- Scott Peters
- 14 Feb, 2025
- New York City
Sony Corp. surged 3.06% to $23.90 after the electronics and media company reported steady revenue and profit growth for the third quarter ending in December.
Total sales increased to ¥4.41 trillion from ¥3.75 trillion, net income rose to ¥373.74 billion from ¥363.92 billion, and earnings per diluted share climbed to ¥61.82 from ¥58.96 a year ago.
The company estimated full-year sales of ¥13.2 trillion ($87.6 billion) on the back of strong performance in its gaming and music business in the third quarter, and compared to ¥13.02 trillion a year ago.
Sony also raised its outlook for annual operating profit to ¥1.34 trillion ($8.8 billion), a 2% increase from the previous financial year.
Applied Materials Inc. dropped 5% to $175 after the software applications provider reported a 7% revenue growth in the first quarter ended January 26, but profit declined.
Revenue jumped 7% to $7.17 billion from $6.71 billion, net income declined 41% to $1.18 billion from $2.02 billion, and earnings per diluted share dropped 40% to $.145 from $2.41 a year ago.
For the second quarter, the company estimated revenue of $7.10 billion, compared to $6.65 billion a year ago, and non-GAAP diluted earnings per share of $2.30, compared to $2.09 a year earlier.
Non-GAAP gross margin is estimated at 48.4% in the second quarter, compared to 47.5% in the same quarter last year.
Moody's Corp. surged 4.4% to $527.48 after the financial services and credit ratings company reported strong revenue and earnings growth in the fourth quarter ending in December.
Revenue increased to $1.67 billion from $1.48 billion, net income jumped to $395 million from $340 million, and earnings per diluted share rose to $2.17 from $1.85 a year ago.
For fiscal 2025, the company estimated earnings per diluted share between $12.75 and $13.25, compared to $11.26 a year ago.
Palo Alto Networks Inc. dropped 5.1% to $191.59 after the cyber security company reported declining profit in the second quarter of 2025 ending in January.
Revenue jumped 14% to $2.26 billion from $1.97 billion, net income plunged to $267.3 million from $1.75 billion, and earnings per diluted share fell to 38 cents from $2.44 a year ago.
For the third quarter of 2025, the company estimated revenue between $2.26 billion and $2.29 billion, up 14%-15% from $2.0 billion a year ago, and non-GAAP earnings per diluted share between 76 cents and 77 cents, compared to $1.32 a year ago.
For fiscal 2025, the company expects revenue between $9.14 billion and $9.19 billion, up 14% from $8.03 billion a year ago, and non-GAAP earnings per diluted share between $3.18 and $3.24, compared to $5.67 a year earlier.
DexCom Inc. gained 0.9% to $84.89 after the provider of monitoring systems for diabetes management reported an 8% revenue growth in the fourth quarter ending in December.
Revenue increased to $1.11 billion from $1.03 billion, net income fell to $151.7 million from $256.3 million, and earnings per diluted share dropped to 38 cents from 62 cents a year ago.
For fiscal 2025, the company estimated revenue of $4.60 billion, up 14% from $4.03 billion a year ago.
Hyatt Hotels Corp. gained 0.4% to $148.0 despite the international hotels operator reporting losses in the fourth quarter ending in December.
Revenue dropped to $1.60 billion from $1.66 billion, net income swung to a loss of $56 million from a profit of $26 million, and loss per diluted share was 58 cents, compared to a profit of 25 cents a year ago.
For fiscal 2025, the company estimated net income between $190 million and $240 million, compared to $1.30 billion a year ago, and net rooms growth between 6% and 7%, compared to 7.8% a year earlier.
Airbnb Inc. jumped 14% to $161.01, and the online vacation rental company reported sharply higher revenue and earnings in the fourth quarter.
Revenue increased to $2.48 billion from $2.22 billion, net income swung to a profit of $461 million from a net loss of $349 million, and earnings per share rose to 73 cents from a loss of 55 cents a year ago.
The company repurchased $838 million of class A common stock in the quarter, and a total of $3.4 billion worth of shares during the full year 2024.
Full-year revenue jumped to $11.10 billion from $9.92 billion, net income dropped to $2.65 billion from $4.79 billion, and earnings per diluted share declined to $4.11 from $7.24 a year ago.
For the first quarter of 2025, the company estimated revenue between $2.23 billion and $2.27 billion, below some analysts’ expectations, and compared to $2.14 billion a year ago.
- Scott Peters
- 14 Feb, 2025
- New York City
Sony Corp. surged 3.06% to $23.90 after the electronics and media company reported steady revenue and profit growth for the third quarter ending in December.
Total sales increased to ¥4.41 billion from ¥3.75 billion, net income rose to ¥373.74 million from ¥363.92 million, and earnings per diluted share climbed to ¥61.82 from ¥58.96 a year ago.
