Stocks close mixed on news of GDP decline, recession fears grow
Major earnings later Wednesday will be closely watched by Wall Street: Qualcomm, Meta, and Microsoft all report after the bell.
Meta (NASDAQ:META) Exceeds Q1 Expectations
Social network operator Meta Platforms (NASDAQ:META) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 16.1% year on year to $42.31 billion. The company expects next quarter’s revenue to be around $44 billion, close to analysts’ estimates. Its GAAP profit of $6.43 per share was 23.1% above analysts’ consensus estimates.
FormFactor (NASDAQ:FORM) Beats Q1 Sales Targets, Stock Soars
Semiconductor testing company FormFactor (NASDAQ:FORM) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 1.6% year on year to $171.4 million. Guidance for next quarter’s revenue was better than expected at $190 million at the midpoint, 2% above analysts’ estimates. Its non-GAAP profit of $0.23 per share was 21.1% above analysts’ consensus estimates.
Mexico Economy Narrowly Dodges Recession Amid US Trade Chaos
(Bloomberg) -- Mexico’s economy expanded slightly in the first quarter on a jump in agricultural output, allowing President Claudia Sheinbaum to avoid recession as she steers the nation through an unpredictable US tariff policy. Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First Quarte
Investors Want Clarity From Trump After a Wild April for Stocks
(Bloomberg) -- April gave stock market investors a little bit of everything: Tears as share prices plunged when President Donald Trump started a global trade war, relief as they bounced back when he paused some of his harshest tariffs, and confusion as they rose despite increasing signs of economic turmoil. Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at
Heartland Express (NASDAQ:HTLD) Misses Q1 Revenue Estimates
Freight delivery company Heartland Express (NASDAQ:HTLD) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 18.8% year on year to $219.4 million. Its GAAP loss of $0.18 per share was significantly below analysts’ consensus estimates.
The U.S. dollar’s strongest ally is crypto
The spread of stablecoins means millions of people around the world are holding dollars for the first time.
Why Is Qorvo (QRVO) Stock Rocketing Higher Today
Shares of communications chips maker Qorvo (NASDAQ: QRVO) jumped 11.4% in the pre-market session after the company reported impressive first-quarter 2025 results, which blew past analysts' revenue, EPS, and adjusted operating income expectations. In addition, its full-year revenue guidance topped Wall Street's estimates. Revenue declined 7.6% compared to the same period last year. Still, performance was better than expected thanks to gains in its High-Performance Analog segment and stable demand
Watch These Starbucks Price Levels as Stock Drops After 'Disappointing' Results
Starbucks shares fell sharply Wednesday after the coffee chain posted quarterly results that came in below Wall Street's expectations. Monitor these crucial post-earnings chart levels.
Oil Slump Accelerates on Signs OPEC+ Will Maintain Higher Output
(Bloomberg) -- Oil settled below $60 a barrel for the first time in three weeks as signs emerged that the Saudi-led OPEC+ alliance may be entering a prolonged period of higher production. Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterThe Last Thing US Transit Agencies Shoul