Reported 2 days ago
U.S. equities saw midday gains influenced by President Trump's appeal for interest rate cuts before a Federal Reserve meeting. Jabil's shares surged to new highs on boosted price targets amid increased AI demand, while Oracle also saw an uptick due to optimistic revenue forecasts. Conversely, Zoetis faced a decline after a downgrade from Stifel, indicating competitive pressures on its revenue. Other notable movements include Circle Internet Group and JPMorgan benefiting from stablecoin legislation, while Allstate and Steel Dynamics saw dips due to loss estimates and lowered profit guidance, respectively.
Source: YAHOO