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Equity Futures Rise Pre-Bell as Traders Look Ahead to Potential Trump-Xi Meeting
US Markets

Equity Futures Rise Pre-Bell as Traders Look Ahead to Potential Trump-Xi Meeting

The benchmark US equity futures were tracking in the green before the opening bell Monday, as traders look ahead to a potential meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, later in the week.The S&P 500 was up 0.7%, the Dow Jones Industrial Average gained 0.6% and the Nasdaq advanced 1.1% in premarket activity. The Nasdaq and the S&P 500 finished Friday trading higher, while the Dow closed lower.On Sunday, US Treasury Secretary Scott Bessent said he had successful preliminary talks with Chinese Vice Premier He Lifeng over the weekend, ahead of Xi's expected visit to the US, according to multiple media outlets.The discussions between Bessent and Lifeng centered on artificial intelligence and trade, among other topics, CNBC reported. Talks between Trump and Xi are expected to take place Thursday, according to news reports.Treasury yields were down, with the two-year rate declining 2 basis points to 4.72% and the 10-year rate retreating 4.3 basis points to 4.95%.Trump reportedly said he is in "deciding mode" regarding Iran and warned that "very big things" could happen in the near future if Tehran doesn't cooperate, according to Fox News, citing an interview with the US leader. Trump reportedly said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to attend the upcoming United Nations General Assembly in New York.West Texas Intermediate crude oil was down 3% at $97.31 a barrel, while Brent decreased 2.9% to $100.84.Iran's military said its intelligence was preparing for a new large-scale strike by the US and warned of "painful" retaliation across the Middle East, news outlets reported.Monday's thin economic calendar has the Federal Reserve Bank of Chicago's national activity index for August at 8:30 am ET. Chicago Fed President Austan Goolsbee was slated to speak at 6:30 am.Costco Wholesale (COST), Cintas (CTAS), AutoZone (AZO), Paychex (PAYX), Darden Restaurants (DRI), and General Mills (GIS) are expected to report their latest financial results this week.Gold moved down 0.9% to $4,387 per troy ounce, while bitcoin climbed 3.7% to $84,173.

Dow JonesNasdaq CompositeS&P 500$AZO$COST$CTAS$DRI$GIS$PAYX
Asia Markets

US Equity Investors to Focus on Fed Speak, Economic Health Data This Week Following Policy Tightening Forecasts in Economic Projections

US equity investors are expected to look out for Fed speak, purchasing managers' indexes, and Iran geopolitics this week as the Q2 earnings season heads toward closing.* Following the 25 basis point interest rate increase last week, and with expectations for more policy tightening this year, investors will focus on the macroeconomic data due this week to help gauge the Fed's path ahead. Jobless claims, new home sales, durable goods orders, and the University of Michigan consumer sentiment final with inflation expectations are among the data due this week, in addition to the S&P Global Composite PMIs.* On durables, Boeing (BA) posted only 15 net orders in August, which will likely translate to a 23% month-over-month decline in seasonally adjusted nondefense aircraft orders, according to a Jefferies note. This is going to drag down the headline to a decline of 1.2%.* This week, the seasonals won't push the jobless claims print quite as low as last week, but continued evidence that layoff activity remains "very muted" is expected, per the note.* Federal Reserve Governors Philip Jefferson and Michael Barr, along with regional Fed Presidents Austan Goolsbee, John Williams, Thomas Barkin, and Anna Paulson, are all scheduled to deliver public remarks this week.* "The fact that there are only two [Federal Open Market Committee] members who believe the central bank won't hike again this year suggests a broad hawkish repositioning has already occurred within the FOMC," according to an ING note. "The focus will therefore be on individual Fed speakers as markets gauge the timing of the next potential interest rate hike."* Quarterly earnings due this week include Costco (COST), Darden Restaurants (DRI), AutoZone (AZO), KB Home (KBH), Paychex (PAYX), and General Mills (GIS).

