22 stories mentioning WDAY
Every FINWIRES story that references WDAY, newest first.
David A Duffield, 10% Owner, on June 09, 2026, sold 107,500 shares in Workday (WDAY) for $14,869,715. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000031/xslF345X05/wk-form4_1781222059.xml
David A Duffield, 10% Owner, on June 01, 2026, sold 107,500 shares in Workday (WDAY) for $16,838,803. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000027/xslF345X05/wk-form4_1780521120.xml
All three major US stock indexes were up in late-morning trading Tuesday, as investors monitor developments between the US and Iran as well as oil price movements.In company news, Nvidia (NVDA) Chief Executive Jensen Huang said Marvell Technology (MRVL) is the next "trillion-dollar company," news outlets reported, citing Huang's appearance at a trade show in Taipei. Nvidia shares were up 0.9%, while Marvell shares were up 29.7%.Amazon-backed (AMZN) Anthropic said Tuesday it is expanding its Project Glasswing program to about 150 new organizations based in over 15 countries, granting them access to Claude Mythos Preview. The partnering organizations use Mythos to scan their codebases for vulnerabilities. So far, the 50 initial partners have found over 10,000 high- or critical-severity security flaws, Anthropic said. Separately, Amazon Web Services will be integrated with Workday (WDAY) Data Cloud, allowing developers to access governed HR and finance data through AWS Ai and analytics tools, Workday said. Amazon shares were down 0.3%, while Workday shares were down 7.1%.Hewlett Packard Enterprise (HPE) reported fiscal Q2 adjusted earnings late Monday of $0.79 per diluted share, up from $0.38 a year earlier and above the FactSet consensus of $0.53. Fiscal Q2 revenue was $10.7 billion, up from $7.63 billion a year ago and above the FactSet consensus of $9.78 billion. For fiscal Q3, the company expects adjusted EPS of $0.88 to $0.93 on revenue of $11.5 billion to $12.1 billion. Analysts polled by FactSet expect $0.58 and $10.9 billion, respectively. For its full-year guidance, the company now expects adjusted EPS of $3.35 to $3.45, up from its prior forecast of $2.30 to $2.50 and above the FactSet consensus of $2.42. Hewlett Packard shares were up 21.5%.Alphabet (GOOG, GOOGL) said Monday it plans to raise $80 billion in equity to help fund investments in AI compute infrastructure, including a $10 billion private placement to Berkshire Hathaway (BRK.A, BRK.B), split evenly between class A common stock at $351.81 per share and class C capital stock at $348.20 per share. Alphabet's class A shares were down 2.3%, while its class C shares were down 2.2%. Berkshire's class A shares were up 0.4%, while its class B shares were up 0.3%.President Donald Trump signed a proclamation on Tuesday lowering the tariffs on agricultural equipment and certain other equipment to 15% from 25%, the White House said. In addition, the existing category of industrial equipment subject to a 15% tariff was expanded to include mobile industrial equipment, like bulldozers and forklifts, "when imported from trade deal countries that are entitled to such treatment," the White House said. The proclamation also allows foreign companies to qualify for a 10% duty rate if their capital equipment includes at least 85% US melted and poured or smelted and cast steel or aluminum by weight, the White House said. The tariff changes will last until Dec. 31, 2027, the White House said. Shares of Deere (DE), Agco (AGCO), CNH Industrial (CNH) and Caterpillar (CAT) were up 5.3%, 6.1%, 10.1% and 4.7%, respectively.IBM (IBM) said Tuesday it plans to invest over $10 billion in quantum computing over the next five years. The investment will go toward research and development, capital expenditure, manufacturing scaling, ecosystem partnerships and M&A, the company said. IBM shares were up 1.1%.Price: $283.09, Change: $+63.66, Percent Change: +29.01%
Workday (WDAY) will integrate its Workday Data Cloud with Amazon Web Services (AMZN), allowing developers to access governed HR and finance data through AWS AI and analytics tools, the company said Tuesday.The integration enables bi-directional, zero-copy access between AWS and Workday's data layer. This is intended to allow customers to use tools like Amazon Bedrock without duplicating data or having to rebuild business logic from scratch, the company said.Workday said its governance, permissions and audit controls will remain embedded across the data environment.Shares of Workday were down nearly 5%, while Amazon shares shed 2.5% in early Tuesday trading.Price: $149.94, Change: $-7.29, Percent Change: -4.64%
