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Home Wall Street

Yesterday on Wall Street

by manhattantribune.com
8 May 2024
in Wall Street
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Yesterday on Wall Street
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The title Walt Disney fell 9.5% to 105.4, the increase in its annual objectives was obscured by turnover and cash flow judged to be a little tight over the past quarter.

You’re here lost 3.76% to 177.81 after recording an 18% year-on-year drop in sales of Chinese-made electric vehicles.

Apple (+0.38% to 182.4) announced that it was developing its own chip to run artificial intelligence programs in data centers.

Amazon (+0.03% to 188.76) plans to spend $8.9 billion over the next 4 years to develop its cloud computing infrastructures in Singapore.

Microsoft (-1.02% to 409.34) was the subject of a complaint to the competition authority in Spain filed by a Spanish association representing more than 700 startups which accuses it of its practices in the cloud computing.

The beauty products group Coty (-3.48% to 11.1) published a turnover higher than expectations for the 3th quarter, while announcing that it expects to achieve its annual objectives thanks to stable demand for its luxury and consumer products.

Boeing fell -0.92% to 176.71 after NASA said that on 1er Crewed test flight of its Starliner spacecraft has been postponed due to a failure of the Atlas V rocket that will carry the new capsule into orbit.

The Data Analytics Company Palantir Technologies (-15.09% to 21.41) raised its annual revenue and profit forecasts to a lower level than expected.

Lucid (-0.96% to 1.03) reported a turnover above consensus for the 1er quarter, despite price cuts that helped the company sell more luxury electric sedans.

Realty Income (-0.78% to 55.02) announced a turnover higher than expectations, thanks to a higher occupancy rate and an increase in its rental income.

Spirit Aerosystems (-0.3% to 32.92) reported an increase in its cash consumption for 1er quarter, due to a drop in 737 production at Boeing, its largest customer.

The manufacturer of electric trucks Nikola (-5.41% to 0.602) missed Wall Street expectations for its quarterly revenue after delivering fewer trucks amid an uncertain macroeconomic outlook and reduced customer spending.

THE Dow Jones thus increased by 0.08% to 38,884.26 points, the Nasdaq Composite dropped 0.10% to 16,332.55 points and the S&P 500 took 0.13% to 5,187.7 points.

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