The company estimated full-year sales of ¥13.2 trillion ($87.6 billion) on the back of strong performance in its gaming and music business in the third quarter, and compared to ¥13.02 trillion a year ago.
Sony also raised its outlook for annual operating profit to ¥1.34 trillion ($87.6 billion), a 2% increase from the previous financial year.
Applied Materials Inc. dropped 5% to $175 after the software applications provider reported a 7% revenue growth in the first quarter ended January 26, but profit declined.
Revenue jumped 7% to $7.17 billion from $6.71 billion, net income declined 41% to $1.18 billion from $2.02 billion, and earnings per diluted share dropped 40% to $.145 from $2.41 a year ago.
For the second quarter, the company estimated revenue of $7.10 billion, compared to $6.65 billion a year ago, and non-GAAP diluted earnings per share of $2.30, compared to $2.09 a year earlier.
Non-GAAP gross margin is estimated at 48.4% in the second quarter, compared to 47.5% in the same quarter last year.
Moody's Corp. surged 4.4% to $527.48 after the financial services and credit ratings company reported strong revenue and earnings growth in the fourth quarter ending in December.
Revenue increased to $1.67 billion from $1.48 billion, net income jumped to $395 million from $340 million, and earnings per diluted share rose to $2.17 from $1.85 a year ago.
For fiscal 2025, the company estimated earnings per diluted share between $12.75 and $13.25, compared to $11.26 a year ago.
Palo Alto Networks Inc. dropped 5.1% to $191.59 after the cyber security company reported declining profit in the second quarter of 2025 ending in January.
Revenue jumped 14% to $2.26 billion from $1.97 billion, net income plunged to $267.3 million from $1.75 billion, and earnings per diluted share fell to 38 cents from $2.44 a year ago.
For the third quarter of 2025, the company estimated revenue between $2.26 billion and $2.29 billion, up 14%-15% from $2.0 billion a year ago, and non-GAAP earnings per diluted share between 76 cents and 77 cents, compared to $1.32 a year ago.
For fiscal 2025, the company expects revenue between $9.14 billion and $9.19 billion, up 14% from $8.03 billion a year ago, and non-GAAP earnings per diluted share between $3.18 and $3.24, compared to $5.67 a year earlier.
DexCom Inc. gained 0.9% to $84.89 after the provider of monitoring systems for diabetes management reported an 8% revenue growth in the fourth quarter ending in December.
Revenue increased to $1.11 billion from $1.03 billion, net income fell to $151.7 million from $256.3 million, and earnings per diluted share dropped to 38 cents from 62 cents a year ago.
For fiscal 2025, the company estimated revenue of $4.60 billion, up 14% from $4.03 billion a year ago.
Hyatt Hotels Corp. gained 0.4% to $148.0 despite the international hotels operator reporting losses in the fourth quarter ending in December.
Revenue dropped to $1.60 billion from $1.66 billion, net income swung to a loss of $56 million from a profit of $26 million, and loss per diluted share was 58 cents, compared to a profit of 25 cents a year ago.
For fiscal 2025, the company estimated net income between $190 million and $240 million, compared to $1.30 billion a year ago, and net rooms growth between 6% and 7%, compared to 7.8% a year earlier.
- Inga Muller
- 14 Feb, 2025
- Frankfurt
European markets struggled in Friday's trading, but they are set to extend weekly gains by 2%.
Germany's wholesale price inflation accelerated in January.
Luxury stocks in Paris and Milan led the gainers after Hermes International reported an increase in profit in 2024.
The DAX index decreased by 0.1% to 22,579.95, the CAC-40 index edged higher 0.4% to 8,200.30, and the FTSE 100 index declined by 0.2% to 8,746.41.
For the week, the DAX index advanced 3%, the CAC 40 gained 2.5%, and the FTSE 100 index increased 0.6%.
The yield on 10-year German bonds inched higher to 2.43%, French bonds increased to 3.12%, the UK gilts moved up to 4.51%, and Italian bonds edged higher to 3.51%.
Moncler SpA surged 8.8% to €67.92 after the Italian luxury fashion retailer reported steady revenue growth in fiscal 2024 ending in December.
Revenue increased to €3.11 billion from €2.98 billion, gross profit climbed to €2.43 billion from €2.30 billion, and net income jumped to €639.6 million from €611.93 million a year ago.
In the fourth quarter, the group revenues increased 8% to €1.24 billion from €1.18 billion a year ago, and the Moncler and Stone Island brands recorded sales of €1.13 billion and €109.2 million, respectively.
Moncler reported growth in all three geographic locations, including Asia, Europe, Middle East and Africa, and the Americas.
The Board of Directors also approved the proposal of a dividend distribution of €1.30 per share.
Hermes International advanced 0.6% to €2,832.0 after the luxury goods maker reported profit in 2024 rose from the previous year.
