Stocks making the biggest moves midday: Adobe, RH, Hasbro and more

Check out the companies making headlines in midday trading: Adobe — The software stock surged 14.5% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. RH — The luxury retailer plummeted 17% after reporting a much […]

European stocks edged higher; BOE meeting, inflation data due this week

 European stock markets edged higher Monday, rebounding after the previous week’s losses, as investors await a deluge of key economic data and a policy-meeting from the Bank of England this week. At 05:20 ET (09:20 GMT), the DAX index in Germany traded 0.1% higher, the CAC 40 in France rose 0.1%, while the FTSE 100 in the U.K. traded largely unchanged. […]

Instant view: India’s economy grows a faster-than-expected 7.8% in Q4

India’s economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter, helped by strong growth in the manufacturing sector, and economists expect the momentum to remain strong this year. The gross domestic product (INGDPQ=ECI), opens new tab growth in the first three months of 2024, the fourth quarter of 2023/24 fiscal year, was lower than a […]

Morning Bid: New highs as Nvidia tops Apple, ECB and BoC easing

Wall Street’s tech-led stock surge to new records has seen $3 trillion AI-champion Nvidia (NVDA.O), opens new tab replace Apple (AAPL.O), opens new tab as the world’s 2nd most valuable company in a market infused with interest rate cut excitement across the G7. With the European Central Bank set to follow the Bank of Canada on Thursday with its first interest rate cut of […]