Irish whiskey, Havana Club rum, Beefeater gin, Absolut Vodka, and Olmeca tequila, all produced by Pernod Ricard SA.
Bloomberg | Getty Images
French drinks giant Pernod Ricard, which makes Absolut vodka, Jameson whiskey and Kahlua, reported a 3.9% year-on-year decline in full-year net sales on Thursday, driven by weak demand in the U.S. and China
Full-year net sales totaled 9.4 billion euros, slightly short of a consensus estimate compiled by LSEG. A negative currency impact also hit earnings in 2026, the company said
Pernod Ricard said it now expects organic net sales growth to fall at the lower end of its 3% to 6% guidance range between 2027 and 2029, citing softness in the American market
The company said performance had picked up in the second half of its fiscal year, but improvements were hampered by the U.S.-Iran war in its fourth quarter
The conflict in the Middle East is expected to weigh on sales in the first quarter of its new fiscal year, the firm added
— Chloe Taylor
20 Hours Ago
Oil extends decline as Oman-Iran talks over Hormuz Strait raise hopes of improved supplies
Oil extended declines Thursday as talks between Oman and Iran over reopening the Strait of Hormuz raise hopes for easing supplies
Futures for international benchmark Brent crude for October delivery declined 0.63% to $87.29 a barrel. U.S. West Texas Intermediate futures for October slipped 0.56% at $81.77 per barrel
Iran and Oman are working on finalizing details of an agreement to control the Strait of Hormuz, according to a senior ​Iraniantionary Guards that the two countries had agreed how to share the waterway
Concerns over the Middle East conflict, however, still persists
“A perpetual conflict is being fought in the Middle East, now in its sixth month, significantly longer than the promised four to five weeks,” said Tamas Varga, analyst at PVM Oil Associates, adding that “there is no clear pathway to ending it.”
Any agreement between these two parties does not mean that there will be normalization in oil flows through the key chokepoint, ING said in a note
“We would likely need to see the US lift its blockade on Iranian ports and ease sanctions on Iran before we see any move towards normalization,” ING added
— Justina Lee
21 Hours Ago
China industrial profits growth cools to slowest in seven months at 11.2%
China’s industrial profits growth in July slowed to its weakest pace this year, expanding 11.2% from a year earlier, as soft demand and a broader slowdown in the economy weighed on manufacturers
For the first seven months of this year, profits climbed 17.6% from a year earlier, according to National Bureau of Statistics data released Thursday, loosing momentum following the 18.7% growth in the first half-year
Industrial corporate profitability, however, has seen a notable turnaround, swinging from barely positive growth last year to double-digit gains this year. That recovery was largely helped by a global artificial intelligence boom that fueled demand for computing and electronics equipment manufacturing
— Anniek Bao
21 Hours Ago
Bank of Korea delivers back-to-back rate hikes as core inflation stays elevated
Shin Hyun Song, governor of the Bank of Korea, attends a monetary policy meeting at the central bank’s headquarters in Seoul, South Korea, on Thursday, Aug. 27, 2026.
