Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
GE Aerospace on Thursday forecast a stronger profit for the year after its fourth-quarter earnings exceeded Wall Street estimates as strong travel demand amid persistent shortages of new aircraft bolstered sales of its high-margin parts and services.
GE Aerospace was long considered one of the crown jewels inside of the General Electric conglomerate. Now independent, the company is demonstrating to investors what it is capable of. GE earned $1.32 per share in the fourth quarter on revenue of $10.8 billion, easily surpassing Wall Street's consensus $1.04 per share on $9.5 billion estimates.
U.S. stock index futures showed mixed trends, with Dow E-minis slightly up while S&P 500 and Nasdaq 100 E-minis were down. Investors focused on GE Aerospace's positive 2025 profit forecast and American Airlines' negative outlook.
Stock futures are mixed early Thursday morning, with Dow futures (YM=F) in the green. Investors are eagerly awaiting comments from President Donald Trump, who is set to virtually address World Economic Forum attendees at 11 a.
U.S. stock markets experienced mixed movements as investors digest a combination of corporate earnings and President Trump's ambiguous trade policy remarks at the World Economic Forum. The S&P 500 index approaches a record high,
GE Aerospace blew past Wall Street’s expectations for fourth-quarter and full-year 2024 earnings, and it issued better financial guidance for 2025 than what most financial analysts were forecasting. But GE Chairman and CEO Larry Culp Jr. tells Aviation Week that the better-than-expected results and...
Stock via Getty Images The latest gathering of the world's political and business elite, plus the usual smattering of celebrities, is
U.S. West Texas Intermediate crude (WTI) fell $1.01, or 1.34%, to $74.43. The broader economic implications of U.S. tariffs could further dampen global oil demand growth, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.
Engine, services and defense revenues all climbed. GE Aero also is hiking its dividend and set a stock buyback.
The Dow Jones index rose but other indexes lagged in the stock market today. Yield rose as investors awaited Trump's Davos address.
In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.