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Stocks Pause As Traders Await Jobs Data, Nvidia Falls On Antitrust Investigation, Crude Rises To $75: What’s Driving Markets Thursday?

Wall Street experienced a relatively quiet day on Thursday, with major indices trading within tight ranges as investors remain cautious ahead of the highly anticipated May jobs report, set for release Friday.

BTC

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Why Five Below Shares Are Trading Lower Thursday

Five Below announced first-quarter earnings for fiscal-year 2024 on Wednesday after the market closed. The specialty-value retailer reported adjusted EPS of 60 cents, missing analyst estimates of 63 cents, and sales of $811.86 million, which fell short of analyst estimates of $836.97 million. Sales were up 11.79% compared to the same period last year.

FIVE

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US Stock Futures Tread Water As Indices Perch At Record Highs: Amid Nvidia Spike And ECB Rate-Cut Hopes, Analyst Sees More Volatility In Summer

Early indications from the futures market suggest caution after Wednesday’s exhilarating run. Earnings news continues to be positive, reinforcing the strength in corporate profit growth.

ABM