Hey there, investors! Let’s take a look at the latest news from the stock market.
First up, Morgan Stanley reported some impressive numbers, with revenue coming in at $12.90 billion, beating analysts’ expectations. Despite this, their shares dropped 0.3%. Meanwhile, Goldman Sachs saw their shares rise 1.3% after reporting revenue of $11.32 billion, which also exceeded analysts’ estimates.
Tesla’s CEO Elon Musk made headlines by expressing his desire to have more voting power over the company, causing the stock to slide 1.5%. PNC Financial Services also faced a drop in share prices by 1.7% after issuing first-quarter net interest income guidance of a loss of 3% to 2%. Similarly, Boeing’s shares dipped 2% after Wells Fargo downgraded the company, citing potential quality problems.
Uber Technologies declined about 1% as they decided to shut down their alcohol delivery service, Drizly. On the other hand, Apple shares saw a 1.5% pullback after offering a rare discount in China.
Moving on, Applied Digital’s shares gained more than 3% ahead of their latest quarterly results, while Starbucks saw an increase of 0.7% after being upgraded by Morgan Stanley. However, Haskett downgraded Starbucks, citing decreased expectations for upside and upward earnings revisions.
In other news, Synopsys and Ansys were halted in premarket trading after reports suggested that Synopsys is set to acquire Ansys in a $35 billion cash and stock transaction.
It’s always important to keep an eye on the market to make well-informed investment decisions. Stay tuned for more updates as we continue to follow these developments. Happy investing!
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