Dow JonesNasdaq CompositeS&P 500$AZO$COST$DRI$GIS$KBH$PAYX
Restaurant Industry Faces Tough Macro Backdrop, With Favorable Views on Certain Big Companies, Seaport Says
US Markets

Restaurant Industry Faces Tough Macro Backdrop, With Favorable Views on Certain Big Companies, Seaport Says

The restaurant industry is expected to continue to face a challenging consumer backdrop amid elevated inflation and macro pressures, Seaport Research Partners said, adding that it is generally optimistic on certain major companies in its coverage.The industry's same-store sales are expected to remain in a growth range of 1% to 2% through the end of 2026, with traffic remaining negative, the brokerage said in a note to clients Tuesday. Seaport projects same-store sales to hover around the low-single-digit level next year."Restaurant industry (same-store sales) growth has held steady in the low-single-digit range in each month of 2026 thus far," Seaport senior analyst Eric Gonzalez wrote. "For the remainder of the year, we expect the current status quo to continue."Industry traffic fell in each of the 21 months between December 2024 and August 2026, while same-store sales growth was positive in 19 months, averaging about 1.2%, according to the note.Seaport doesn't expect macroeconomic conditions to materially improve this year. Last week, official data showed that consumer inflation in the US reached a three-month high in August, amid elevated energy costs, with the food index rising at a steady pace of 0.1%.Seaport initiated coverage of Dutch Bros (BROS), Cava Group (CAVA), Restaurant Brands International (QSR), Yum Brands (YUM), Brinker International (EAT), Darden Restaurants (DRI) and Texas Roadhouse (TXRH) shares with buy ratings. The brokerage initiated coverage on the stocks of McDonald's (MCD), Starbucks (SBUX), Shake Shack (SHAK), Chipotle Mexican Grill (CMG), Domino's Pizza (DPZ) and Wendy's (WEN) with neutral ratings."Our favorable ratings skew towards names where we believe the market has unjustifiably penalized a company for decelerating (same-store sales) trends, execution missteps, and/or food safety effects, while minimizing its ability to restore momentum over time," Gonzalez said.Seaport highlighted four themes it expects to shape the sector. These include food safety and supply chain concentration; loyalty programs, artificial intelligence and a shift from digital breadth to depth; exposure to GLP-1 weight-loss drugs; and capital allocation, franchising and renewed activist investor pressure.Dutch Bros is leading the industry on "virtually every metric that matters," including unit growth, comparable sales, and store-level profitability. The company recorded robust results in the first half of the year, has "well-established" growth drivers and an "unparalleled" white space opportunity, despite a steep decline in its stock so far in 2026, according to the note.Cava has a substantial runway and an opportunity to define the Mediterranean fast-casual domain, while newer stores are generating comparable sales growth faster than system averages, Seaport said.The brokerage sees Restaurant Brands "as an underappreciated global growth story," based on momentum from its Burger King business in the US, while the slowdown at Tim Hortons is "addressable," it said.Yum Brands is on track to achieve its full-year algorithm of 5% unit growth, 7% system sales growth, and at least 8% core operating profit growth, Gonzalez wrote in the note.Darden's competitive advantages should position it to continue to gain share of the casual dining industry. The company has consistently met its 10% to 15% long-term shareholder return target since the coronavirus pandemic, with delivery, catering and faster unit growth offering further growth opportunities.Texas Roadhouse has gained traffic share for "the better part of two decades" and has increased units faster than any full-service peer of comparable scale, Gonzalez said.Price: $42.25, Change: $+0.27, Percent Change: +0.64%

$BROS$CAVA$CMG$DPZ$DRI$EAT$MCD$QSR$SBUX$SHAK$TXRH$WEN$YUM
Research

Seaport Global Initiates Darden Restaurants at Buy With $240 Price Target

Darden Restaurants (DRI) has an average rating of overweight and mean price target of $236.04, according to analysts polled by FactSet.