Revenue increased to €15.17 billion from €13.43 billion, net income climbed to €4.60 billion from €4.31 billion, and earnings per diluted share rose to €43.87 from €41.12 a year ago.
The company reported growth in all segments and across all geographical regions, except for the watches business, which was down 4%.
Hermes will pay an interim dividend of €3.50 per share on February 19.
The company plans to propose additional dividend of €16.0 per share, after deducting €3.50 per share, as well as an exceptional dividend of €10.0 per share during the annual general meeting on April 30.
Safran SA advanced 0.1% to €245.90 after the jet engine maker revised higher its profit and cash estimate for 2025.
Revenue in fiscal 2024 increased 18% to €27.32 billion from €23.20 billion, profit surged 51% to €3.07 billion from €2.03 billion, and earnings per diluted share rose 55% to €7.29 from €4.70 a year ago.
The company plans to propose a dividend of €2.90 per share for 2024, compared to €2.20 a year ago, during the annual shareholder meeting on May 22.
Safran purchased €1.3 billion worth of its own shares in several tranches totaling 6.5 million shares during 2024.
As of December 31, the company’s share capital comprised 423,632,587 shares of which 6,857,467 treasury shares or about 1.6% of total shareholder capital.
NatWest Group PLC decreased 3.2% to 423.18 pence despite the financial services company reporting solid financial performance and higher earnings in 2024.
SEGRO plc increased 0.8% to 727.60 pence despite the UK-based warehousing company reporting a double-digit increase in profit in 2024.
Eutelsat Communications SA dropped 15% to €1.45, and the French satellite company reported a wider loss in the fiscal first half.
- Inga Muller
- 14 Feb, 2025
- Frankfurt
European markets struggled in Friday's trading, but they are set to extend weekly gains by 2%.
Germany's wholesale price inflation accelerated in January.
Luxury stocks in Paris and Milan led the gainers after Hermes International reported an increase in profit in 2024.
The DAX index decreased by 0.1% to 22,579.95, the CAC-40 index edged higher 0.4% to 8,200.30, and the FTSE 100 index declined by 0.2% to 8,746.41.
For the week, the DAX index advanced 3%, the CAC 40 gained 2.5%, and the FTSE 100 index increased 0.6%.
The yield on 10-year German bonds inched higher to 2.43%, French bonds increased to 3.12%, the UK gilts moved up to 4.51%, and Italian bonds edged higher to 3.51%.
Mocler SpA surged 8.8% to €67.92 after the Italian luxury fashion retailer reported steady revenue growth in fiscal 2024 ending in December.
Revenue increased to €3.11 billion from €2.98 billion, gross profit climbed to €2.43 billion from €2.30 billion, and net income jumped to €639.6 million from €611.93 million a year ago.
In the fourth quarter, the group revenues increased 8% to €1.24 billion from €1.18 billion a year ago, and the Moncler and Stone Island brands recorded sales of €1.13 billion and €109.2 million, respectively.
Moncler reported growth in all three geographic locations, including Asia, Europe, Middle East and Africa, and the Americas.
The Board of Directors also approved the proposal of a dividend distribution of €1.30 per share.
Hermes International advanced 0.6% to €2,832.0 after the luxury goods maker reported profit in 2024 rose from the previous year.
Safran SA advanced 0.1% to €245.90 after the jet engine maker revised higher its profit and cash estimate for 2025.
NatWest Group PLC decreased 3.2% to 423.18 pence despite the financial services company reporting solid financial performance and higher earnings in 2024.
SEGRO plc increased 0.8% to 727.60 pence despite the UK-based warehousing company reporting a double-digit increase in profit in 2024.
Eutelsat Communications SA dropped 15% to €1.45, and the French satellite company reported a wider loss in the fiscal first half.
- Bridgette Randall
- 14 Feb, 2025
- Frankfurt
European markets traded near record highs, and they are likely to extend gains for the eighth consecutive week.
Benchmark indexes in Frankfurt and London traded near record highs, and indexes in Milan and Paris edged higher after positive results from Hermes International.
Investors have remained positive despite a string of weak macroeconomic data amid positive earnings from leading corporations over the last three weeks.
Moreover, market sentiment was boosted by the European Central Bank's first rate cut in 2025, lifting hopes that the central bank will follow through with additional rate cuts totaling at least 100 basis points.
Investors have largely overlooked the tariff tantrum coming from the White House in Washington, D.C., as most corporations are resolved to rely on alternative supply chains or pass on higher prices to the U.S. customers.
Trump's tariffs are most likely to fail in forcing the European companies to shift more production to the U.S. or help domestic companies, because most European products have few U.S. competitors.
On the economic front, Germany's wholesale prices rose at an annual pace of 0.9%, accelerating from 0.1% in the previous month, the Federal Statistics Office, or Destatis, reported Friday.
