Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.
Shares of Qorvo Inc. QRVO inched 0.31% higher to $71.91 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.16% to 5,836.22 and the Dow Jones Industrial Average DJIA rising 0.86% to 42,297.12. The stock's rise snapped a two-day losing streak.
In October, Qorvo said the shift away from mid-tier 5G ... Adding to the firm's woes, it was removed from the benchmark S&P 500 index in December last year.
U.S. stocks closed a robust week with the S&P 500 and Dow posting significant gains. Despite inflation concerns and upcoming Trump policies, optimism over the economy and positive earnings reports bolstered investor sentiment.
The details on Starboard's plans for Qorvo could not be learned, the report added. Starboard is seeking changes to boost the company's lagging share price, the report said. Starboard Value, run by Jeffrey Smith,
STORY: U.S. stocks rallied on Friday with the S&P 500 and Dow notching their biggest weekly percentage gains since early November... and the Nasdaq registering its best week since early December.The Dow gained almost eight-tenths of a percent,
All three major U.S. stock indexes remained on pace for a third straight day of gains as of Wednesday's final hour of trading, with the S&P 500 aiming for an all-time closing high with help from names like Netflix Inc.
U.S. stocks finished higher on Wednesday after a slew of robust corporate earnings and President Donald Trump's new initiative on artificial intelligence pushed Wall Street closer to record territory.
Matteo Colombo/DigitalVision via Getty Images With the fourth quarter earnings season underway, energy (XLE), financial (XLF) and industrial (XLI)
The S&P 500 is on track for its first record close since Dec. 6. Traders should beware of chasing the move, said Jonathan Krinsky, chief market technician at BTIG, in a Wednesday morning client note.
For the week, the Dow and S&P 500 advanced 3.7% and 2.9%, respectively. Both indexes posted their biggest weekly advance since the week of the U.S. presidential election in November. The Nasdaq climbed 2.5% week to date for its best one-week performance since early December.
↘️ J.B. Hunt Transport Services (JBHT): The trucking and logistics company, which is seen as a bellwether for the freight sector, posted a higher quarterly profit but overall revenue fell ...