$DRI
Darden's Earnings Trajectory Seen Improving as Olive Garden Trends Accelerate, Oppenheimer Says
US Markets

Darden's Earnings Trajectory Seen Improving as Olive Garden Trends Accelerate, Oppenheimer Says

Darden Restaurants (DRI) is expected to see an improving earnings trajectory as trends at its Olive Garden brand accelerate from a first-quarter low point, Oppenheimer said in a Tuesday note.The brokerage raised its earnings-per-share estimates for the restaurant operator to $11.27 and $12.45 for fiscal 2027 and 2028, respectively, from $11.24 and $12.38."We expect a simple reiteration of full-year guidance, but our work suggests post-(first-quarter) earnings dynamics creates a more attractive path for (2027) EPS (versus) consensus for rest of year," Oppenheimer analysts Brian Bittner and Michael Tamas said in the note.Darden in June guided fiscal 2027 EPS at $11.10 to $11.35. Currently, markets are looking for non-GAAP EPS of $11.29 for the ongoing year, according to a FactSet survey.Ahead of Darden's first-quarter results due on Sept. 24, Oppenheimer expects the company to report EPS of $2.03, compared with the Street's $2.05 estimate. It projects consolidated same-store sales growth of 2.8%, below the consensus view that calls for a 3.1% increase.The brokerage projects Olive Garden's first-quarter same-store sales rising 0.9%. That would fall short of the Street's 1.8% estimate, but Oppenheimer sees the period as a low point for the brand.Olive Garden's underlying trends should accelerate from here on out due to factors including easier comparisons and healthy industry dynamics, the analysts said."Buy-side expects a slight (first-quarter Olive Garden same-store sales) miss partially offset by solid comps across Longhorn and other segments," Bittner and Tamas wrote. "We think (first-quarter) earnings could remove an overhang with potential for better (Olive Garden) trends, healthier margins, and stronger EPS growth for rest of (fiscal 2027)."Shares of Darden were down 3.6% in Tuesday trading, but the stock has risen nearly 15% so far this year.Oppenheimer raised its price target on Darden to $245 from $235 and maintained an outperform rating.On Monday, Morgan Stanley said Darden's first-quarter same-store sales and EPS will likely beat market estimates, though Olive Garden may miss consensus. Last week, UBS Securities said Darden will likely reiterate its full-year outlook after reporting strong fiscal first-quarter results, despite softening trends at Olive Garden.In August, Brinker International (EAT) issued an upbeat fiscal 2027 financial guidance at the midpoint, confident that its Chili's brand will sustain the growth momentum that drove strong fourth-quarter results. Restaurant Brands International (QSR) reported better-than-expected second-quarter earnings amid strong comparable sales growth at Burger King across domestic and international markets.Price: $210.66, Change: $-7.91, Percent Change: -3.62%

$DRI$EAT$QSR
Wire

Darden Restaurants Seen Reiterating Fiscal 2027 Guidance, Olive Garden Trends Set to Improve, Oppenheimer Says

Darden Restaurants (DRI) is likely to reiterate its fiscal 2027 guidance when it reports quarterly results on Sept. 24, consistent with management's approach following Q1 results in each of the past four years, Oppenheimer said in a Tuesday note.The company expects 2027 adjusted earnings per share of $11.10 to $11.35, versus the Street at $11.27, the firm noted, adding that the cost inflation expectation provides margin upside as beef cost pressures moderate, despite higher diesel prices.For Q1, Oppenheimer expects EPS of $2.03, below the Street at $2.05, on consolidated same-store sales growth of 2.8% versus consensus of 3.1%, with Olive Garden same-store sales seen up 0.9% versus the Street's 1.8%, while underlying trends are expected to improve through 2027 as comparisons ease.The brokerage called Darden's non-Olive Garden brands an underappreciated strength and raised 2027 and 2028 EPS estimates to $11.27 and $12.45, respectively, from $11.24 and $12.38.Oppenheimer maintained its outperform rating on the stock and raised its price target to $245 from $235.Shares of the company were down 3.4% in Tuesday trading.Price: $210.66, Change: $-7.91, Percent Change: -3.62%

$DRI
Darden to Beat First Quarter Street Estimates Despite Olive Garden Drag, Morgan Stanley Says
US Markets

Darden to Beat First Quarter Street Estimates Despite Olive Garden Drag, Morgan Stanley Says