Alphabet's (GOOG, GOOGL) Google Cloud and Workday (WDAY) have expanded their partnership to bring artificial intelligence agents for HR and finance into employees' workflows, the two companies said Thursday.The new collaboration integrates the Sana Self-Service Agent from Workday directly into Gemini Enterprise, with Gemini becoming the default AI model inside Sana for Workday, according to a statement.The integration allows employees to use AI agents for HR and finance work without the data leaving Workday's secure environment, the statement said.Sana Self-Service Agent in Gemini Enterprise is currently available in early access for eligible customers, the companies said.Price: $382.92, Change: $-1.91, Percent Change: -0.50%
Workday (WDAY) is facing value compression risks related to pressures on seat-based monetization, BofA Securities said in a note Wednesday.The pressures stem from headcount rationalization, agent-based pricing's traction, and potential issues with contract pricing and duration, the brokerage said, adding that monetization could take time to offset these.Workday, though highly resilient and embedded, is increasingly defending its share rather than gaining it, BofA Securities said, pointing to the company's lack of near-term catalysts.The company maintains a solid position in human capital management, but expansion opportunities in other sectors do not indicate a clear growth inflection as of yet, according to the note.BofA Securities reinstated coverage of Workday with a neutral rating and a $140 price target.Price: $126.09, Change: $+2.07, Percent Change: +1.67%
Workday (WDAY) has an average rating of overweight and mean price target of $173.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Workday's (WDAY) latest quarterly results don't indicate enough of a "growth improvement" to sustain any re-rating, UBS Securities said in a note e-mailed Friday.Late Thursday, the finance and human resources solution provider reaffirmed its fiscal 2027 subscription revenue guidance range of $9.93 billion to $9.95 billion even as its first-quarter bottom- and top-lines topped Wall Street's expectations. Subscription revenue for the quarter jumped 14% year over year to $2.35 billion, also ahead of the market consensus.Workday shares were up 5.4% in Friday afternoon trade. So far in 2026, the stock has lost 40% in value."We think this rally is partly justified given Workday proved itself to be more resilient than feared in a tough budget backdrop, but in our view the (first-quarter) results don't point to enough of a growth improvement to sustain any re-rating," UBS analysts Karl Keirstead and Daniela Campo said in a note to clients. "Despite the (first-quarter subscription revenue) upside, Workday reaffirmed the (full-year) guide, citing a desire to be conservative and an uncertain macro."UBS raised its price target on the company's stock to $140 from $130 while maintaining its neutral rating.The company's latest results showed that its artificial intelligence initiatives were working, its executives said during Thursday's earnings conference call. Workday will announce new AI "platform innovations" next month, Gerrit Kazmaier, president of product and technology, said on the call, according to a FactSet transcript.In the first quarter, Workday saw a more than 200% year-over-year surge in new annual contract value from agentic AI products, Kazmaier told analysts. The company is approaching $500 million in annual recurring revenue from agentic AI solutions, he said.Workday's Flex Credits pricing model for its AI products "is quickly gaining traction," Chief Commercial Officer Robert Enslin said on the call. "While still early in the journey, we're seeing a growing mix of AI monetization coming through Flex Credits."Still, UBS outlined several concerns, including "a larger lift from the acquired AI suite, not from Workday's 'core'," and a deceleration in backlog growth, according to the note."On the surface, there was no evidence of stress, with Workday saying that it hasn't yet seen any impact of the uncertain macro, the (February to March) sales re-org didn't cause any real disruption and that it wasn't seeing any change in customer contracting behavior," Keirstead and Campo said. "Net, in our view this outcome warrants some modest relief in the stock."For the ongoing quarter, Workday projects subscription revenue at $2.46 billion, representing 13% growth.Price: $126.37, Change: $+4.52, Percent Change: +3.71%