Wholesale prices rose for the second month in a row and advanced at the fastest pace since April 2023, confirming that manufacturers are increasingly passing on higher costs driven by the resurgent energy prices to consumers.
Europe Indexes and Yields
The DAX index decreased by 0.1% to 22,579.95, the CAC-40 index edged higher 0.4% to 8,200.30, and the FTSE 100 index declined by 0.2% to 8,746.41.
For the week, the DAX index advanced 3%, the CAC 40 gained 2.5%, and the FTSE 100 index increased 0.6%.
The yield on 10-year German bonds inched higher to 2.43%, French bonds increased to 3.12%, the UK gilts moved up to 4.51%, and Italian bonds edged higher to 3.51%.
The euro increased to $1.05; the British pound was higher at $1.26; and the U.S. dollar was lower and traded at 91.14 Swiss cents.
Brent crude decreased $0.38 to $75.40 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
Hermes International advanced 0.6% to €2,832.0 after the luxury goods maker reported profit in 2024 rose from the previous year.
Safran SA advanced 0.1% to €245.90 after the jet engine maker revised higher its profit and cash estimate for 2025.
NatWest Group PLC decreased 3.2% to 423.18 pence despite the financial services company reporting solid financial performance and higher earnings in 2024.
SEGRO plc increased 0.8% to 727.60 pence despite the UK-based warehousing company reporting a double-digit increase in profit in 2024.
Eutelsat Communications SA dropped 15% to €1.45, and the French satellite company reported a wider loss in the fiscal first half.
- Bridgette Randall
- 14 Feb, 2025
- Frankfurt
European markets traded near record highs, and they are likely to extend gains for the eighth consecutive week.
Benchmark indexes in Frankfurt and London traded near record highs, and indexes in Milan and Paris edged higher after positive results from Hermes International.
Investors have remained positive despite a string of weak macroeconomic data amid positive earnings from leading corporations over the last three weeks.
Moreover, market sentiment was boosted by the European Central Bank's first rate cut in 2025, lifting hopes that the central bank will follow through with additional rate cuts totaling at least 100 basis points.
Investors have largely overlooked the tariff tantrum coming from the White House in Washington, D.C., as most corporations are resolved to rely on alternative supply chains or pass on higher prices to the U.S. customers.
Trump's tariffs are most likely to fail in forcing the European companies to shift more production to the U.S. or help domestic companies, because most European products have few U.S. competitors.
On the economic front, Germany's wholesale prices rose at an annual pace of 0.9%, accelerating from 0.1% in the previous month, the Federal Statistics Office, or Destatis, reported Friday.
Wholesale prices rose for the second month in a row and advanced at the fastest pace since April 2023, confirming that manufacturers are increasingly passing on higher costs driven by the resurgent energy prices to consumers.
Europe Indexes and Yields
The DAX index decreased by 0.1% to 22,579.95, the CAC-40 index edged higher 0.4% to 8,200.30, and the FTSE 100 index declined by 0.2% to 8,746.41.
For the week, the DAX index advanced 3%, the CAC 40 gained 2.5%, and the FTSE 100 index increased 0.6%.
The yield on 10-year German bonds inched higher to 2.43%, French bonds increased to 3.12%, the UK gilts moved up to 4.51%, and Italian bonds edged higher to 3.51%.
The euro increased to $1.05; the British pound was higher at $1.26; and the U.S. dollar was lower and traded at 91.14 Swiss cents.
Brent crude decreased $0.38 to $75.40 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
Hermes International advanced 0.6% to €2,832.0 after the luxury goods maker reported profit in 2024 rose from the previous year.
Safran SA advanced 0.1% to €245.90 after the jet engine maker revised higher its profit and cash estimate for 2025.
NatWest Group PLC decreased 3.2% to 423.18 pence despite the financial services company reporting solid financial performance and higher earnings in 2024.
SEGRO plc increased 0.8% to 727.60 pence despite the UK-based warehousing company reporting a double-digit increase in profit in 2024.
Eutelsat Communications SA dropped 15% to €1.45, and the French satellite company reported a wider loss in the fiscal first half.
- Akira Ito
- 14 Feb, 2025
- Tokyo
Stock market indexes in Tokyo halted a three-day rally, and the yen rebounded in Friday's trading.
The Nikkei 225 stock average declined 0.8%, and the TOPIX decreased 0.2%, but the benchmark indexes extended the weekly advance to 1%.
The Japanese yen recovered to 152.45 against the U.S. dollar on speculation that the Bank of Japan will continue its interest rate hike campaign at the next meeting.
Two hotter-than-expected inflation reports confirmed that inflation is well anchored in the U.S., and the Federal Reserve is less likely to lower rates in the near future.
Producer price inflation in January advanced at an annual pace of 3.5%, and consumer price inflation accelerated to 3.0% from 2.9% in December.
Both measures of inflation were ahead of market expectations, setting the stage for the U.S. policymakers to wait a little longer before considering lowering rates.
