The major US indices are closing higher and in doing so, the S&P snapped a 5 day losing streak and the Nasdaq a 4-day slide.
The final numbers are showing:
- Dow Industrial Average +183.56 points or 0.55% at 33781.47
- S&P index +29.59 points or 0.75% at 3963.52
- NASDAQ index up 123.46 points or 1.13% at 11082.01
- Russell 2000 up 11.38 points or 0.63% at 1818.29
Some winners today included:
- Game Stop +11.32%
- Allibaba +6.62%
- Nvidia +6.51%
- Celsius +6.17%
- Intuit +4.3%
- snowflake +4.02%
- Papa John's +3.94%
- Block +3.85%
- Roblox +3.82%
on the downside
- United Airlines -2.86%
- Palo Alto networks -2.37%
- Worthington industries -1.85%
- First Solar -1.31%
- Alphabet -1.3%
- Biogen -1.04%
- Bank of America -0.92%
- Southwest Airlines -0.85%
After the close there are some key earnings including Lululemon, Costco, and Broadcom
Lululemon announced earnings with beats on the top and bottom line:
- earnings -per-share two dollars per share versus $1.96 expected
- revenues $1.86 billion versus $1.81 billion expected
- sees fiscal year EPS $9.87 – $9.97 versus expectations of $9.91
- fiscal year net revenue $7.94 – $7.99 billion versus 7.95 billion estimate
- Shares are down after the close as they guide down for 4Q. Gross margins are lighter than expected as well.
- Shares closed at $374.51 and is trading currently at $335.80
Docusign:
- Earnings-per-share $0.57 versus $0.42 estimated
- Revenues 646 million versus 627 million estimated
- Docusign shares are trading up $5.60 or 12.89% in after-hours trading
- shares closed that $43.75 and are trading at $49 in after-hours trading
Broadcom:
- earnings-per-share $10.45 versus $10.28 expected
- revenues $8.93 billion versus $8.90 billion estimate
- Broadcom close that $531.08 that are trading at $539.95 in after-hours trading
Costco:
- revenues $54.5 billion versus $54.64 billion estimate
- EPS $3.07 versus $3.11 estimate
- Costco closed that $481.42 and are trading down at $477.13 in after-hours trading
