May 2, 2025 10:27 AM IST
Standard Chartered on Friday beat first-quarter profit expectations on the back of strong growth in its wealth management and global markets businesses.
The bank’s reported profit before taxation for the three months ended in March was $2.103 billion,
US stock futures climbed after a day of Wall Street digesting earnings reports from Apple (AAPL) and Amazon (AMZN) as news broke that China and the US are opening the door towards tariff negotiations.
Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) climbed 0.7%.
US stock futures climbed after a day of Wall Street digesting earnings reports from Apple (AAPL) and Amazon (AMZN) as news broke that China and the US are opening the door towards tariff negotiations.
Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) climbed 0.7%.
The stock market rebounded decisively on Friday as bullish sentiment returned to the market.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged to an intraday high of 113,928.51,
» Read more about: Bulls return to PSX as stock market stages strong recovery »
After a news report claimed that Tesla Inc. TSLA was looking to replace CEO Elon Musk, a longtime Tesla bull dismissed the idea, calling the likelihood of such a move extremely low.
What Happened: On Thursday night,
Hear CEO Tim Cook and other executives address Apple’s latest quarter.
Apple (AAPL) has shared its Q2 2025 earnings report today, and will soon host an earnings call to further discuss those results. If you’d like to hear more the leadership at Apple discuss the results of the quarter and answer questions from investors,
» Read more about: Listen to Apple's (AAPL) Q2 2025 earnings call here »
The iPhone maker’s stock was down significantly in after-hours trading.
Apple’s (AAPL) earnings report is out for the second quarter of its fiscal year and shows that the company managed to beat both earnings and revenue expectations. However,
» Read more about: Apple (AAPL) Q2 FY25 earnings results beat EPS and revenue expectations »
Wedbush Securities analyst Dan Ives raised his price target on Apple Inc. AAPL by 8% from $250 to $270, citing “incremental confidence” in the company’s India supply chain strategy amid ongoing tariff concerns.
What Happened: “This has been a core Street fear over the last month,” Ives wrote Thursday on X,
One of the most promising trends in this economy over the last few years has been strong productivity growth; labor productivity has been growing for two years now, and last year it was especially strong.
That’s important because it means we’re taking fewer hours to make more stuff — or do more stuff,
The S&P 500 and Dow Jones Industrial Average added another win to their respective piles Thursday. Tech stocks rallied the most thanks to a round of well-received earnings, which helped the Nasdaq Composite outperform.
At the close, the S&P 500 was up 0.6% at 5,604 and the Dow was 0.2% higher at 40,752 – their eighth straight day of gains.
» Read more about: Stock Market Today: Dow, S&P 500 Extend Win Streaks to 8 »