Wire
Goldman, JPMorgan Consider Futures to Tame AI Lending Risks, The Information Reports
Goldman, JPMorgan Consider Futures to Tame AI Lending Risks, The Information Reports
$GS$JPM
JPMorgan Chase & Co.
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196 stories mentioning JPMorgan Chase & Co.Updated 3d ago
JPMorgan added new Sapphire Preferred card benefits and expanded its security and resiliency initiative to Canada.
Sectors
Sector Update: Financial Stocks Mixed Late Afternoon
Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 0.1%.The Philadelphia Housing Index was down 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.9%.Bitcoin (BTC-USD) was down 6.2% to $59,675, and the yield for 10-year US Treasuries rose 5.9 basis points to 4.536%.In economic news, the unemployment rate remained at 4.3% in May, as expected. The labor force participation rate was also unchanged from 61.8% in April, and the size of the labor force rose by 83,000 on an increase in household employment that was partially offset by a decline in household unemployment.In corporate news, JPMorgan Chase (JPM) Chief Executive Jamie Dimon is exploring acquisition opportunities, potentially including a wealth management firm or a private credit business, the New York Post reported Friday, citing people familiar with the matter. JPMorgan shares rose 0.3%.Fiserv (FISV) shares were down about 3.6% in Friday trading after BNP Paribas downgraded the stock to underperform from neutral and reduced its price target to $46 from $55.Interactive Brokers (IBKR) will allow eligible UK clients to participate in the initial public offering of SpaceX ahead of the listing of its shares on Nasdaq, the company said Friday. Interactive Brokers' shares were down 3.4%.
$FISV$IBKR$JPM
Sectors
Sector Update: Financial
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index decreasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.2%.The Philadelphia Housing Index was down 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.9%.Bitcoin (BTC-USD) was down 3.9% to $61,053, and the yield for 10-year US Treasuries rose 6.1 basis points to 4.536%.In corporate news, JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) plan to launch a tokenized deposit network in H2 2027 to connect traditional banking systems with blockchain technology, The Wall Street Journal reported Friday. JPMorgan shares fell 0.3%, Bank of America shares dropped 0.8%, Citigroup shares were down 2.6%, and Wells Fargo shed 0.1%.
$BAC$C$JPM$WFC
Wire
Market Chatter: JPMorgan Chase CEO Jamie Dimon Explores Acquisition Opportunities
JPMorgan Chase (JPM) Chief Executive Jamie Dimon is exploring acquisition opportunities, potentially including a wealth management firm or a private credit business, the New York Post reported Friday, citing people familiar with the matter.JPMorgan could be interested in Carlyle's (CG) private credit unit, Carlyle Global Credit, should it ever be put up for sale, according to the report.JPMorgan did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $309.98, Change: $-0.91, Percent Change: -0.29%
$CG$JPM
Sectors
Sector Update: Financial Stocks Gain Late Afternoon
Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 2.2% and the State Street Financial Select Sector SPDR ETF (XLF) climbing 2.6%.The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.5%.Bitcoin (BTC-USD) was 2.6% lower at $63,852, and the yield for 10-year US Treasuries decreased 1.6 basis points to 4.48%.In economic news, US initial jobless claims rose to a level of 225,000 in the week ended May 30 from a downwardly revised 212,000 level in the previous week, compared with expectations for a 215,000 level in survey of analysts compiled by Bloomberg.Nonfarm productivity was revised down to a 0.3% growth pace in Q1 from a 0.8% increase in the previous estimate, below a 0.4% gain expected in a survey of analysts compiled by Bloomberg and following a 1.6% gain in Q4.In corporate news, JPMorgan Chase (JPM) and Jefferies Financial (JEF) are organizing trips to Caracas as foreign investor interest in Venezuela's economic reopening and debt restructuring grows, Bloomberg reported. JPMorgan shares rose 3.5%, and Jefferies climbed 4.4%.Blackstone's (BX) Blackstone Private Credit Fund said repurchase requests equaled about 10% of shares outstanding in Q2, but it will fulfill requests representing just 5% of its value, according to media reports on Thursday. Blackstone shares climbed 8.4%.Bank of America (BAC) shares rose 2.9% after it said Thursday it plans to introduce a cross-border real-time payment service for corporate and financial institution clients to instantly transfer funds via Swift or its digital CashPro system.Affirm (AFRM) and Canada Pension Plan Investment Board said Thursday that they have renewed and expanded their forward-flow agreement for consumer installment loans. Affirm shares rose 3.7%.