Darden Restaurants' (DRI) fiscal first-quarter same-store sales and earnings per share will likely beat Wall Street's estimates, though the top line for its Olive Garden brand will likely miss consensus, Morgan Stanley said in a note Monday.The investment firm raised its first-quarter same-store sales estimate to 3.6% from 3.3%, ahead of the analyst consensus of 3.1%, and revised its EPS projection to $2.06 from $2.02, above the Street's $2.05."(Fiscal first quarter) sales look better than Street in our view, mostly driven by LongHorn [Steakhouse], while Olive Garden could be weaker, and this is an investor focus area, though like last time, we don't think it derails overall results," Morgan Stanley said. "We're not expecting an outsized beat or outsized stock move at this point, maybe more of a modest positive move."For fiscal 2027, Morgan Stanley kept its EPS outlook unchanged at $11.25 and now expects same-store sales of 3.2% compared to 3.3% previously and the consensus of 3%. The firm's view is within Darden's guidance of EPS between $11.10 and $11.35 and SSS from 2.5% to 3.5%."Guidance for the year should stand and our (fiscal year 2027) numbers are similar at this point," Morgan Stanley said. Same-store sales growth for the rest of the year will be "more modest" compared to the first quarter as the performance normalizes for LongHorn Steakhouse, where pricing is more front-end loaded and comparisons get tougher in the second half, according to the note.Darden is scheduled to report is first quarter earnings on Sept. 24.The firm raised its LongHorn first-quarter estimate for same-store sales growth to 7.5% from 6.5%, beating the 5.9% Street consensus, while lowering its Olive Garden projection to 1.5% from 2.0%, below the Street view of 1.8%.Morgan Stanley noted that casual dining stocks have pulled back from recent highs due to renewed consumer concerns, despite steady August demand and easing comparisons."We are only modestly above Street on EPS given commodity pressure in (first quarter), so this is probably not a quarter where we think costs do heavy lifting," the firm said. "We are mindful of ongoing fuel cost pressure and some pockets of persistent inflation."Darden's earnings durability and compressed valuation multiple will likely strengthen if LongHorn stays strong, Olive Garden remains stable, and margins hold through a challenging cost quarter, according to the note.Morgan Stanley raised the price target on Darden's stock to $255 from $236 and reiterated overweight rating.Last week, UBS Securities said Darden will likely reiterate its full-year outlook after reporting strong fiscal first-quarter results, despite softening trends at its Olive Garden brand.Shares of the company were up 1.9% in Monday trading and have gained 16% this year.Price: $214.25, Change: $+4.36, Percent Change: +2.08%

$DRI
Darden Seen Maintaining Outlook Despite Olive Garden Weakness in Fiscal First Quarter, UBS Says
US Markets

Darden Seen Maintaining Outlook Despite Olive Garden Weakness in Fiscal First Quarter, UBS Says

Darden Restaurants (DRI) is likely to reiterate its full-year outlook after reporting strong fiscal first-quarter results, despite softening trends at its Olive Garden brand, UBS Securities said in a note e-mailed Friday.The restaurant operator could largely reaffirm its fiscal 2027 guidance when it reports results Sept. 24, with underlying trends seen remaining solid, supported by menu innovation and marketing, according to the brokerage."We expect still-solid (Darden same-store sales) trends and an intact earnings outlook despite select macro pressures," UBS analyst Dennis Geiger said in the note to clients.In June, the company projected full-year earnings from continuing operations at $11.10 to $11.35 a share, sales of $13.60 billion to $13.75 billion and same-restaurant sales growth of 2.5% to 3.5%. The current consensus on FactSet is for non-GAAP EPS of $11.28, sales of $13.69 billion and same-store sales to increase by 3%.For the first quarter, UBS expects Darden to post same-restaurant sales growth of 2.9%, including an increase of 0.5% at Olive Garden and 7.5% at LongHorn Steakhouse. Wall Street is looking for the metric to rise by 3.3% at the company level.Olive Garden faced macro and industry pressures in the quarter, along with "some" headwinds related to the FIFA World Cup and a difficult comparison, Geiger said. "We believe investor sentiment is skewed more negative largely given concerns around pressured (Olive Garden same-store sales) trends."However, the brand is expected to see improvement in the coming quarters and maintain robust underlying multiyear trends, buoyed by factors such as promotions, new menu benefits and continued gains from its partnership with Uber (UBER), according to the note.The brokerage expects price increases in the company's never-ending pasta campaign to support profitability, and sees continued momentum at LongHorn amid consistent execution and menu innovation."Given a solid growth outlook and the strength in casual dining segment valuations, we believe (Darden) shares remain attractive for a quality compounder with above-(average) top-line resiliency in a tough macro and ability to protect margins and grow earnings despite cost inflation," Geiger said.The company's shares were up 0.8% in Friday afternoon trade, bringing its year-to-gains to nearly 14%.Price: $209.03, Change: $+1.50, Percent Change: +0.72%