Japan Indexes
The Nikkei 225 Stock Average decreased 0.8% to 39,149.43, and the broader index, TOPIX, eased 0.2% to 2,759.21.
Japan Stocks
Resonac Holdings decreased 5% to ¥3,681.0 after the specialty chemical company reported results for 2024.
Consolidated revenue in 2024 increased to 1.38 billion yen from 1.28 billion yen, net income swung to a profit of 55.4 billion yen from a loss of 19 billion yen, and basic earnings per share were a profit of 306.6 yen compared to a loss of 104.65 yen a year ago.
Toppan Holdings soared 15.5% to ¥4,703.0 after the printing company retained its annual sales outlook.
Net sales increased 4.1% to 432.5 billion yen, and net income advanced 1.8% to 40.4 billion yen.
The company reiterated its full-year revenue estimate of 1.72 trillion yen, net income of 80 billion yen compared to the previous estimate of 70 billion yen, and dividend per share of 48 yen.
Honda Motor advanced 2.5% to ¥1,469.50, and Nissan Motor gained 2.5% to ¥425.70 after the two companies ended their merger talks but agreed to look for ways to cooperate on projects of common interest.
The much ballyhooed merger talks were driven by the government pressure after two companies struggled amid rising competition from Chinese electric vehicle makers.
Sony Group soared 8.6% to ¥3,705.0 after the technology and financial services company reported better-than-expected results, and the company raised its full-year sales forecast.
Profit in the fiscal third quarter ending in December soared 37%, driven by the strength in its gaming unit and PlayStation 5 sales increased to 9.4 million units.
In a wider trading, Mitsubishi Materials, Japan Steel Works, and Japan Tobacco fell around 3%.
Tokyo Gas, Trend Micro, and Taiheiyo Cement advanced between 2% and 4%.
- Akira Ito
- 14 Feb, 2025
- Tokyo
Stock market indexes in Tokyo halted a three-day rally, and the yen rebounded in Friday's trading.
The Nikkei 225 stock average declined 0.8%, and the TOPIX decreased 0.2%, but the benchmark indexes extended the weekly advance to 1%.
The Japanese yen recovered to 152.45 against the U.S. dollar on speculation that the Bank of Japan will continue its interest rate hike campaign at the next meeting.
Two hotter-than-expected inflation reports confirmed that inflation is well anchored in the U.S., and the Federal Reserve is less likely to lower rates in the near future.
Producer price inflation in January advanced at an annual pace of 3.5%, and consumer price inflation accelerated to 3.0% from 2.9% in December.
Both measures of inflation were ahead of market expectations, setting the stage for the U.S. policymakers to wait a little longer before considering lowering rates.
Japan Indexes
The Nikkei 225 Stock Average decreased 0.8% to 39,149.43, and the broader index, TOPIX, eased 0.2% to 2,759.21.
Japan Stocks
Resonac Holdings decreased 5% to ¥3,681.0 after the specialty chemical company reported results for 2024.
Consolidated revenue in 2024 increased to 1.38 billion yen from 1.28 billion yen, net income swung to a profit of 55.4 billion yen from a loss of 19 billion yen, and basic earnings per share were a profit of 306.6 yen compared to a loss of 104.65 yen a year ago.
Toppan Holdings soared 15.5% to ¥4,703.0 after the printing company retained its annual sales outlook.
Net sales increased 4.1% to 432.5 billion yen, and net income advanced 1.8% to 40.4 billion yen.
The company reiterated its full-year revenue estimate of 1.72 trillion yen, net income of 80 billion yen compared to the previous estimate of 70 billion yen, and dividend per share of 48 yen.
Honda Motor advanced 2.5% to ¥1,469.50, and Nissan Motor gained 2.5% to ¥425.70 after the two companies ended their merger talks but agreed to look for ways to cooperate on projects of common interest.
The much ballyhooed merger talks were driven by the government pressure after two companies struggled amid rising competition from Chinese electric vehicle makers.
Sony Group soared 8.6% to ¥3,705.0 after the technology and financial services company reported better-than-expected results, and the company raised its full-year sales forecast.
Profit in the fiscal third quarter ending in December soared 37%, driven by the strength in its gaming unit and PlayStation 5 sales increased to 9.4 million units.
In a wider trading, Mitsubishi Materials, Japan Steel Works, and Japan Tobacco fell around 3%.
Tokyo Gas, Trend Micro, and Taiheiyo Cement advanced between 2% and 4%.
- Li Chen
- 14 Feb, 2025
- Hong Kong
Stock market indexes in China and Hong Kong extended weekly gains amid artificial intelligence euphoria.
The Hang Seng index soared more than 2% and extended the weekly rise to above 5%, and the benchmark index rallied for the fifth week in a row.
The Mainland China-focused CSI 300 index advanced 0.7% and extended the weekly gain to 1% amid a cautiously positive outlook for fiscal stimulus.
