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Nvidia’s 10% Leap Propels Tech Indexes To Record Highs; Blue Chips, Small Caps Slip: What’s Driving Markets Thursday?

By Piero Cingari
May 23, 1:21 PM
Strong earnings and revenue guidance from Nvidia sparked a tech stock surge, with Nasdaq 100 and S&P 500 hitting record highs.

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Ralph Lauren’s Fashionable Finish To FY24: Sales Rise, Dividend Boosted, And New CFO On Board

By Shivani Kumaresan
May 23, 10:15 AM
Ralph Lauren reported a 2% year-on-year increase in fourth-quarter FY24 sales to $1.568 billion, surpassing the analyst estimate of $1.563 billion. Global direct-to-consumer comparable store sales grew by 6%. The company's gross profit reached $1 billion with a margin of 66.6%. Operating income soared 168% to $107.8 million. Adjusted EPS of $1.71 beat the consensus estimate of $1.66.

RL