All three major US stock indexes were up in late-morning trading Friday, as Wall Street is set to secure a winning week despite high levels of volatility.In company news, Futu Holdings (FUTU) said Friday it has received an investigation notice and a preliminary administrative penalty warning from the Chinese Securities Regulatory Commission regarding its mainland China operations. The agency claims that certain Futu entities have conducted unauthorized securities business, public fund sales business and futures business in mainland China, in violation of several laws, the online brokerage said. Authorities have proposed ordering the cessation of these activities along with a fine of 1.85 billion Chinese Renminbi ($271 million) for Futu and a 1.25 million renminbi personal penalty for Chief Executive Li Hua, Futu said.Workday (WDAY) reported fiscal Q1 non-GAAP net income late Thursday of $2.66 per diluted share, up from $2.23 a year ago and above the FactSet consensus analyst estimate of $2.51. Fiscal Q1 revenue was $2.54 billion, up from $2.24 billion a year ago and above the FactSet consensus of $2.52 billion. For fiscal Q2, the company said it expects subscription revenue of $2.455 billion, compared with the FactSet consensus of $2.45 billion. For fiscal 2027, Workday said it expects subscription revenue of $9.925 billion to $9.950 billion. Analyst expect $9.94 billion.BJ's Wholesale Club (BJ) reported fiscal Q1 adjusted earnings Friday of $1.10 per diluted share, down from $1.14 a year earlier but above the FactSet consensus of $1.03. Fiscal Q1 revenue was $5.66 billion, up from $5.15 billion a year ago and above the FactSet consensus of $5.44 billion. The company said it plans to open new locations in Kentucky, Florida and Indiana.Take-Two Interactive Software (TTWO) reported a fiscal Q4 loss late Thursday of $0.32 per diluted share, narrowing from a loss of $21.08 a year earlier and compared with FactSet consensus estimate of a loss of $0.57. Fiscal Q4 revenue was $1.68 billion, up from $1.58 billion a year ago and above the consensus of $1.55 billion. For fiscal Q1, the company said it expects an EPS loss of $0.23 to $0.15 on revenue of $7.90 billion to $8.10 billion. Analysts expect $2.43 and $9.13 billion, respectively. The company said its highly anticipated game, Grand Theft Auto VI, will be released on Nov. 19.Price: $90.87, Change: $-32.99, Percent Change: -26.63%
Workday's (WDAY) momentum in artificial intelligence continues as the company posted solid fiscal Q1 results, RBC Capital Markets said in a Thursday note.The company is beginning to see early AI traction as more than 4,000 customers are now using one of its organically developed AI agents, marking a more-than-double increase from the previous quarter, RBC analysts said. They noted that Workday's Recruiting Agent assisted with 14 million hiring processes in the quarter, up 44% year over year.Around 60% of subscription revenue growth came from expansions, while the quarter delivered its best net new growth in annual contract value in the past five years, the analysts said.New annual growth from agentic AI products increased more than 200% from a year ago, while total annual recurring revenue from Agentic AI Solutions is now nearing $500 million, pointing to Workday's acceleration in AI, according to the note.RBC maintained the company's stock rating at outperform and price target at $180.Price: $126.84, Change: $+4.99, Percent Change: +4.10%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target to $144, from $136, based on a P/E of 13.5x our FY 27 (Jan.) EPS projection, below its three-year average. We raise our FY 27 EPS view to $10.68 from $10.49, and lift our FY 28 EPS forecast to $12.51 from $12.26. WDAY delivered Q1 beats with subscription revenue of $2.354B, up 14.3% Y/Y. Management highlighted the best first quarter of new ACV growth in five years, though partially benefitting from slipped deals from the prior quarter. That said, AI was a driver of demand strength. We note that over 4,000 customers are using its agents, and its FlexCredit pricing model is fueling AI monetization. New ACV from Agentic AI grew over 200% Y/Y and total ARR from AI solutions is nearly $500M. The firm also launched two new agents - ITSM and Travel Agent, expanding its TAM beyond HR and Finance. Non-GAAP operating margin reached 31.8%, up from 30.2% in Q1 FY 25, and the firm raised its FY 27 operating margin guide by 50 bps to 30.5%, reflecting incremental operating discipline and efficiencies.
