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Dow notches record high close after upbeat economic data

US STOCKS-Dow notches record high close after upbeat economic data Economic data supports expectation of 25 bps cut in September Marvell jumps after forecast beats estimates Ulta Beauty tumbles following annual forecast trim S&P 500 +1.01%, Nasdaq +1.13%, Dow +0.55% Adds detail on upcoming economic data, Novavax gains in paragraphs 8, 18 By Noel Randewich Aug 30 (Reuters) - Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon clim
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Dow notches record high close after upbeat economic data

US STOCKS-Dow notches record high close after upbeat economic data Economic data supports expectation of 25 bps cut in September Marvell jumps after forecast beats estimates Ulta Beauty tumbles following annual forecast trim S&P 500 +1.01%, Nasdaq +1.13%, Dow +0.55% Updates with closing prices By Noel Randewich Aug 30 (Reuters) - Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S.
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S&P ends higher after upbeat economic data

US STOCKS-S&P ends higher after upbeat economic data Economic data supports expectation of 25 bps cut in September Marvell jumps after forecast beats estimates Ulta Beauty tumbles following annual forecast trim Updates with market close By Noel Randewich Aug 30 (Reuters) - The Nasdaq and S&P 500 ended higher on Friday, with Tesla and Amazon climbing after fresh U.S.
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S&P 500 inches up after upbeat economic data

US STOCKS-S&P 500 inches up after upbeat economic data Economic data supports expectation of 25 bps cut in September Marvell jumps after forecast beats estimates Ulta Beauty tumbles following annual forecast trim S&P 500 +0.18%, Nasdaq +0.31%, Dow -0.17% Updated at 1:55 p.m. ET/ 1755 GMT By Noel Randewich and Johann M Cherian Aug 30 (Reuters) - The Nasdaq and S&P 500 rose on Friday, with Tesla and Amazon climbing after fresh U.S.
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Chipmaker Marvell jumps as Q3 revenue forecast tops Wall Street estimates

BUZZ-Chipmaker Marvell jumps as Q3 revenue forecast tops Wall Street estimates ** Chipmaker Marvell Technology's MRVL.O shares rise about 9% to $76.36, in afternoon trade ** After market on Thursday, MRVL forecast Q3 revenue above Wall Street estimates on the back of strong demand for its electro-optics products and an increase in custom AI programs ** Company sees Q3 revenue to be $1.45 bln, plus or minus 5%, compared with ests.
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Nasdaq, S&P 500 inch up before Labor Day weekend on rate-cut hopes

US STOCKS-Nasdaq, S&P 500 inch up before Labor Day weekend on rate-cut hopes For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. PCE data shows inflation rose 2.5% in July Marvell jumps after forecasting Q3 results above estimates Ulta Beauty tumbles following annual forecast trim Intel up on report chipmaker exploring options Indexes up: Dow down 0.21%, S&P 500 up 0.11%, Nasdaq up 0.28% Updated at 11:42 a.m.
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Wall St up as rate-cut hopes hold firm after inflation data

US STOCKS-Wall St up as rate-cut hopes hold firm after inflation data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. PCE data shows inflation rose 2.5% in July Marvell jumps after forecasting Q3 results above estimates Ulta Beauty tumbles following annual forecast trim Intel up on report chipmaker exploring options Indexes up: Dow 0.28%, S&P 500 0.65%, Nasdaq 0.89% Updated at 09:44 a.m.
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Wall Street poised for higher open after July inflation data

US STOCKS-Wall Street poised for higher open after July inflation data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. PCE data shows inflation rose 2.5% in July Marvell jumps after forecasting Q3 results above estimates Ulta Beauty tumbles following annual forecast trim Dell gains after raising annual results forecast Futures up: Dow 0.19%, S&P 500 0.45%, Nasdaq 0.84% Updated at 08:43 a.m.
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Futures gain ahead of inflation data as Fed's September meeting looms

US STOCKS-Futures gain ahead of inflation data as Fed's September meeting looms For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Marvell jumps after forecasting Q3 results above estimates Ulta Beauty tumbles following annual forecast trim Dell gains after raising annual results forecast July PCE data due at 8:30 a.m.
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Futures rise, inflation data in spotlight as Fed's September meeting nears

US STOCKS-Futures rise, inflation data in spotlight as Fed's September meeting nears For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.16%, S&P 500 0.38%, Nasdaq 0.65% Aug 30 (Reuters) - U.S. stock index futures traded higher on Friday as investors focused on a crucial inflation report that could influence expectations about the extent of the Federal Reserve's interest-rate cuts this year.
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Record highs abound, except in usual place