The Hang Seng Tech Index, which tracks leading semiconductor and Internet-based service providers, jumped to a new high since October, amid optimism that the affordable artificial intelligence technology-based tools and products may kick off another cycle of earnings growth.
Investors continued to bid up stocks of Baidu Inc, Alibaba Group, Tencent Holdings, JD.com, and SMIC.
Investors overlooked the growing possibilities of Hong Kong interest rates staying higher for longer, after two hotter-than-expected inflation reports confirmed that the U.S. Federal Reserve is likely to hold rates in the near future.
China Indexes and Stocks
The Hang Seng index jumped 2.5% to 22,362.88 and the mainland-focused CSI 300 index added 0.7% to 3,930.73.
Alibaba Group Holding gained 3.2% to HK $120.50, Baidu Inc advanced 1% to HK $94.90, Tencent Holdings gained 5.5% to HK $466.40, and JD.com gained 4.4% to HK $158.10.
Semiconductor Manufacturing International decreased 4.4% to HK $44.15, and the Chinese government controlled foundry traded at a new record high amid optimism about the demand surge in artificial intelligence-linked chips.
- Li Chen
- 14 Feb, 2025
- Hong Kong
Stock market indexes in China and Hong Kong extended weekly gains amid artificial intelligence euphoria.
The Hang Seng index soared more than 2% and extended the weekly rise to above 5%, and the benchmark index rallied for the fifth week in a row.
The Mainland China-focused CSI 300 index advanced 0.7% and extended the weekly gain to 1% amid a cautiously positive outlook for fiscal stimulus.
The Hang Seng Tech Index, which tracks leading semiconductor and Internet-based service providers, jumped to a new high since October, amid optimism that the affordable artificial intelligence technology-based tools and products may kick off another cycle of earnings growth.
Investors continued to bid up stocks of Baidu Inc, Alibaba Group, Tencent Holdings, JD.com, and SMIC.
Investors overlooked the growing possibilities of Hong Kong interest rates staying higher for longer, after two hotter-than-expected inflation reports confirmed that the U.S. Federal Reserve is likely to hold rates in the near future.
China Indexes and Stocks
The Hang Seng index jumped 2.5% to 22,362.88 and the mainland-focused CSI 300 index added 0.7% to 3,930.73.
Alibaba Group Holding gained 3.2% to HK $120.50, Baidu Inc advanced 1% to HK $94.90, Tencent Holdings gained 5.5% to HK $466.40, and JD.com gained 4.4% to HK $158.10.
Semiconductor Manufacturing International decreased 4.4% to HK $44.15, and the Chinese government controlled foundry traded at a new record high amid optimism about the demand surge in artificial intelligence-linked chips.
- Arun Goswami
- 14 Feb, 2025
- Mumbai
The Sensex and Nifty indexes extended weekly losses to over 2% amid persistent outflow of foreign funds and weak earnings growth outlook.
The Sensex index fell by 0.3% to 75,935.79, and the Nifty index decreased by 0.2% to 22,950.55.
On the Mumbai stock exchange, 31 stocks traded at their 52-week highs, and 243 stocks traded at their 52-week lows.
Hindalco Industries Ltd. advanced 0.3% to ₹604 after the copper producer reported an 11% rise in revenue in the December quarter.
Consolidated revenue increased to ₹58,899 crore from ₹53,088 crore, net income advanced to ₹3,735 crore from ₹2,331 crore, and diluted earnings per share rose to ₹16.82 from ₹10.50 a year ago.
Godfrey Phillips India Ltd. increased 13% to ₹5,617.90 after the flagship company of Modi Enterprises reported a 47% jump in its earnings in the December quarter.
Consolidated revenue increased to ₹1,942.8 crore from ₹1,544.7 crore, after-tax profit rose to ₹315.8 crore from ₹212.4 crore, and diluted earnings per share jumped to ₹60.95 from ₹40.85 a year ago.
Manappuram Finance Ltd. fell 6% to ₹182.70, and the non-banking financial company reported a sharp decline in net income in the December quarter.
Consolidated revenue increased to ₹2,559.7 crore from ₹2,305.2 crore, net income fell to ₹278.5 crore from ₹575.3 crore, and diluted earnings per share decreased to ₹3.29 from ₹6.79 a year ago.
Lux Industries Ltd. declined 3% to ₹1,432, despite the innerwear products maker reporting a 55% surge in profit in the December quarter.
Consolidated revenue advanced to ₹557.30 crore from ₹454.46 crore, after-tax profit jumped to ₹32.6 crore from ₹21 crore, and diluted earnings per share rose to ₹10.85 from ₹6.97 a year ago.
MMTC Limited plunged 4% to ₹59.15 after the commodities trading company controlled by the central government reported a sharp decline in quarterly revenue and earnings.
