Macy’s skyrocketed 21% on Q3 results and full-year sales expectations raised ahead of the holiday season.
US markets mixed; Nvidia surged 8% on Q3 results; Macy’s skyrocketed 21% on Q3 recovery.
The Nasdaq rose 0.5% to close Thursday’s session at 15,994 points.
Nvidia shares surged 8% after releasing Q3 results that beat estimates.
Macy’s skyrocketed 21% on Q3 results topping analysts’ estimates.
The US markets closed mixed on Thursday as some retailers released strong quarterly earnings results and new weekly jobless claims in the US continued to fall last week to 268,000, the lowest level since March 2020.
The Dow Jones fell 0.17% to finish the trading day down 60 points to close at 35,871 points .
The tech heavy NASDAQ rose 0.5% to finish the trading day up 72 points to close at 15,994 points with Amazon and Apple gaining 4.14% and 2.85% respectively.
One bitcoin is worth US$56,656 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 72.8 US cents.
Shares in chip-maker Nvidia surged 8% yesterday following the release of third quarter results after the closing bell on Wednesday. For the period, Nvidia reported EPS of US$1.17 on revenue of US$7.1bn, well exceeding the expected US$1.11/share on revenue of US$6.82bn. Nvidia’s market cap also briefly passed US$800bn on Thursday, with expectations of becoming a trillion dollar company in the near future.
Macy’s jumped 21% after the US-department store giant released third-quarter results that topped analysts’ estimates. For the quarter, Macy’s reported 4.4 million new customers, EPS came at US$1.23/share, which was four times the expected EPS, revenue of US$5.4bn and raised full-year sales expectations to US$24.12bn – US$24.48bn.
And Starbucks has launched a cafe in NYC using Amazon’s camera-based payment system, removing the need for cashier’s at the checkouts, in a trial to determine if the cashierless payment system could work across the Starbucks network in the US.
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