Qualcomm (+9.74% to 180.1) communicated sales and profit forecasts above Wall Street expectations for 3th quarter, driven by the faster-than-expected recovery of the smartphone market.
Ebay (-3.27% to 49.39) anticipates revenue lower than Wall Street estimates on 2th quarter, as demand slows for certain product categories such as collectibles and auto parts.
Microsoft (+0.73% to 397.84) announced its intention to invest $2.2 billion over the next four years in Malaysia to develop cloud computing and artificial intelligence services ( Generative AI in Asia.
Moderna (+12.68% to 125.59) published a quarterly turnover higher than Wall Street expectations but significantly lower than that of the previous year, which had benefited from high demand for vaccines against Covid- 19.
American International Group (+3.02% to 78.1) announced a profit above expectations on 1er quarter, thanks to the growth of the general insurance, life insurance and retirement insurance divisions and the decline in claims.
Metlife (-2.28% to 70.24) reported an increase in its profit on 1er quarter, thanks to higher premiums and strong investment returns.
Etsy fell 15.06% to 59.24, as the group reported lower-than-expected gross merchandise sales and profit in the first quarter, due to a drop in demand.
Doordash (-10.32% to 114.31) forecasts lower than expected profit for 2th quarter, despite revenues above consensus, rising costs erode gains linked to increased orders.
Marathon Oil (-0.04% to 26.09) narrowly beat first-quarter profit forecasts, helped by rising oil and natural gas prices.
Shale oil producer’s first quarter profit Devon Energy (-0.21% to 50.34) beat first-quarter consensus on Wednesday as higher production in the Delaware Basin helped it offset lower natural gas prices.
The world’s largest producer of lithium for electric vehicle batteries Albemarle (+5.29% to 125.3) posted a first quarter profit below consensus, due to falling prices.
THE Dow Jones thus increased by 0.85% to 38,225.66 points, the Nasdaq Composite by 1.51% to 15,840.96 points and the S&P 500 by 0.91% to 5,064.20 points.
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