Consolidated revenue decreased to ₹35.3 crore from ₹63.3 crore, after-tax profit fell to ₹3.6 crore from ₹5.7 crore, and diluted earnings per share dropped to 2 paisa from 37 paisa a year ago.
SJVN Ltd. decreased 1% to ₹91.73, and the hydroelectric power supplier reported a rise in revenue and net income in the December quarter.
Consolidated revenue increased to ₹760.8 crore from ₹607.7 crore, after-tax profit rose to ₹148.7 crore from ₹139 crore, and diluted earnings per share advanced to 39 paisa from 33 paisa a year ago.
The company's board declared an interim dividend of ₹1.15 per share, payable on March 6 or after.
United Breweries Limited rose 4% to ₹2,105.15 after the alcoholic beverage maker reported a slight increase in revenue and a 55% decline in profit in the December quarter.
Consolidated revenue increased to ₹4,436.7 crore from ₹4,179.8 crore, net income fell to ₹38.5 crore from ₹85.8 crore, and diluted earnings per share declined to ₹1.45 from ₹3.23 a year ago.
Ipca Laboratories Ltd. fell 3% to ₹1,452.10, despite the pharmaceutical company reporting a rise in revenue and earnings in the December quarter.
Consolidated revenue increased to ₹2,265.5 crore from ₹2,075.3 crore, after-tax profit advanced to ₹277.3 crore from ₹222.6 crore, and diluted earnings per share rose to ₹9.78 from ₹7.09 a year ago.
- Arun Goswami
- 14 Feb, 2025
- Mumbai
The Sensex and Nifty indexes extended weekly losses to over 2% amid persistent outflow of foreign funds and weak earnings growth outlook.
The Sensex index fell by 0.3% to 75,935.79, and the Nifty index decreased by 0.2% to 22,950.55.
On the Mumbai stock exchange, 31 stocks traded at their 52-week highs, and 243 stocks traded at their 52-week lows.
Hindalco Industries Ltd. advanced 0.3% to ₹604 after the copper producer reported an 11% rise in revenue in the December quarter.
Consolidated revenue increased to ₹58,899 crore from ₹53,088 crore, net income advanced to ₹3,735 crore from ₹2,331 crore, and diluted earnings per share rose to ₹16.82 from ₹10.50 a year ago.
Godfrey Phillips India Ltd. increased 13% to ₹5,617.90 after the flagship company of Modi Enterprises reported a 47% jump in its earnings in the December quarter.
Consolidated revenue increased to ₹1,942.8 crore from ₹1,544.7 crore, after-tax profit rose to ₹315.8 crore from ₹212.4 crore, and diluted earnings per share jumped to ₹60.95 from ₹40.85 a year ago.
Manappuram Finance Ltd. fell 6% to ₹182.70, and the non-banking financial company reported a sharp decline in net income in the December quarter.
Consolidated revenue increased to ₹2,559.7 crore from ₹2,305.2 crore, net income fell to ₹278.5 crore from ₹575.3 crore, and diluted earnings per share decreased to ₹3.29 from ₹6.79 a year ago.
Lux Industries Ltd. declined 3% to ₹1,432, despite the innerwear products maker reporting a 55% surge in profit in the December quarter.
Consolidated revenue advanced to ₹557.30 crore from ₹454.46 crore, after-tax profit jumped to ₹32.6 crore from ₹21 crore, and diluted earnings per share rose to ₹10.85 from ₹6.97 a year ago.
MMTC Limited plunged 4% to ₹59.15 after the commodities trading company controlled by the central government reported a sharp decline in quarterly revenue and earnings.
Consolidated revenue decreased to ₹35.3 crore from ₹63.3 crore, after-tax profit fell to ₹3.6 crore from ₹5.7 crore, and diluted earnings per share dropped to 2 paisa from 37 paisa a year ago.
SJVN Ltd. decreased 1% to ₹91.73, and the hydroelectric power supplier reported a rise in revenue and net income in the December quarter.
Consolidated revenue increased to ₹760.8 crore from ₹607.7 crore, after-tax profit rose to ₹148.7 crore from ₹139 crore, and diluted earnings per share advanced to 39 paisa from 33 paisa a year ago.
The company's board declared an interim dividend of ₹1.15 per share, payable on March 6 or after.
United Breweries Limited rose 4% to ₹2,105.15 after the alcoholic beverage maker reported a slight increase in revenue and a 55% decline in profit in the December quarter.
Consolidated revenue increased to ₹4,436.7 crore from ₹4,179.8 crore, net income fell to ₹38.5 crore from ₹85.8 crore, and diluted earnings per share declined to ₹1.45 from ₹3.23 a year ago.
Ipca Laboratories Ltd. fell 3% to ₹1,452.10, despite the pharmaceutical company reporting a rise in revenue and earnings in the December quarter.