Workday (WDAY) has an average rating of overweight and mean price target of $176.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $127.25, Change: $+5.40, Percent Change: +4.43%
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Friday's premarket activity, buoyed by a robust corporate earnings season.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 0.2% before the start of regular trading.The final University of Michigan consumer sentiment reading for May and the leading indicators data for April will be released at 10 am ET.Kansas City Fed's services reading for May is slated for an 11 am ET release.Federal Reserve Governor Christopher Waller speaks on Friday.In premarket activity, bitcoin was down by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% lower, Ether ETF (EETH) retreated by 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.03%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.4%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 0.5%, while the iShares Semiconductor ETF (SOXX) rose by 0.7%.Workday (WDAY) shares were up more than 7% in premarket activity after the company's fiscal Q1 results overnight surpassed market expectations.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.2%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were flat.Rocket Lab (RKLB) stock was up more than 2% before the opening bell after the company received a $90 million US Space Force contract to design, build, and operate two satellites hosting the Heimdall space domain awareness payload.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 0.1% lower.Novo Nordisk (NVO) stock was down more than 1% premarket, after an almost similar fall in the previous session. The European Medicines Agency said it has recommended extending Wegovy's marketing authorization to include its oral formulation for weight management.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% lower.UBS (UBS) shares were down more than 1% pre-bell. The company said Thursday it expects the voluntary review of Credit Suisse's World War II operations to conclude by the end of the year.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.5%. The iShares US Consumer Staples ETF (IYK) was down 0.2%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) increased 0.4%.Yum China Holdings (YUMC) shares were down more than 1% pre-bell, continuing from a 1.3% decline at the prior close. The company said its KFC light-meal business, KPRO, now operates more than 300 sites in China.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.2%.TotalEnergies (TTE) stock was down more than 1% before the opening bell after Bloomberg reported the company is considering selling a 50% stake in a portfolio of European renewable energy assets.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 1.2% to $97.49 per barrel on the New York Mercantile Exchange. Natural gas was down 1.2% at $2.98 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 0.7%, while the United States Natural Gas Fund (UNG) was 0.9% lower.Gold futures for May retreated by 0.5% to $4,521.20 an ounce on the Comex. Silver futures declined by 0.8% to $76.09 an ounce. SPDR Gold Shares (GLD) was down by 0.4%, and the iShares Silver Trust (SLV) fell by 1.3%.
Technology stocks were advancing premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.3% higher.Take-Two Interactive Software (TTWO) stock was up 4.6% after the company reported a narrower fiscal Q4 net loss as revenue increased during the period.Workday (WDAY) shares were up more than 6% after the company reported higher fiscal Q1 non-GAAP net income and revenue.Sony's (SONY) Bungie is planning layoffs tied to the end of development for Destiny 2, Bloomberg reported, citing people familiar with the matter. Shares of Sony were down 1.6% pre-bell.
US equity futures were higher pre-bell Friday as traders mulled easing bond yields and monitored developments in the Middle East peace negotiations.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.4% higher.Treasury yields declined after a spike earlier in the week. The yield on the 10-year US Treasury note fell more than 2 basis points to 4.56%.Iranian Foreign Minister Abbas Araghchi met with Pakistani Interior Minister Syed Mohsin Naqvi in Tehran to discuss proposals aimed at ending the US-Iran conflict, according to Iranian media reports. US and Iran are still in disagreement over the issue of uranium enrichment and control over the Strait of Hormuz.Traders noted the latest round of earnings, with BJ's Wholesale Club (BJ) posting lower fiscal Q1 adjusted earnings on higher revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1% at $103.58 per barrel and US West Texas Intermediate crude 0.3% higher at $96.64 per barrel.The final University of Michigan consumer sentiment report for May, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 48.2, unchanged from the preliminary reading, according to estimates compiled by Bloomberg.Federal Reserve Governor Christopher Waller is slated to speak on Friday.In other world markets, Japan's Nikkei closed 2.7% higher, Hong Kong's Hang Seng ended 0.9% higher, and China's Shanghai Composite finished 0.9% higher. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 1.1% higher in Europe's early afternoon session.In equities, Workday (WDAY) shares rose 6.3% after the company's fiscal Q1 results surpassed market expectations. Dell Technologies (DELL) stock was up 4.4% after Wells Fargo raised its price target to $270 from $180. Nokia (NOK) shares were up 3.2% after the company said it launched an AI networking innovation lab in California.On the losing side, UBS (UBS) stock was down 0.9% after the company said it expects the voluntary review of historic World War II operations at Credit Suisse to conclude by the end of the year. NetEase (NTES) shares fell 2.6% after the company posted lower Q1 non-GAAP earnings. Copart (CPRT) stock was down 2.5% despite posting higher fiscal Q3 earnings and revenue.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WDAY reported Q1 FY 27 non-GAAP EPS of $2.66, beating consensus by $0.14, while total revenues of $2.542B grew 13.5% Y/Y, ahead of estimates by $20M. Subscription revenues of $2.354B grew 14.3% Y/Y, exceeding guidance, while professional services revenue of $188M grew 3.9% Y/Y, and non-GAAP operating margin reached 31.8%, significantly ahead of 30.5% guidance and up 160 bps Y/Y. Although 12-month subscription backlog growth decelerated to 15.5% from Q4's 15.8%, we think the growth rates still reflect healthy momentum. Management reiterated FY 27 subscription revenue guidance of $9.925-$9.950B (12-13% growth) but raised full-year non-GAAP operating margin guidance to 30.5% from 30.0%. We think WDAY's maintained revenue outlook puts total revenue projections ahead of consensus estimates of $10.663B. The strong operational leverage demonstrated by the 130 bps margin beat and 52.3% operating cash flow growth to $696M supports our positive view on execution capabilities.
