By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) - Wall Street’s main indexes advanced on Thursday, led by gains on the tech-heavy Nasdaq, as strong quarterly results from heavyweights Microsoft (NASDAQ:MSFT) and Meta pointed to a resilient outlook for the technology sector. Microsoft surged 8.8%, hitting its highest level since late January, after it forecast stronger-than-expected quarter ...
(Reuters) -Howmet Aerospace on Thursday raised its 2025 profit forecast, despite tariff impacts, as the supplier of castings and fasteners expects to pass on higher costs while continuing to fulfill strong demand from increased jet production. Shares of the company rose over 6% in premarket trading. The U.S. aerospace industry is seeking a tariff exemption to alleviate rising production costs and ...
(Reuters) -Harley-Davidson on Thursday suspended its annual forecasts as the motorbike maker navigates headwinds related to U.S. President Donald Trump’s tariffs. Harley said it would deal with the current economic situation through cost cuts, mitigating risks within its supply chain, tightening operating expenses and reducing dealer inventory. Shares of the company rose about 1% in premarket tr ...
Investing.com -- RBC Capital Markets has downgraded Schindler Holding AG (SIX:SCHN)G to “sector perform,” citing a steep run-up in the stock that has left little room for further upside, in a note dated Thursday. The Swiss elevator maker has gained nearly 80% since October 2023, outperforming the broader European industrials sector by approximately 40 percentage points in euro terms. ...