The company sees full-year sales from $4.21 billion to $4.33 billion, with a midpoint higher than forecasts. COO Ken Bull said that the company was successful in its plan to go into the holiday season “with the goal of showcasing more newness with key trend-right, value product, while also improving our operational execution and in-store experience.” Also Thursday, the company said it is expanding its partnership with Uber (UBER), launching a pilot program of Uber Eats deliveries from 10 Cheddar’s Scratch Kitchen locations. Monthly retail sales were up 0.2%, versus estimates of a 0.6% rise, while the previous month’s 0.9% drop was revised to a fall of 1.2%.
Elon Musk’s DOGE Is Slowing Revenues, Sparking Uncertainty, Accenture Warns: Live Updates
On Monday, a White House official said it’s more important to look at the longer term. According to a February Bureau of Labor Statistics report, the unemployment rate was 4.1 percent. While some indicators point to a slowdown, others suggest resilience. The debate over whether the United States is truly on the brink of a recession remains unsettled, but key warning signs island candlestick pattern are emerging. Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Wall Street is worried that Trump will ruin the soft landing
- Members of the Fed’s policy committee scaled back their growth forecasts and raised their projections for inflation.
- The stock gained nearly 7% yesterday, leading advancers on both the S&P 500 and Dow Jones Industrial Average.
- Should the administration escalate trade restrictions, the risk of an economic contraction may increase, especially as businesses struggle to adapt to shifting supply chains and rising costs.
- The tech-heavy Nasdaq fell 4% as it plunged deeper into “correction” territory, meaning it is off more than 10% from recent highs.
You can choose to buy the shares of individual companies listed on the Dow Jones, or track the performance of the index as a whole. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab). “We see a material risk that the US falls into recession this year owing to extreme US policies,” JPMorgan economists wrote in a note to clients last Friday. The company lifted the bottom of its full-year revenue range projection to 5% growth from 4% previously.
Analysts polled by Visible Alpha expected $1.81 and $6.40 billion, respectively. Investors were awaiting a handful of noteworthy earnings reports after the bell. Shares of Micron (MU) rose nearly 1% during the regular session and added another 2% in extended trading after the memory chip maker released better-than-expected results and a strong outlook.
Please bear with us as we address this and restore your personalized lists. Please note before you can trade US shares, you must complete and return a W-8BEN form. All market data (will open in new tab) is provided by Barchart Solutions. Sign up for CNN Business’ newsletter for the top stories you need to know. Get the latest updates on pre-market movers, S&P 500, Nasdaq Composite and Dow Jones Industrial Average futures. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria.
Darden Stock Jumps as CEO Says Consumers Still Spending
It also raised the lower end of its EPS forecast to $12.55 from $12.43. Despite today’s roughly 7% gain, shares of Five Below have sunk more than 60% over the past year. To “change the narrative” around the stock, Musk needs to “formally announce (he) is going to balance DOGE and being Tesla CEO,” the analysts said.
- Please note before you can trade US shares, you must complete and return a W-8BEN form.
- Darden Restaurants (DRI) shares surged Thursday as its CEO said consumers are still spending at its establishments, outweighing news that fiscal 2025 third-quarter sales came in weaker than expected.
- Accenture (ACN) shares fell sharply Thursday after the professional services firm reported higher revenue but lower profit than analysts expected for its fiscal 2025 second quarter.
- The Federal Reserve Bank of Atlanta’s GDPNow model forecasts a -2.4 percent contraction in the U.S. economy for the first quarter of 2025, the worst since the COVID-19 pandemic’s economic downturn, according to Forbes.
- On Monday, a White House official said it’s more important to look at the longer term.
The electric vehicle maker has also given up all its post-election gains as CEO Elon Musk has become a ubiquitous presence in Trump’s White House. Several upcoming economic reports will offer further insight into the economy’s trajectory. Analysts are closely watching the U.S. employment report and core inflation data, set to be released later this week. If these numbers confirm weakening labor markets or higher-than-expected inflation, concerns about an impending recession will likely grow.
Republicans Take Stand Against Reported Trump Admin Plan
Nike (NKE) was down 5% in after-hours trading despite reporting earnings that topped analysts’ estimates, while FedEx (FDX) also fell 5% after the bell following a disappointing quarterly report. Trump’s comments related to a possible recession sent markets tumbling even more. The Dow Jones Industrial Average dropped 2.5 percent, or 1,060 points, by 3 p.m.
