2 Hours Ago
May’s producer price index set for release Thursday
Another inflation reading is due out on Thursday.
The May producer price index is expected to have risen 0.1% last month, according to economists polled by Dow Jones. That is down from a 0.5% increase the prior month.
— Sarah Min
2 Hours Ago
Stocks making the biggest moves after hours
Here are the names making the biggest moves in extended trading:
- Broadcom — Shares jumped 13% after Broadcom topped fiscal second-quarter expectations and announced a 10-for-1 stock split. The chipmaker posted adjusted earnings of $10.96 per share on revenue of $12.49 billion. Analysts polled by LSEG had anticipated earnings per share of $10.84 on revenue of $12.03 billion.
- Dave & Buster’s Entertainment — Shares dropped 9.5% after Dave & Buster’s quarterly revenue fell short of expectations. The restaurant and entertainment business posted revenue of $588 million in its first quarter, below the LSEG consensus estimate of $621 million.
- Oxford Industries — The stock dipped 2.9% after the apparel company behind Tommy Bahama and other brands posted first-quarter earnings and revenue that missed estimates. Oxford Industries reported adjusted earnings of $2.66 per share on revenue of $398.2 million. Analysts polled by FactSet had anticipated earnings of $2.68 per share on revenue of $404.8 million.
- Virgin Galactic — Shares of the space tourism company plunged 16% after Virgin Galactic said its board of directors approved a 1-for-20 reverse stock split.
— Sarah Min
2 Hours Ago
S&P 500 futures open higher
S&P 500 futures opened higher Wednesday night.
S&P 500 futures and Nasdaq 100 futures climbed 0.13% and 0.48%, respectively. Dow Jones Industrial Average futures fell 25 points, or 0.06%.
— Sarah Min
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