SeongJoon Cho | Bloomberg | Getty Images
South Korea’s central bank on Thursday raised rates for a second straight time in its bid to cool rising prices, after core inflation reading hit the highest level last month since December 2023
The Bank of Korea hiked rates by 25 basis points to 3%, its highest since January 2025 and in line with analysts’ expectations
The hike comes as core inflation in Asia’s fourth largest economy climbed to 2.6% in July.Â
— Lim Hui Jie
22 Hours Ago
Hong Kong’s Hang Seng falls, mainland China’s CSI 300 flat
Mainland China and Hong Kong shares were little changed on Thursday, with focus on China’s industrial profits data
Profits climbed 17.6% from a year earlier, losing momentum following the 18.7% rate in the first half-year
Hong Kong’s Hang Seng index fell 0.22%, while mainland China’s CSI 300 opened flat
— Justina Lee
23 Hours Ago
Kioxia shares rise 4% as chipmaker reportedly plans a new memory facility
Shares of Japanese memory chipmaker Kioxia rose 4% on Thursday.Â
The move came after Nikkei reported that the company plans to invest more than 1 trillion yen ($6.27 billion) to build a new production facility in northern Japan.Â
Citi said the reported plan was not a surprise, adding that Kioxia had indicated at its June investor day that a new facility would be needed by the second half of 2029
The bank said it would view the news as “somewhat positive” if confirmed, as it could signal strong demand through 2028, with some demand extending beyond 2029
— Jenny Lee
24 Hours Ago
South Korea’s Kospi advances 2.5%, Japan’s Nikkei gains 0.5%
Asia-Pacific markets traded broadly higher early Thursday
Japan’s Nikkei 225 added 0.49% while the Topix rose 0.15%. The Kospi rose 2.48% at open, while the small-cap Kosdaq gained 1.06%
Australia’s benchmark S&P/ASX 200 was marginally lower
— Justina Lee
Wed, Aug 26 20267:02 PM EDT
Huang says Amazon GPU deal includes ‘millions of CPUs’
watch now
In an interview with CNBC’s Mad Money, Huang gave some more details on the company’s agreement with AWS
He said in addition to the 2 million GPUs that Amazon plans to buy, the cloud company can purchase “millions of CPUs,” Huang said, referring to central processors. Nvidia is currently ramping up sales of its first ground-up CPU called Vera, competing with Intel and Advanced Micro Devices, the traditional CPU leaders
Huang said Amazon will also use Nvidia’s technology for its robotics
— Kif Leswing
Wed, Aug 26 20267:25 PM EDT
Japan’s Nikkei 225 set to rise at open
Asia-Pacific markets were set to open mixed Thursday, with focus on China industrial profits data due later in the day and the Jackson Hole Economic Policy Symposium for clues on the U.S. interest rate paths
Japan’s Nikkei 225 was poised to rise, with the Chicago futures contract at 66,995 and its Osaka counterpart last trading at 66,120, compared with the index’s previous close of 66,262.16
Hong Kong Hang Seng index futures were at 25,615, compared with the index’s last close of 25,652.97
Futures for Australia’s S&P/ASX 200 last traded at 9,068, while the index closed at 9,127.80
Developments in the Middle East remain in focus, as traders sift through conflicting reports. While President Donald Trump said that the U.S. Navy had removed and detonated explosives laid out by Iran, a Bloomberg report said that U.S. allies were privately warning that the Strait of Hormuz is still likely mined
— Justina Lee
Wed, Aug 26 20266:10 PM EDT
Salesforce and Okta among major movers after the bell
A Salesforce sign is displayed at their office on Feb. 25, 2026 in San Francisco, California.
Benjamin Fanjoy | Getty Images
Beyond Nvidia, here are some other stocks making notable moves after the bell:
- Salesforce — The maker of customer relationship management software soared 12% postmarket after reporting second-quarter revenue of $11.35 billion versus a consensus estimate among analysts of $11.32 billion, according to LSEG data. Earnings more than doubled from a year ago on an adjusted basis to $5.90 per share due to an investment gain. Salesforce would add 160 points to the Dow Jones Industrial Average on Thursday if the stock’s current gain holds.
- Okta – Shares surged 19% after the company’s second-quarter results exceeded analyst expectations. Okta reported adjusted earnings of $1.05 per share on revenue of $805 million for the quarter. That’s above the 97 cents in earnings per share and $795 million in revenue that analysts surveyed by LSEG had expected. The company also raised its earnings and revenue guidance for the full year.
- Agilent Technologies — The medical technology stock jumped 4% on a stronger-than-expected revenue report for its third quarter. Agilent said it brought in $1.88 billion in revenue, while analysts polled by FactSet forecast $1.84 billion, per FactSet.
See the full list here
— Alex Harring
Wed, Aug 26 20266:05 PM EDT
Nvidia shares jump after earnings report
Nvidia shares jumped more than 4% in extended trading Wednesday after the company beat analyst expectations and issued a strong revenue growth forecast
The chipmaker could diverge against its recent pattern of seeing shares slide following earnings reports
Nvidia shares fell more than 1% ahead of the report in Wednesday’s session. The stock has fallen in eight of its last nine trading days
Follow live updates from the report here
— Alex Harring
Wed, Aug 26 20266:04 PM EDT
Stock futures advance
Stock futures jumped shortly after 6 p.m. ET Wednesday night
Dow and S&P 500 futures climbed 0.3% and 0.5%, respectively. Nasdaq 100 futures popped 0.8%
— Alex Harring
Read More
