Minneapolis Fed President Neel Kashkari said the U.S. central bank was “not done yet” with inflation, noting that it had declined rapidly to near the target of 2 %.
Alphabet (0.9% to 144.1) would be looking for external investors for its high-speed internet division GFiber, in competition with the services offered by Comcast (-1% to 44.42), Verizon Communications (-0.68% to 41.1) and AT&T (-0.65% to 17.61), in order to extend its offer to new American cities.
According to the Bloomberg agency, Chinese President Xi Jinping is preparing to discuss the stock market with financial regulators, which has revived speculation of a recovery plan. Chinese stocks listed on Wall Street were sought after as well Alibaba Group Holding gained 4.82% to 78.23, JD.COM 7.68% at 24.11 and PDD Holdings 3.83% at 125.78.
Palantir Technologies (+30.74% to 21.86) anticipates a profit this year above Wall Street expectations thanks to strong demand for its offerings based on artificial intelligence (AI). Additionally, Jefferies moved from Underperform to Hold.
Eli Lilly (-0.17% to 705.01) forecasts 2024 profit above Wall Street estimates, thanks to demand and increased production capacity for its weight loss drug Zepbound and its diabetes medication Mounjaro.
Dupont de Nemours (+7.34% to 65.7) beat Wall Street estimates for its fourth-quarter profit, as the chemical maker benefited from cost-cutting measures.
KKR (+5.8% to 93.58) reported quarterly profit up 4% thanks to strong growth in revenues from asset sales as well as management and transaction fees.
The Space Tourism Society Virgin Galactic Holdings (+8.73% to 1.8) would have informed the Federal Aviation Administration (FAA) of the detachment of a part, without impact on safety, during a flight of the VMS Eve during the mission Galactic 06.
FMC Corp fell 11.55% to 53.44 after the agricultural products specialist published a quarterly profit below expectations and weak forecasts for 2024.
THE Dow Jones thus gained 0.37% to 38,521.36 points, the Nasdaq Composite 0.07% to 15,609 points and the S&P 500 0.23% to 4,954.23 points.
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