20 minutes ago
The May producer price index is due to be released on Thursday.
A new inflation reading is due to be released on Thursday.
Economists surveyed by Dow Jones expect the producer price index to have risen 0.1% in May, down from a 0.5% increase the previous month.
Sarah Min
23 minutes ago
Stock market sees biggest price movements in after-hours trading
The stocks with the biggest moves in extended trading were:
- Broadcom — Shares rose 13% after Broadcom reported better-than-expected second-quarter results and announced a 10-for-1 stock split. The chipmaker reported adjusted earnings of $10.96 per share on revenue of $12.49 billion. Analysts surveyed by LSEG had expected earnings of $10.84 per share on revenue of $12.03 billion.
- Dave & Buster’s Entertainment — Shares fell 9.5% after Dave & Buster’s posted weaker-than-expected quarterly earnings. The restaurant and entertainment business posted revenue of $588 million in the first quarter, below LSEG’s consensus estimate of $621 million.
- Oxford Industries — Shares fell 2.9% after the apparel company, which owns brands such as Tommy Bahama, reported first-quarter profit and revenue that fell short of expectations. Oxford Industries reported adjusted earnings of $2.66 per share on revenue of $398.2 million. Analysts surveyed by FactSet had expected profit of $2.68 per share on revenue of $404.8 million.
- Virgin Galactic — Shares of the space travel company Virgin Galactic plunged 16% after the company said its board of directors approved a 20-for-1 reverse stock split.
Sarah Min
31 minutes ago
S&P 500 futures open higher
S&P 500 futures opened higher Wednesday night.
S&P 500 futures and Nasdaq 100 futures rose 0.13% and 0.48%, respectively. Dow Jones Industrial Average futures fell 25 points, or 0.06%.
Sarah Min