$AFRM$BAC$BX$JEF$JPM
Sectors
Sector Update: Financial
Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 2.1% and the State Street Financial Select Sector SPDR ETF (XLF) climbing 2.6%.The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.5%.Bitcoin (BTC-USD) was 2.6% lower at $63,852, and the yield for 10-year US Treasuries decreased 1.6 basis points to 4.48%.In corporate news, JPMorgan Chase (JPM) and Jefferies Financial (JEF) are organizing trips to Caracas as foreign investor interest in Venezuela's economic reopening and debt restructuring grows, Bloomberg reported. JPMorgan shares rose 3.6%, and Jefferies climbed 4.2%.
$JEF$JPM
Wire
Market Chatter: JPMorgan, Jefferies Eye Caracas Visits Amid Venezuela Debt Revival
JPMorgan Chase & Co (JPM) and Jefferies Financial Group (JEF) are organizing trips to Caracas as foreign investor interest in Venezuela's economic reopening and debt restructuring grows, Bloomberg reported.Jefferies executives traveled to Venezuela this week to meet with local banking executives, with a return visit under consideration, while JPMorgan is working to arrange a visit possibly alongside clients, the report said, citing people familiar with the matter.All executives involved in Jefferies' visit were cleared by the bank's compliance department, the report added.Venezuela has hired Hogan Lovells as legal counsel and Centerview Partners as financial adviser for what could be one of the largest sovereign debt restructurings since the Greek crisis, Bloomberg said.JPMorgan and Jefferies did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $312.12, Change: $+11.27, Percent Change: +3.75%
$JEF$JPM
Sectors
Sector Update: Financial Stocks Decline Late Afternoon
Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index decreasing 1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index dropped 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.Bitcoin (BTC-USD) fell 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger.In the US, employment in the private sector increased more than expected in May, ADP data showed.The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, while S&P Global (SPGI) pointed to a deceleration. Both surveys indicated elevated cost pressures and signs of weakness in the labor market.In corporate news, Morgan Stanley (MS) will allow clients' AI agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell. Morgan Stanley shares fell 2%.Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares fell 1.7%, and JPMorgan eased 0.2%.Pershing Square (PS) will sell 80.6 million Universal Music Group shares in an overnight placing as Bill Ackman's hedge fund looks to exit its position, Bloomberg reported. Pershing shares fell 3.6%.Hartford Insurance (HIG) agreed to sell its Hartford Funds unit to Wellington Management in a deal with a net present value of $1.9 billion. Hartford shares fell 1%.
$GS$HIG$JPM$MS$PS
Wire
Market Chatter: Morgan Stanley to Open Wealth Platforms to External AI Agents
Morgan Stanley (MS) will allow clients' artificial intelligence agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported Wednesday, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell.The move would allow autonomous agents to pull data and insights directly from the platforms, bypassing traditional interfaces built for human users, Mitchell told CNBC.The bank has already granted early access to a handful of clients and plans to expand it to all 3,400 corporate administration clients by next year, Mitchell added, according to the report.Morgan Stanley did not immediately respond to a request for comment from.Rivals JPMorgan Chase (JPM) and Goldman Sachs (GS) are using AI agents internally but have yet to announce steps to open their systems to external agents, CNBC said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $211.14, Change: $-3.84, Percent Change: -1.79%
$GS$JPM$MS
Sectors
Sector Update: Financial Stocks Decline Wednesday Afternoon
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.9%.The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.7%.Bitcoin (BTC-USD) was falling 2.4% to $65,724, and the yield for 10-year US Treasuries was rising 5 basis points to 4.497%.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger for some time even after its resolution.In corporate news, Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares were down 1.8%, Morgan Stanley shed 1.9%, and JPMorgan decreased 0.1%.Hartford Insurance (HIG) has agreed to sell its Hartford Funds unit to Wellington Management in a deal with a net present value of $1.9 billion, the companies said Wednesday. Hartford shares were down 0.7%.Deutsche Bank (DB) may set aside more money for loan losses than analysts expected in Q2, although provisions are expected to be lower than in the previous quarter, Bloomberg reported, citing CFO Raja Akram. Deutsche shares fell 3.3%.
