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Wall Street Ends at Records, After-Hours Signals Mixed
The Dow, S&P 500, and Nasdaq finished at record highs Wednesday, but after-hours trading showed mixed signals with Snowflake surging and Salesforce falling. Oil prices rebounded on U.S.-Iran tensions.
ServiceNow Stock Rises 2.2% on Steady Enterprise Demand Signals
ServiceNow shares rose 2.2% to $102.12, outperforming software peers as Oppenheimer reaffirmed its Outperform rating and $130 target after a customer survey showed steady enterprise demand.
Alaska-Hawaiian Merger Hits Turbulence Over Flight Attendant Uniforms
Alaska Air Group's merger with Hawaiian Airlines faces a cultural clash as flight attendants protest new uniform rules banning leis and aloha shirts on certain flights.
Nebius Surges 11.5% After AI Fund Discloses 5.6% Stake
Nebius Group shares surged 11.47% after-hours Wednesday after a filing showed Situational Awareness LP took a 5.6% stake. The AI cloud firm reported Q1 revenue of $399M, up 684%.
Robinhood Gains 2.9% on AI Agent Trading and Credit Card Launch
Robinhood shares climbed 2.9% to $76.23 as the broker debuted AI-agent trading in beta for equities and introduced AI-linked credit card features, targeting growth beyond market volatility.
Everpure Beats Q1 Estimates but Shares Dip on Rising Memory Costs
Everpure reported Q1 revenue of $1.05B, up 35% YoY, beating estimates. However, shares fell 2.8% as rising memory costs from AI demand pressure margins.
HP Shares Swing After AI PC Demand Boosts Earnings Beat
HP Inc. shares swung after fiscal Q2 earnings beat estimates, with revenue up 9% to $14.4 billion. AI PC demand and Windows 11 upgrades drove growth, but rising component costs trimmed the full-year profit outlook.
Nu Holdings Edges Up on Nubank's $130 Million Colombia Expansion
Nu Holdings shares edged up 0.4% to $13.03 after Nubank's $130 million Colombia investment and 5 million customer milestone, though the stock is down 22% YTD amid credit quality concerns.
SoFiUSD Stablecoin Launch Lifts Shares as SoFi Tests Blockchain Payments
SoFi shares climbed to $16.17 after launching SoFiUSD stablecoin for nearly 15 million members, with plans to list on Bullish exchange by end of June.
American Airlines CEO Keeps Guidance Steady Amid Rising Fuel Costs
American Airlines CEO Robert Isom says strong revenue and premium bookings offset higher fuel costs, keeping full-year guidance unchanged despite a $4-5 billion fuel bill increase.