Over the past six months, Nexstar Media’s shares (currently trading at $149.58) have posted a disappointing 15.5% loss while the S&P 500 was down 2.9%. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
The trio of weak economic data points hit the stock market Wednesday as investors dealt with concerns that the US economy is headed for a recession.
Microsoft shares surged in extended trading Wednesday after the company issued quarterly results and guidance that topped Wall Street's expectations. boosted by strong growth in its cloud business. Monitor these important chart levels.
Woodside deciding to proceed with the project without a material sell-down of its offtake exposure has eroded ratings headroom, the rating agency said. However, the agency affirmed its 'BBB+' long-term issuer credit rating and 'BBB+' long-term issue ratings on Woodside and its senior unsecured notes. Earlier this week, the Australian oil and gas company approved a multi-billion dollar LNG project in Louisiana, confident of a pro-fossil fuel U.S. administration and strong demand.
The eyeball-scanning crypto play had originally stayed out of the U.S. market amid a more uncertain regulatory regime.
Freight transportation intermediary C.H. Robinson (NASDAQ:CHRW) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 8.3% year on year to $4.05 billion. Its non-GAAP profit of $1.17 per share was 11.3% above analysts’ consensus estimates.
LONDON (Reuters) -Oil rebounded on Thursday after strong earnings from Meta and Microsoft supported U.S. equities and offset concerns about the U.S. economy and the prospect of higher OPEC+ oil output. U.S. West Texas Intermediate crude futures rose 47 cents or 0.8% to $58.68 a barrel by 1442 GMT. Brent crude futures gained 71 cents or 1.2% to $61.77.
Restaurant company Cheesecake Factory (NASDAQ:CAKE) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 4% year on year to $927.2 million. Its non-GAAP profit of $0.93 per share was 13.9% above analysts’ consensus estimates.
The stock market opens at 9:30 a.m. Monday through Friday, but extended trading hours make it possible to trade even when the market is closed.
The tariff-fueled drop in stocks would be relatively mild compared to what the market could see if recession strikes, Goldman Sachs said.
