Disney, PLTR, Datadog fall but S&P 500 Climbs | Moovers
Morning mooers, happy Tuesday. It is May 7th, the market is open, and equities are climbing.
It is a beautiful spring day in Jersey City, my name is Kevin Travers, and here are stories moving the market today:
MOOVERS
$FMC Corp (FMC.US)$ led the S&P 500, up 8% after the firm's morning earnings showed a GAAP loss $3 million and revenue down 32% year-over-year.
Shares of $Palantir (PLTR.US)$ fell 14% despite reporting first-quarter revenue that topped analyst expectations. The firm boosted its full-year revenue to $2.68B$2.69B, around the $2.68B expected, and sees Q3 Revenue $649M-$653M, lower than the $653.25M expected. The stock climbed 8% Monday ahead of an earnings
$Disney (DIS.US)$shares fell Tuesday, pulling down the Dow after the company reported revenue growth of 1% year-on-year to $22.08 billion, missing estimates of $22.11 billion. Adjusted EPS of $1.21 beat the consensus of $1.09.
$Datadog (DDOG.US)$ pulled down the Nasdaq 100 while dropping 10% after the departure of President Amit Agarwal, despite a concurrent Q1 report that beat projections and raised the firm's full-year outlook.
$Peloton Interactive(PTON.US$ soared 15% in early trade Tuesday, after a CNBC report that private-equity firms are eyeing a potential buyout.
SECTORS
Semiconductors pulled back Tuesday after climbing to start the week. The Entertainment sector was lower by 2%, pulled down by a nearly 5% drop in AMC. Bitcoin was lower on Tuesday.
Crude oil futures fell for the fifth session, while gold and silver climbed back this week, and it also fell on Tuesday.
RECAP
In the hour after open, the $S&P 500 Index (.SPX.US)$ climbed 0.25%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.29%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed about 0.14%.
MACRO
This week, investors can expect comments from Fed's Bowman and Kashkari, Michigan economic data like Consumer Sentiment and inflation expectations, and EIA supply numbers, but otherwise, nothing else.
Last week was busy: Wednesday, the Federal Open Market Committee left the target Federal Funds Rate unchanged at 5.25%-5.50%. Federal Reserve Chairman Jerome Powell said it's unlikely that policymakers will increase interest rates.
Monday, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell to 4.81, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell to 4.43.
Yesterday, user Shifter said they were better PLTR would post great earnigns. User Icsiong said they were shortselling US stocks like TSLA, because the election would lead to EV subsidy cuts, and because market concentration in the mag seven is to high.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
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HYGWE : May 7th..
Kevin TraversOP HYGWE: Lol