05/07/2024
๐ขMarket Updates๐ข
๐ Micron leaps on Baird upgrade & DRAM demand boost! Shares surge 4.5% as market eyes strong year.
๐ Spirit Airlines faces turbulence! Q1 losses widen to $1.46 per share, stock dips 9%.
๐ U.S. Treasury yields dip as April jobs data underwhelms. 10-year at 4.481%, 2-year at 4.799%.
๐ S&P 500 notches a 5% earnings growth in Q1, marking the strongest season in nearly two years despite inflation worries.
๐ผ UBS rebounds with $1.8B Q1 profit, smashing the $598M forecast. Wealth management & Credit Suisse merger thrive in the US.
๐ข๏ธ Oil prices swing: Rise on Saudi price hike and Gaza tensions, then dip as Hamas accepts ceasefire.
๐ 10-year Treasury yield drops to 4.481% amid disappointing jobs data, hinting at economic caution.
๐ Micron surges 4.5% on Baird's upgrade due to strong DRAM demand. Poised for a big year!
โ๏ธ Spirit Airlines shares fall 9% after a wider-than-expected Q1 loss. Eyes on Q2 as revenue projections dip.
๐๏ธ U.S. Steel upgraded by Morgan Stanley, remains on transformation track amid Nippon Steel acquisition efforts.
๐ฐ Disney to report Q1 earnings with shares up 25% YTD. Wall Street eyes another win.
โ ๏ธ BP braces for Q1 earnings drop amid lower oil prices and geopolitical strain, projecting $6.37B pre-tax profits.