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Tech, Energy, and Autos in Focus as Markets Open Amid Inflation Jitters
U.S. stocks open at record highs Monday, but March inflation surged and factory input costs hit a four-year peak. Oil prices rose on Strait of Hormuz tensions, while Spirit Airlines ceased operations.
McDonald's Shares Dip Ahead of Earnings, New Drink Launch
McDonald's shares slipped 2.37% on Friday as investors await Q1 earnings and a new beverage launch. The company is rolling out six specialty drinks and adding beverage specialist roles at 14,000 U.S. locations.
Strategy Inc. Holds STRC Dividend at 11.5%, Shareholders Vote on Semi-Monthly Payouts
Strategy Inc. keeps STRC dividend at 11.5% and sets $0.958333333 per-share payout. Shareholders vote on switching to semi-monthly dividends, with results at June 8 meeting.
JetBlue Gains on Hopes of Spirit Shutdown; Fuel Costs Still Bite
JetBlue shares rose 4.4% Friday amid speculation that a Spirit Airlines shutdown could ease competition, despite the airline posting a wider Q1 loss and grappling with higher fuel expenses.
eBay Shares Surge on Q1 Beat and GameStop Acquisition Rumors
eBay shares rose 9% in extended trading following a Q1 earnings beat and reports that GameStop may make a bid for the online marketplace.
DocuSign Shares Gain 4% as AI Contract Platform Faces Key Earnings Test
DocuSign shares climbed 4.3% as the company gears up to report fiscal Q1 results, with the market watching for signs of traction from its AI-driven contract platform.
Vanguard Discloses 5.34% Passive Stake in Kraft Heinz Ahead of Q1 Earnings
Vanguard Capital Management disclosed a 5.34% passive stake in Kraft Heinz (KHC), owning 63.3 million shares, ahead of the company's first-quarter earnings report on May 6.
Zscaler Shares Surge 7% Amid Broader Software Rally Despite Analyst Price Target Reduction
Zscaler shares rose 7% to $139.81 on Friday, driven by a broader software rally after Atlassian raised its forecast, despite a price-target cut by Citizens JMP.