$DB$GS$HIG$JPM$MS
Sectors
Sector Update: Financial
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1%.The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.Bitcoin (BTC-USD) was falling 1.2% to $65,838, and the yield for 10-year US Treasuries was rising 4 basis points to 4.495%.In corporate news, Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares were down 1.8%, Morgan Stanley shed 2%, and JPMorgan decreased 0.3%.
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Wire
Market Chatter: JPMorgan Chase to Launch $1.85 Billion Debt Financing for Belden's Ruckus Acquisition
JPMorgan Chase (JPM) is preparing to launch a $1.85 billion debt financing package to back Belden's (BDC) acquisition of Ruckus Network, Bloomberg reported Wednesday, citing people familiar with the situation.The leveraged loan financing is expected to be marketed to institutional investors imminently, the people told Bloomberg.Belden agreed in April to acquire Ruckus Network from Vistance Networks (VISN) for about $1.85 billion, obtaining fully committed debt financing from JPMorgan. The bank has since brought additional lenders into the lineup, including Wells Fargo (WFC), the report added.Wells Fargo declined to comment, while JPMorgan Chase, Belden and Ruckus Network didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $300.21, Change: $-0.75, Percent Change: -0.25%
$BDC$JPM$VISN$WFC
Wire
Market Chatter: Anthropic Said to Select Goldman Sachs, Morgan Stanley to Lead IPO
Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported Wednesday, citing people familiar with the matter.JPMorgan Chase (JPM) is also working on the deal, the report said. Anthropic is considering going public as early as October, according to the report.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $248.36, Change: $-8.16, Percent Change: -3.18%
$AMZN$GS$JPM$MS
Wire
Market Chatter: Swiss Dental Startup vVardis Exploring US IPO With JPMorgan, Goldman
Swiss dental startup vVardis is working with JPMorgan Chase (JPM) and Goldman Sachs (GS) on a potential US initial public offering that could take place this year, Bloomberg reported Tuesday, citing people familiar with the matter.The company was valued at more than $1 billion in an April funding round and would likely seek a higher valuation in an IPO.No final decision has been made on the offering and the company's plan could still change, according to the report.JPMorgan Chase, Goldman Sachs, vVardis did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $297.15, Change: $+0.57, Percent Change: +0.19%
$GS$JPM
Sectors
Sector Update: Financial Stocks Edge Higher Premarket Friday
Financial stocks were edging higher premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.JPMorgan Chase (JPM) and Nomura Holdings (NMR) are among the firms picked by Waaree Energies to manage its planned share sale, which could raise up to $700 million, Bloomberg reported, citing people familiar with the matter. Nomura Holdings shares were up 1% pre-bell.Apollo Global Management (APO) has received the European Commission's approval for its funds under Apollo Capital Management to acquire Nippon Sheet Glass, according to a statement. Apollo Global Management stock was 0.2% higher premarket.Blackstone (BX) is in talks to sell its 45% stake in Leica Camera to Asian investment firm HSG, Bloomberg reported Friday, citing sources familiar with the matter. Shares of Blackstone were 0.3% higher pre-bell.