Major stock indexes closed slightly lower Thursday as the market took a breather from a recent rally, with little in the way of corporate or economic news to drive sentiment during the session. Investing in individual companies isn’t right for everyone – it’s higher risk as your investment is dependent on the fate of that company. You should make sure you understand the companies you’re investing in, their specific risks, and make sure any shares you own are held as part of a diversified portfolio.
This method of investing provides more diversification than choosing individual shares but you should remember that all investments go down as well as up, so you could get back less than you invest. The Dow Jones is a market index made up of 30 prominent companies, listed on stock exchanges in the United States. The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
Nvidia stock just flashed a dreaded technical ‘death cross’ signal
Microchip Technology (MCHP) shares fell 6.5%, leading Nasdaq decliners, as the struggling semiconductor firm moved to sell a plant in Arizona and launched a $1.35 billion convertible stock offering. IBM (IBM) shares slipped 3.6%, posting the biggest losses among Dow components. The gauges continued a climb after a sell-off that saw the S&P 500 enter correction territory and the Dow book its worst weekly performance since March 2023. Markets have been buffeted by economic slowdown fears and uncertainty over Trump’s unpredictable tariff policy.
A statement like this, the analysts said, could prevent permanent brand damage what is a forex spread the complete explanation for the U.S. car maker. Microchip Technology announced last December that it planned to offload the Tempe facility to restructure its manufacturing operations. For the current quarter, Jabil sees adjusted EPS between $2.08 and $2.48, and revenue of $6.7 billion to $7.3 billion, ahead of estimates.
On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda. Ives, along with two other Wedbush analysts, stuck with an outperform rating and $550 price target for Tesla. However, the analysts said that the company is suffering a “brand tornado crisis” due to a political backlash from Musk’s work with DOGE—the Trump administration’s cost-cutting agency. Microchip Technology shares were down about 5% Thursday afternoon and have lost more than 40% of their value over the last year.
Jabil shares were up 3% in Thursday afternoon trading and had inched back into positive territory for 2025. On Monday, rate-cut bets this year rose after a fresh print showed retail sales increased less than expected in February, while January’s reading was revised lower. Our website offers information about investing and saving, but not personal advice. If you’re not sure which investments are right for you, please request advice, for example from our financial advisers. If you decide to invest, read our important investment notes first and remember that investments can go up and down in value, so you could get back less than you put in.
Will Trump will be able to remove of birthright citizenship?
Cava Group (CAVA) shares jumped Thursday after the fast-casual restaurant chain’s stock got an upgrade from JPMorgan analysts, expecting growth as Cava expands its locations. The tech sector is the second-highest rated sector—63% of ratings are Buys—bested only by energy, with 65%. Meanwhile consumer staples, a traditionally defensive sector that tends to outperform when investors expect a recession, has the lowest share of Buy ratings (41%).
For the full year, it projects EPS of $8.95 on revenue of $27.9 billion, also topping projections amid expectations Jabil could continue to benefit from strong demand for AI. The stock surged more than 4% Thursday to close at $84.66, though even with Thursday’s gains, they’ve lost over 40% of their value since closing at a record high of of $150.88 in December. Wall Street is also bracing for the Federal Reserve’s two-day meeting starting Tuesday, where it is widely expected to stand pat on interest rates. Investors will look for any sign that Trump’s policies are changing the central bank’s views of the future of the economy. Meanwhile, the New York Fed’s reading on manufacturing activity in New York state showed a sharp pullback in March, with the headline business conditions index falling to -20 from a reading of 5.7 in February.
The S&P 500 fell into a correction last week amid growing concerns free forex software about the Trump administration’s tariff policies and the potential they’ll raise prices and slow economic growth. Investors are up in arms about Trump’s seemingly chaotic economic policy. Even before debates about how protests against Musk and Tesla have affected shares, flagging sales in Europe and especially China, Tesla’s most important market, were already taking a bite out of the company’s value. Those anti-Musk protest have largely been in response to the tech billionaire’s leadership of Trump’s Department of Government Efficiency.
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