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Stocks close sharply higher, lifted by Microsoft, Meta earnings

Stocks close sharply higher, lifted by Microsoft, Meta earnings

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rallied on Thursday, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft (NASDAQ:MSFT) and Meta eased concerns about artificial intelligence spending. Microsoft surged and hit its highest level since late January, driven by an upbeat quarterly growth forecast for its cloud-comp ...

2025-05-02 04:21:38
Howmet Aerospace lifts 2025 profit forecast on strong demand, shares rise

Howmet Aerospace lifts 2025 profit forecast on strong demand, shares rise

By Allison Lampert and Utkarsh Shetti (Reuters) -Howmet Aerospace raised its 2025 profit forecast on Thursday, despite impacts from U.S. tariffs, sending shares up 7.8% as the maker of castings and fasteners expects to pass on higher costs and sees strong demand from increased jet production. The U.S. aerospace industry is seeking a tariff exemption to alleviate rising production costs and supply- ...

2025-05-02 04:20:42
Harley-Davidson warns of tariff hit, pulls 2025 outlook

Harley-Davidson warns of tariff hit, pulls 2025 outlook

By Nathan Gomes (Reuters) - Harley-Davidson (NYSE:HOG) on Thursday warned of a hit to its full-year results from tariffs and suspended its 2025 forecasts as the motorcycle maker expects a bumpy ride due to U.S. President Donald Trump’s trade policies. The company, which had previously projected a flat to 5% decline in annual per-share profit, took a $9 million hit in the first quarter and said i ...

2025-05-02 04:19:43
RBC downgrades Schindler to “sector perform” as valuation peaks

RBC downgrades Schindler to “sector perform” as valuation peaks

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. ...

2025-05-02 04:18:46