$APO$BX$FAS$FAZ$JPM$NMR$XLF
Sectors
Sector Update: Financial
Financial stocks were edging higher premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.JPMorgan Chase (JPM) and Nomura Holdings (NMR) are among the firms picked by Waaree Energies to manage its planned share sale, which could raise up to $700 million, Bloomberg reported, citing people familiar with the matter. Nomura Holdings shares were up 1% pre-bell.
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US Markets
Wall Street Hits New Peaks, US Crude Slips Below $90 Amid Iran Deal Hopes
Wall Street's benchmark equity indexes reached fresh highs on Wednesday as US crude oil fell below $90 a barrel amid renewed optimism around prospects for an end to the Middle East conflict.The Dow Jones Industrial Average rose 0.4% to 50,644.3, its highest finish ever. The Nasdaq Composite gained 0.1% to 26,674.7, while the S&P 500 eked out a gain to end at 7,520.4 -- both notching new record closing highs for a second consecutive day.Six of the 11 sectors were in the red, led by energy, while consumer discretionary paced the gainers.West Texas Intermediate crude oil was last down 4.8% at $89.39 a barrel, while Brent fell 4.6% to $95.Secretary of State Marco Rubio said the US will give talks with Iran "every chance to succeed," according to a CNBC report.Israel reportedly launched fresh attacks in Lebanon, targeting Iran-backed Hezbollah. This could complicate peace talks as Tehran has demanded that any deal must ensure an end to fighting in Lebanon, Stifel said."Despite the latest clashes, however, markets remain somewhat hopeful an interim deal (between the US and Iran) may still be likely," Stifel Chief Economist Lindsey Piegza said in a note Wednesday.President Donald Trump on Wednesday expressed confidence that the US would be able to reach a deal to end the conflict, but he is not yet satisfied with the terms, CNN reported.Iranian state TV previously claimed that a draft memorandum on ending the conflict calls for the US to withdraw its military forces and lift the naval blockade in return for reopening the Strait of Hormuz within a month. However, the White House dismissed it as a "complete fabrication," CNN reported.US Treasury yields were mixed, with the 10-year rate down 1.1 basis points at 4.48% and the two-year rate little changed at 4.04%.In company news, JPMorgan Chase (JPM) Chief Executive Jamie Dimon said Wednesday at a conference that the bank's expenses this year could be "closer" to $106 billion, or $1 billion higher than previously projected. JPMorgan shares fell 2.4%.Dimon also said that "there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something," referring to a potential merger and acquisition opportunity, according to a FactSet transcript.Zscaler (ZS) shares tanked nearly 32% after the cloud security company provided a fiscal fourth-quarter revenue outlook below market estimates, even though it reported better-than-expected results for the prior three-month period.PDD's (PDD) first-quarter earnings unexpectedly declined year over year, while the Chinese e-commerce platform's revenue fell short of market estimates. The company's Nasdaq-listed stock slid 10%.Abercrombie & Fitch's (ANF) fiscal first-quarter earnings topped Wall Street's projections amid record sales for the apparel retailer. The company's shares jumped 8.9%.Gold was last down 1.2% at $4,450.70 per troy ounce, while silver lost 2.3% to $74.87 per ounce.
Dow JonesNasdaq CompositeS&P 500$ANF$JPM$PDD$ZS
Sectors
Sector Update: Financial Stocks Softer Late Afternoon
Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%.In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said Wednesday at a conference that the bank's expenses this year could be "closer" to $106 billion, or $1 billion higher than previously projected. Dimon also said that "there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something," referring to a potential M&A deal, according to a FactSet transcript. JPMorgan shares fell 2.6%.Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. Carlyle shares were fractionally higher.Pershing Square's (PS) proposed takeover plan for Universal Music Group should be rejected, Bollore Group, which owns a roughly 18% stake in the music company, said Wednesday. Pershing Square shares were up 0.9%.Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. Its shares rose 3.4%.
