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Hurco Companies Uveils AI Advancements at 2024 IMTS
Express News | Hurco Companies: Extends Share Repurchase Program Term by Additional Two Years, Through Nov 10, 2026
Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
HURC Stock Up Despite Y/Y Decline in Q3 Earnings, Gross Margin Down
Hurco Companies Third Quarter 2024 Earnings: US$1.47 Loss per Share (Vs US$0.04 Profit in 3Q 2023)
Hurco | 10-Q: Q3 2024 Earnings Report
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