US equity markets edged higher intraday and oil prices declined as traders tracked the latest on the Iran war, while technology bellwether Nvidia's (NVDA) shares slipped despite reporting stronger-than-expected first-quarter revenue.The Dow Jones Industrial Average was up 0.5% at 50,256.6 after midday Thursday, while the Nasdaq Composite rose 0.3% to 26,345. The S&P 500 added 0.3% to 7,453.4. Most sectors were in the green, led by consumer discretionary, while consumer staples saw the biggest drop.West Texas Intermediate crude oil was down 2.4% at $95.92 a barrel intraday, while Brent fell 2.5% to $102.39.Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, has issued a directive that the country's uranium should remain within the country, Reuters reported Thursday, citing two senior Iranian sources.President Donald Trump reportedly said Thursday that the US will eventually recover Iran's stockpile of highly enriched uranium. Retrieving the uranium is a key objective of Trump's war on Iran.Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backed out, according to several media outlets.Iran is discussing setting up a permanent toll system with Oman to formalize its control of the Strait of Hormuz, Bloomberg News reported Thursday.Treasury yields were mixed intraday, with the two-year rate up 2.4 basis points at 4.09% and the 10-year yield rate little changed at 4.59%.Shares of Nvidia (NVDA) fell 1.2% intraday, among the worst performers on the Dow.The chipmaking giant late Wednesday reported fiscal first-quarter revenue above Wall Street's estimates as data center sales outperformed expectations amid an artificial intelligence boom.For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%. The consensus indicated $87.29 billion."Nvidia has become so important that good is not enough," Saxo Bank said in a report. "Investors want proof that the cycle extends into 2027 and beyond, that margins can stay high, and that customers are not simply ordering ahead before the next chip transition."Walmart (WMT) shares were down 6.9%, the steepest decline on the Dow and second-biggest on the S&P 500. The retail giant issued a fiscal second-quarter earnings outlook below market estimates, while it reported better-than-expected revenue in the previous three-month period.Intuit's (INTU) stock plunged 20% intraday, the worst performer on the S&P 500. The financial technology platform late Wednesday reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%.Deere's (DE) fiscal second-quarter results exceeded analysts' expectations, while the company on Thursday affirmed its soft full-year earnings outlook amid continued pressure in global agricultural markets. The stock was 4.6% lower intraday, among the worst performers on the S&P 500.Lifting interest rates may not be an appropriate response from the Federal Reserve to curb price pressures, Richmond Fed President Tom Barkin said in prepared remarks for an event in North Carolina."Raising rates to weaken demand doesn't address the root cause behind supply shock-driven inflation. It doesn't free up trade routes, reopen factories or melt ice," he said. "That said, I've been asking myself whether we've entered an era where supply shocks will become more frequent.""With inflation above our 2% target for over five years now, it's worth asking whether the cumulative impact of so many waves risks loosening the anchor."Fed officials at their April policy meeting flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the meeting showed on Wednesday.Ross Stores (ROST), Take-Two Interactive Software (TTWO), and Workday (WDAY) are among companies scheduled to release their earnings after the markets close.Gold was up 0.2% at $4,545.90 per troy ounce, while silver rose 1.1% to $77.05 per ounce.