$CG$HOOD$JPM$PS
Sectors
Sector Update: Financial Stocks Decline Wednesday Afternoon
Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.8%.The Philadelphia Housing Index rose 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 0.1%.Bitcoin (BTC-USD) fell 1.6% to $74,905, and the yield for 10-year US Treasuries was little changed at 4.49%.In economic news, Redbook US same-store sales last week jumped 9% from a year earlier after an 8.1% gain in the prior week.The Dallas Federal Reserve's monthly general business services index improved to minus 7.7 in May from minus 9.9 in April, versus the expected minus 6.0.The Richmond Fed's monthly manufacturing index rose to 13 in May from 3 in April, more than the 4 estimate in a Bloomberg survey.In corporate news, JPMorgan Chase (JPM) CEO Jamie Dimon said at a conference that acquisition opportunities may emerge in the next couple of years. "We have great businesses and we want to continue to build them," Dimon said, according to a transcript. "But I do think there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something." JPMorgan shares fell 3%.Robinhood (HOOD) is launching Agentic Trading and Agentic Credit Card, new tools that let users deploy AI agents to trade and make credit purchases on their behalf. The shares rose 1.9%.Carlyle (CG) introduced a middle-market aerospace, defense, and industrial investment platform focusing on deals in the US and Europe. The shares rose 0.5%.
$CG$HOOD$JPM
US Markets
Equities Mixed Intraday as Markets Track US-Iran Peace Talks
US benchmark equity indexes were mixed after midday Wednesday as traders continued to monitor US-Iran peace deal negotiations.The Dow Jones Industrial Average was up 0.4% at 50,646.7 intraday, while the Nasdaq Composite fell 0.2% to 26,611.6. The S&P 500 slipped 0.1% to 7,509.8. Both the Nasdaq and the S&P 500 notched new record closing highs in the previous session.Among sectors, consumer discretionary paced the gainers, while energy and financials saw the biggest drop.Iranian state TV reportedly claimed that a draft memorandum on ending the three-month-old conflict calls for the US to withdraw its military forces and lift the blockade of Iranian ports in return for the reopening of the Strait of Hormuz within a month. However, the White House dismissed it as a "complete fabrication," CNN reported.President Donald Trump on Wednesday expressed confidence that the US would be able to reach a deal to end the conflict, but he is not yet satisfied with the terms, CNN reported.West Texas Intermediate crude oil was down 4.4% at $89.77 a barrel intraday Wednesday, while Brent fell 4.1% to $95.54.US Treasury yields were mixed intraday Wednesday, with the 10-year rate down 1.1 basis points at 4.48% and the two-year rate little changed at 4.04%.In company news, JPMorgan Chase (JPM) Chief Executive Jamie Dimon said Wednesday at a conference that the bank's expenses this year could be "closer" to $106 billion, or $1 billion higher than previously projected. JPMorgan shares were down 3%.Dimon also said that "there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something," referring to a potential merger and acquisition story, according to a FactSet transcript.Zscaler (ZS) shares tanked nearly 32% intraday after the cloud security company provided a fiscal fourth-quarter revenue outlook below market estimates, even though it reported better-than-expected results for the prior three-month period.PDD's (PDD) first-quarter earnings unexpectedly declined year over year, while the Chinese e-commerce platform's revenue fell short of market estimates. The stock slid nearly 12% intraday.Abercrombie & Fitch's (ANF) fiscal first-quarter earnings topped Wall Street's projections amid record sales for the apparel retailer. The company's shares jumped nearly 12% intraday.Marvell (MRVL), Salesforce (CRM), Synopsys (SNPS), Snowflake (SNOW) and HP (HPQ) were scheduled to release their quarterly results after the markets close Wednesday.Gold was down 1.4% at $4,441 per troy ounce, while silver lost 2.2% $74.90 per ounce.
Dow JonesNasdaq CompositeS&P 500$ANF$CRM$HPQ$JPM$MRVL$PDD$SNOW$SNPS$ZS
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