$DRI$UBER
Insider Trading

Darden Restaurants Insider Sold Shares Worth $1,846,637, According to a Recent SEC Filing

John W. Wilkerson, President of Olive Garden, on August 05, 2026, sold 8,864 shares in Darden Restaurants (DRI) for $1,846,637. Following the Form 4 filing with the SEC, Wilkerson has control over a total of 19,409 common shares of the company, with 18,794 shares held directly and 615 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826007027/xslF345X05/doc4.xmlPrice: $213.78, Change: $+2.84, Percent Change: +1.35%

$DRI
Insider Trading

Darden Restaurants Insider Sold Shares Worth $317,560, According to a Recent SEC Filing

Laura B Williamson, President, LongHorn Steakhouse, on July 31, 2026, sold 1,553 shares in Darden Restaurants (DRI) for $317,560. Following the Form 4 filing with the SEC, Williamson has control over a total of 17,227 common shares of the company, with 10,754 shares held directly and 6,472 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826006906/xslF345X05/doc4.xmlPrice: $204.55, Change: $-1.70, Percent Change: -0.82%

$DRI
Insider Trading

Darden Restaurants Insider Sold Shares Worth $8,181,504, According to a Recent SEC Filing

Ricardo Cardenas, Director, President and CEO, on July 28, 2026, sold 39,134 shares in Darden Restaurants (DRI) for $8,181,504. Following the Form 4 filing with the SEC, Cardenas has control over a total of 86,146 common shares of the company, with 86,146 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826006842/xslF345X05/doc4.xml

$DRI
Insider Trading

Darden Restaurants Insider Sold Shares Worth $920,165, According to a Recent SEC Filing

Sarah H. King, Senior Vice President, Chief People Officer, on July 29, 2026, sold 4,373 shares in Darden Restaurants (DRI) for $920,165. Following the Form 4 filing with the SEC, King has control over a total of 743 common shares of the company, with 743 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826006843/xslF345X05/doc4.xml

$DRI
Insider Trading

Darden Restaurants Insider Sold Shares Worth $463,389, According to a Recent SEC Filing

Susan M. Connelly, Senior Vice President, Chief Communications and Public Affairs Officer, on July 29, 2026, sold 2,226 shares in Darden Restaurants (DRI) for $463,389. Following the Form 4 filing with the SEC, Connelly has control over a total of 4,165 common shares of the company, with 4,165 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/940944/000122520826006844/xslF345X05/doc4.xml

$DRI
Wire

BofA Securities Adjusts Darden Restaurants Price Target to $276 From $274

Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.46, according to analysts polled by FactSet.Price: $195.28, Change: $-3.26, Percent Change: -1.64%

$DRI
Wire

BofA Securities Cuts Darden Restaurants Price Target to $274 From $276, Maintains Buy Rating

Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.28, according to analysts polled by FactSet.Price: $205.60, Change: $-8.12, Percent Change: -3.80%

$DRI
Wire

Darden Restaurants Q4 Highlights Persistent Trends, Demand Inflection, BofA Says

Darden Restaurants' (DRI) fiscal Q4 results and conference call highlighted a combination of persistent trends and inflection points, BofA Securities said in a research note.Persistence was seen in the form of continued robust performance of the steakhouse category and protein more generally, as elevated grocery store beef prices also raise the relative value provided by steakhouse restaurants, according to the Saturday note.BofA further said that elevated beef prices are unlikely to fall in the near term due to an already tight beef supply that could shrink further with the return of the New World screwworm.The investment firm said Darden CEO Rick Cardenas noted that the company's casual dining brands saw year-over-year increases in visits from all income groups, including the bottom quintile. The brokerage added that the apparent turning point in demand among low-income households may be due to a similar inflection in that cohort's wage growth, as measured by Bank of America Institute data.BofA lowered its price target on Darden Restaurants to $274 from $276 and reiterated its buy rating.Price: $206.44, Change: $-7.29, Percent Change: -3.41%

