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Tech drags stocks lower as rally hits pause

Reddit (RDDT) stock popped as much as 5% Wednesday after the company said in its first-ever quarterly earnings report that it expects better-than-expected sales growth in the current quarter and further progress on profitability.Reddit said in its release on Tuesday that it expects Q2 revenue in the range of $240 million to $255 million, above…
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Stocks buoyant as Sweden cuts, oil skids

A look at the day ahead in U.S. and global markets from Mike DolanWall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses stalking new records as Sweden becomes the latest G10 central bank to cut interest rates and oil prices plunged.Stocks futures and Treasury yields held…
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Why J&J Snack Foods Stock Surged Today

J&J easily beat estimates on the top and bottom lines. Shares of J&J Snack Foods (JJSF 16.37%), the maker of SuperPretzels and other event snack staples, jumped today after the company delivered a strong second-quarter earnings report. The stock finished today's session up 16.4%. J&J Snack Foods shines J&J reported revenue growth…
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Why Eli Lilly Stock Jumped by 4% Today

The company's payout is far from the only reason investors like the stock these days, but it certainly helps. The largest pharmaceutical company in the world by market cap, Eli Lilly (LLY 4.31%), is continuing to share some of its profits with shareholders. The company has kept its quarterly dividend payments flowing, and declared a new…
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Here’s Why Bowlero Stock Crashed Today

The company got off to a slow start in January and it will impact the fiscal year. Shares of bowling entertainment company Bowlero (BOWL -13.53%) crashed on Friday after the company reported financial results for its fiscal third quarter of 2024. As of 10:20 a.m. ET, Bowlero stock was down 18%. A slow start led to a weak quarter In Q3, Bowlero's…
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