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Nasdaq Surges Over 100 Points; Signet Jewelers Shares Tumble After Q1 Results
U.S. stocks traded higher midway through trading, with Nasdaq Composite gaining over 100 points on Thursday.
The Dow traded up 0.21% to 33,735.90 while the NASDAQ rose 0.94% to 13,228.32. The S&P 500, also rose, gaining, 0.42% to 4,285.24.
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U.S. stocks traded higher this morning, with Dow Jones gaining around 50 points on Thursday.
The Dow traded up 0.16% to 33,718.94 while the NASDAQ rose 0.37% to 13,153.39. The S&P 500, also rose, gaining, 0.16% to 4,274.19.
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HashiCorp Inc (NASDAQ: HCP) shares are trading lower Thursday after the company reported financial results and announced spending cuts, as well as an 8% workforce reduction.
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Raymond James cut the price target for Brinker International, Inc. (NYSE: EAT) from $46 to $42.5. Raymond James analyst Brian Vaccaro maintained an Outperform rating. Brinker shares fell 6.3% to close at $36.39 on Tuesday.
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Gainers
Airspan Networks Holdings Inc. (NYSE: MIMO) shares rose 50.5% to $0.20 in pre-market trading after dropping 5% on Wednesday.
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Why HashiCorp Stock Is Tumbling After Hours
HashiCorp Inc (NASDAQ: HCP) shares are trading lower in Wednesday's after-hours session after the company reported financial results and announced spending cuts, as well as an
HashiCorp Sees Q2 EPS $(0.16)-$(0.14) Vs $(0.12) Est.; Revenue $137M-$139M Vs $141.43M Est.; FY24 EPS $(0.27)-$(0.24) Vs ($0.39) Est.; Revenue $564M-$570M Vs $593.46M Est.
Financial Outlook
For the second quarter of fiscal 2024, the Company currently expects:
Total revenue of $137 - $139 million
Non-GAAP operating loss of $46 - $43