Stock Market Today: Dow edges lower
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Palo Alto Networks jumped 6.3% overnight after the cybersecurity company beat Wall Street’s sales and profit forecasts. The California company also announced the retirement of Nir Zuk, its founder, chief technology officer and board member.
Consumer companies fell, but not by as much as the broad market, as the first major earnings report of the quarter from the sector was well received.
The Dow Jones Industrial Average rises 10.5 points to 44,922.27. Read more at straitstimes.com. Read more at straitstimes.com.
Investors continue to price in a 0.25% cut from the Federal Reserve next month, although they have lowered their expectations about that.
Major stock indexes were mixed in late trading Thursday as investors reacted to a flurry of earnings reports from major companies, notably tech giants Tesla and Alphabet, and awaited new developments related to tariffs.
The last time all five record highs came in one week was November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. The Nasdaq gained 0.24%, or 50.36 points, to ...
Warren Buffett’s Berkshire Hathaway lost its spot in the trillion-dollar market-cap club after a lackluster [quarterly earnings report](
These robust results have enhanced our financial position and thus our ability to return capital to shareholders,” News Corp CEO Robert Thomson said.
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