$DRI
Wire

Darden's Core Sales Momentum Seen Holding Into Fiscal 2027, UBS Says

Darden Restaurants (DRI) is entering fiscal 2027 with stable underlying same-store-sales trends supported by solid traffic, strong value perceptions and brand initiatives across its major chains, UBS Securities said Thursday in a report.Olive Garden's momentum should carry into fiscal 2027, helped by menu innovation, returning brand programs, continued gains from the Uber Direct partnership and increased guest frequency tied to the lighter-portions menu, the report said. LongHorn is also expected to sustain healthy traffic, supported by operational consistency and strong value delivery, UBS said.Fuel-cost pressure should ease as the year progresses with projected adjusted operating margins of 10.1% in fiscal Q1 and 12.2% for the full year, the report said.UBS raised its price target on Darden stock to $240 from $230 and maintained its buy rating.Price: $210.74, Change: $-2.02, Percent Change: -0.95%

$DRI
Wire

JPMorgan Adjusts Price Target on Darden Restaurants to $225 From $220, Maintains Overweight Rating

Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.28, according to analysts polled by FactSet.Price: $209.89, Change: $-2.87, Percent Change: -1.35%

$DRI
Wire

Gordon Haskett Adjusts Darden Restaurants Price Target to $225 From $220, Maintains Hold Rating

Darden Restaurants (DRI) has an average rating of overweight and mean price target of $231.08, according to analysts polled by FactSet.Price: $210.31, Change: $-2.45, Percent Change: -1.15%

$DRI
Update: Nasdaq Extends Losing Streak; Apple Plunges After Price Hikes
US Markets

Update: Nasdaq Extends Losing Streak; Apple Plunges After Price Hikes

(Updates with market moves at the end of the day.)The Nasdaq Composite extended its losing streak to a fourth session on Thursday as a sell-off in Apple (AAPL) shares soured sentiment on Wall Street.The Nasdaq fell 0.5% to 25,358.6, while the S&P 500 ended just below the flatline at 7,357.5. The Dow Jones Industrial Average rose 0.1% to 51,920.9.Among sectors, consumer discretionary saw the steepest decline, while industrials paced the gainers.Apple shares slumped 6.1%, the biggest drop on the S&P 500 and the Dow. The tech giant increased iPad and MacBook prices amid surging memory and storage chip costs.Wedbush Securities said Apple is unlikely to lose customers as a result of the price hikes.Microsoft (MSFT) followed Apple on the Dow, shedding 3.5%. Microsoft announced price increases for the Xbox 512 gigabyte console and the Xbox 1 terabyte model, effective Aug. 1.Micron shares jumped nearly 16%, the third-biggest gainer on the S&P 500. Late Wednesday, the semiconductor manufacturer provided a fiscal fourth-quarter outlook above Wall Street's estimates and reported stronger-than-expected results for the prior three-month period.Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates Thursday, while the restaurant operator's fiscal fourth-quarter sales fell short of expectations. Shares of the Olive Garden and LongHorn Steakhouse parent fell 0.3%.US Treasury yields were mixed, with the two-year rate down 2.5 basis points at 4.13%, while the 10-year rate was little changed at 4.40%.In economic news, US consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years, government data showed.Demand for US durable goods decreased less than estimated in May despite a plunge in civilian aircraft orders, government data showed.US real gross domestic product increased at a 2.1% annualized rate in the first quarter, up from 1.6% growth reported in the second estimate, according to latest official data released Thursday."For the Fed, still nominally elevated inflation remains unfavorable to say the least and clearly justifies a higher policy target," Stifel said in report e-mailed to. "However, with a still solid pace of activity thanks to a resilient consumer and stable labor market conditions, any expectation of a temporary, or 'transitory', impact can quickly derail a hawkish conviction at the Fed to reverse course and simply reinforces the (Federal Open Market) Committee's position on the sidelines."West Texas Intermediate crude oil was up 2.4% at $72.03 a barrel in Thursday late-afternoon trade, while Brent rose 2.2% to $75.39.Gold was last up 0.8% at $4,041.40 per troy ounce, while silver fell 0.3% to $57.90 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DRI$MSFT$MU

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