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Dell, Nordstrom, MongoDB fall premarket; Gap, Zscaler rise May 31, 2024 08:04AM

Investing.com -- U.S. stock futures drifted lower Friday, with investors wary ahead of the release of key inflation data that could guide future monetary policy.

Here are some of the biggest premarket U.S. stock movers today:

  • Dell Technologies (NYSE: DELL) stock slumped 15% after the technology group unveiled a lower-than-anticipated current-quarter earnings outlook and indicated that higher spending on building out servers to meet artificial intelligence workloads... (continue reading...)


Analysis-After Trump's conviction, the jury is still out on political damage May 31, 2024 06:04AM

By James Oliphant, Helen Coster, Tim Reid and Gram Slattery

WASHINGTON (Reuters) - Donald Trump made history on Thursday as the first former U.S. president convicted of a crime. But his ultimate judgment won't come until November when he faces America's voters, who have decidedly mixed feelings about voting for a felon.

Prior to the trial, surveys conducted by Reuters/Ipsos and other outlets showed that some Republican and independent... (continue reading...)


JD Sports shares slip following quarterly drop in U.K. sales May 31, 2024 07:13AM

Investing.com -- London-listed shares in JD (NASDAQ: JD) Sports (LON: JD) fell sharply on Friday after the athletic apparel retailer posted a drop in domestic sales in the first quarter.

Sales in the U.K., the company's home market, slid by 6.4%, with JD Sports saying it faced a "tough" comparison versus the year-ago period. Chief Executive Regis (NASDAQ: RGS) Schultz told reports the decline was due to inclement weather and volatility in Britain due to its "larger... (continue reading...)


Strong May supports a bullish 2024 outlook for S&P 500: Stock Trader's Almanac May 31, 2024 07:12AM

Despite recent market weakness, the S&P 500 posted a 4% gain in May, recouping losses from April. According to the latest newsletter from Stock Trader's Almanac, if the market holds steady, this May will rank as the 10th best since 1950, an impressive feat for a typically weak month.

The firm said that historically, a strong Mays supports a bullish outlook for the rest of the year, bolstering confidence in a positive 2024.

The newsletter highlights that since 1950, only... (continue reading...)


Former President Donald Trump found guilty in hush money trial on all counts May 30, 2024 05:09PM

Former President Donald Trump found guilty in hush money trial on all counts


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