US equity markets were trending lower before the opening bell Thursday as traders monitor the latest developments in the US-Iran conflict and digest tech bellwether Nvidia's (NVDA) quarterly earnings.The S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3% in premarket activity, while the Nasdaq was down 0.5%. The indexes finished the previous trading session higher, with the Nasdaq and S&P 500 snapping a three-day losing streak.Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Thursday that Tehran is reviewing the latest US proposal to end the war in the Middle East, CNBC reported, citing state-run agency Nour News.President Donald Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to several media outlets. "We'll either have a deal or we're going to do some things that are a little bit nasty," Trump said, according to a Bloomberg News report. "But hopefully that won't happen."Earlier on Wednesday, Iran's Islamic Revolutionary Guard Corps reportedly said that it would retaliate beyond the Middle East if the US or Israel resumed their military attacks against the country.West Texas Intermediate crude oil slipped 0.2% to $98.01 a barrel before the open, while Brent decreased 0.6% to $104.42.Shares of Nvidia (NVDA) slipped 0.2% pre-bell after the chipmaking giant reported fiscal first-quarter revenue above Wall Street's estimates, as data center sales outperformed expectations amid an artificial intelligence boom. For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%.Intuit's (INTU) stock dropped 14% after the financial technology platform reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%. Urban Outfitters (URBN) declined 1.4% after its financial results.Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed on Wednesday.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated. However, majority of Fed officials pointed out that "some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%."Treasury yields were rising before the open, with the two-year rate gaining 6.6 basis points to 4.1% and the 10-year rate adding 5.1 basis points to 4.62%.Thursday's economic calendar has the housing starts and permits report for April at 8:30 am ET, along with the weekly jobless claims bulletin and the Philadelphia Fed manufacturing index for May. The S&P Global's (SPGI) flash purchasing managers' index for May is out at 9:45 am, followed by the Kansas City Fed manufacturing index for the same month at 11 am.Richmond Fed President Thomas Barkin is scheduled to speak at 12:20 pm.Walmart (WMT), Deere (DE), NetEase (NTES), Williams-Sonoma (WSM), Ralph Lauren (RL), Nio (NIO) and Advance Auto Parts (AAP) report their latest financial results before the bell, among others. Ross Stores (ROST), Take-Two Interactive Software (TTWO), Workday (WDAY), Zoom Communications (ZM) and Deckers Outdoor (DECK) release their earnings after the markets close.Gold was down 0.4% at $4,519 per troy ounce, while bitcoin fell 0.3% to $77,255.
US equity futures were edging lower pre-bell Tuesday as technology stocks suffered losses and the Middle East impasse continued with no end in sight.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.5%, and Nasdaq futures were 0.9% lower.Sell-offs in technology stocks weighed on the broader market. Nvidia (NVDA), slated to report after-bell Wednesday, saw its stock drop 0.8%.President Donald Trump said in a post on Truth Social that he called off a scheduled attack on Iran for Wednesday due to requests from Qatari Emir Tamim bin Hamad Al Thani, Saudi Crown Prince Mohammed bin Salman, and UAE President Mohammed bin Zayed Al Nahyan. The leaders said that "serious negotiations" are underway and a potential deal could be made, according to Trump.Traders noted the latest round of earnings, with Home Depot (HD) posting lower fiscal Q1 adjusted earnings amid higher revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.6% at $110.27 per barrel and US West Texas Intermediate crude 1% lower at $103.32 per barrel.Pending home sales for April, scheduled for release at 10 am ET, are expected to be up 1% after a gain of 1.5% in the prior month, according to estimates compiled by Bloomberg.Federal Reserve Philadelphia President Anna Paulson, acting Atlanta President Cheryl Venable and Governor Christopher Waller speak on Tuesday.In other world markets, Japan's Nikkei closed 0.4% lower, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 0.9% higher. Meanwhile, the UK's FTSE 100 was up 0.6%, and Germany's DAX index was 1.3% higher in Europe's early afternoon session.In equities, joining Nvidia in the technology stock sell-off were chip firms Taiwan Semiconductor (TSM), Broadcom (AVGO), and Micron Technology (MU). Taiwan Semiconductor stock was down 1.5%, Broadcom shares fell 1.4%, and Micron Technology stock was down 1.9%,On the winning side, Sony (SONY) shares were up 2% after the company said in a post on X that it will raise PlayStation Plus subscription prices for new customers in select regions starting Wednesday, citing market conditions. Equinor (EQNR) stock was up 2.3% after the company said it will supply Eneco with natural gas from Norway's continental shelf for a five-year period. Workday (WDAY) shares were up 2.6% following a Reuters report citing the company's India President Sunil Jose as saying Workday intends to sustain its rapid hiring rate in India while increasing artificial intelligence investments and opening additional offices.
Gloo (GLOO) said late Tuesday it will acquire Enterprisemarketdesk to add a broad set of artificial intelligence-based Workday (WDAY) services to its platform.The deal is expected to close in Q2, according to a statement.
Showing 1-20 of 22