MORNING BID AMERICAS-Record highs abound, except in usual place A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again - though not yet for the usual suspects in the S&P500 .SPX and Nasdaq .IXIC . Despite a rare stumble for the artificial intelligence theme after Nvidia's results underwhelmed this week, the rest of the stock market complex shrugged it off and has instead lapped up a tasty diet of brisk economic growth
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U.S. Autodesk, Elastic NV, GMS

U.S. RESEARCH ROUNDUP-Autodesk, Elastic NV, GMS Aug 30 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Autodesk, Elastic NV and GMS, on Friday. HIGHLIGHTS * Autodesk Inc ADSK.O : RBC raises target price to $313 from $290 * Elastic NV ESTC.N : Piper Sandler cuts target price to $100 from $131 * GMS Inc GMS.N : Truist Securities cuts target price to $90 from $95 * Nvidia Corp NVDA.O : Baird raises target price to $150 f
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Marvell Technology Inc reports results for the quarter ended in July 31 - Earnings Summary

Marvell Technology Inc reports results for the quarter ended in July 31 - Earnings Summary Marvell Technology Inc MRVL.OQ reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of twenty eight analysts for the quarter was for earnings of 30 cents per share.
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Marvell Tech gains after upbeat Q3 forecast, Q2 revenue beat

BUZZ-Marvell Tech gains after upbeat Q3 forecast, Q2 revenue beat ** Shares of chipmaker Marvell Technology MRVL.O up 6.3% at $74.5 in extended trading ** Company forecasts Q3 results above Wall Street estimates; sees revenue to be $1.45 bln, plus or minus 5%, vs ests. of $1.40 bln - LSEG data ** Expects Q3 adj. EPS of 40 cents, plus or minus 5 cents, vs ests.
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Chipmaker Marvell Tech beats quarterly revenue estimates amid AI surge

Chipmaker Marvell Tech beats quarterly revenue estimates amid AI surge By Juby Babu Aug 29 (Reuters) - Chipmaker Marvell Technology MRVL.O surpassed expectations for quarterly revenue and forecast third-quarter results above Wall Street estimates on Thursday, on the back of strong demand for its electro-optics products and an increase in custom AI programs.
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Marvell Technology Q2 0.22

BRIEF-Marvell Technology Q2 EPS USD -0.22 Aug 29 (Reuters) - Marvell Technology Q2 revenue USD 1,272.9 million vs. IBES estimate USD 1,252 million. Q2 gross profit USD 587.6 million Q2 pretax profit USD -146.2 million Q2 operating income USD -100.4 million Q2 net income USD -193.3 million Q2 gross margin 46.2% outlook Q3 revenue USD 1,450 million o
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Semiconductor stocks shrug off Nvidia losses as AI boom seen intact

BUZZ-Semiconductor stocks shrug off Nvidia losses as AI boom seen intact ** Most U.S.-listed chip stocks reverse early losses after results from industry leader Nvidia ** Philadelphia Semiconductor Index .SOX gains 1.2%, recovering from two-week low touched Wednesday ** All SOX constituents minus Nvidia gain ** Nvidia NVDA.O down over 4% after its
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Semiconductor index at two-week low ahead of Nvidia results

BUZZ-Semiconductor index at two-week low ahead of Nvidia results ** Shares of U.S. chipmakers slip ahead of closely watched results from industry leader Nvidia NVDA.O ** The Philadelphia Semiconductor Index .SOX falls 2.5% to its lowest since Aug. 14 ** Nvidia NVDA.O loses 2.6% ahead of results after the bell on Wednesday, with expectations high for the industry heavyweight ** Memory chipmaker Micron Technology MU.O second-largest decliner on the index, down 4% after Mizuho cuts price target to
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What to Watch in the Day Ahead - Thursday, August 29

What to Watch in the Day Ahead - Thursday, August 29 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT On the U.S. economic calendar, the Commerce Department’s Bureau of Economic Analysis is scheduled to release the second estimate for the second-quarter gross domestic product data.
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Marvell Technology Inc <MRVL.OQ> expected to post earnings of 30 cents a share - Earnings Preview

Marvell Technology Inc expected to post earnings of 30 cents a share - Earnings Preview Marvell Technology Inc MRVL.OQ MRVL.O is expected to show a fall in quarterly revenue when it reports results on August 29 for the period ending July 31 2024 The Wilmington Delaware-based company is expected to report a 6.6% decrease in revenue to $1.252 billion from $1.34 billion a year ago, according to the mean estimate from 26 analysts, based on LSEG data.The company's guidance on May 30 2024, for the p
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