By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) - Wall Street’s main indexes jumped to around one-month highs on Thursday, with the tech-heavy Nasdaq leading gains, as strong quarterly results from heavyweights Microsoft (NASDAQ:MSFT) and Meta pointed to a resilient outlook for the technology sector. Microsoft surged 9% to its highest level since late January, driven by an upbeat quarterly ...
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- ...
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 ...
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. ...