Consolidated revenue increased to ₹2,265.5 crore from ₹2,075.3 crore, after-tax profit advanced to ₹277.3 crore from ₹222.6 crore, and diluted earnings per share rose to ₹9.78 from ₹7.09 a year ago.
- Alexander Garcia
- 13 Feb, 2025
- Miami
Benchmark indexes in New York edged higher as investors looked beyond two hotter-than-expected inflation reports released in as many days.
Positive earnings from leading companies have supported market enthusiasm, despite rising trade tensions and growing realization that the Fed is likely to delay rate cuts amid gathering inflationary forces.
The S&P 500 index gained 0.5%, and the Nasdaq Composite advanced 0.9%, and the yield on 10-year Treasury notes remained elevated.
Producer price inflation in January slowed from December, but the level was still ahead of market estimates.
Producer inflation slowed to 0.4% in January from the upwardly revised 0.5% in December, the U.S. Bureau of Labor Statistics reported Thursday.
On an annual basis, producer price inflation was unchanged at 3.5%, matching the upwardly revised rate in December.
Core inflation, which excludes food and energy inflation, advanced 0.3% from the previous month and gained 3.6% from a year ago.
Thursday's producer price inflation report follows Wednesday's hotter-than-expected consumer price inflation report, confirming that the Federal Reserve is not likely to lower interest rates anytime soon.
Moreover, inflation is likely to remain elevated as the Trump administration doubles down on imposing more import taxes, or tariffs, on shipments from key trading partners in Europe, Asia, and North America.
U.S. Indexes and Treasury Yields
The S&P 500 index increased 0.1% to 6,059.56, the Nasdaq Composite edged up 0.3% to 19,710.78, and the Russell 2000 index was up 0.5% to 2,267.31.
The yield on 2-year Treasury notes edged lower to 4.36%, 10-year Treasury notes decreased to 4.56%, and 30-year Treasury bonds declined to 4.81%.
WTI crude oil decreased $0.71 to $70.65 a barrel, and natural gas prices edged higher by $0.13 to $3.69 a thermal unit.
Gold increased by $4.62 to $2,910.52 an ounce, and silver edged down by $0.24 to $32.03.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased 0.19 to 107.78 and traded at a two-year high.
U.S. Stock Movers
Dutch Bros Inc. soared 31% to $85.10 after the coffee chain operator reported better-than-expected quarterly results, and the company's full-year outlook was ahead of expectations.
The Trade Desk plunged 32% to $83.60 after the digital advertising company estimated weaker-than-expected results in the current quarter.
Reddit, Inc. declined 7.8% to $199.87 after the social media platform operator reported weaker-than-expected quarterly results.
MGM Resorts soared 13.5% to $39.0 after the casino company reported a 1% decline in consolidated revenue in the fourth quarter, but results were ahead of market expectations.
European Markets Advanced, UK Q4 GDP Expanded, Eurozone Industrial Output Shrank
Stock market indexes in Europe advanced, and investors reviewed the latest economic updates in the region.
Benchmark indexes in Frankfurt traded at a new high, but market indexes in London fell after the release of GDP figures.
Germany's consumer price inflation in January eased to an annual pace of 2.3% from an eleven-month high of 2.6% in December, according to the second estimate released by the Federal Statistical Office, or Destatis.
Eurozone industrial output fell at an annual pace of 2.0% in December, following a revised 1.8% contraction in the previous month, Eurostat said in an update on Thursday.
The UK economy unexpectedly expanded in the fourth quarter, driven by increases in activities in construction and services, the Office for National Statistics said Thursday.
Gross domestic product increased 0.1% from the third quarter, when the economy was flat.
On an annual basis, the UK economy expanded at a pace of 1.4%, compared to a 1.0% increase in the third quarter.
Europe Indexes and Yields
The DAX index increased by 0.8% to 22,317.80, the CAC-40 index edged higher 0.6% to 8,094.08, and the FTSE 100 index declined by 0.8% to 8,738.17.
The yield on 10-year German bonds inched lower to 2.47%, French bonds decreased to 3.17%, the UK gilts moved up to 4.54%, and Italian bonds edged lower to 3.53%.
The euro increased to $1.04; the British pound was higher at $1.25; and the U.S. dollar was lower and traded at 91.81 Swiss cents.
Brent crude decreased $0.50 to $74.69 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
Orange SA increased 2.7% to €11.04 after the French telecom carrier met targets it set for 2024.
Delivery Hero SE jumped 8.3% to €28.43 after the German food delivery company's revenue increase in the fourth quarter surpassed market expectations.
British American Tobacco declined 7.2% to 3,151.47 pence after the tobacco company reported mixed results.
Barclays PLC decreased 5.4% to 291.10 pence, despite the British bank posting higher profit in the fiscal year 2024 and launching a £1 billion stock buyback.
Japan Indexes Extended Market Rally to Second Session
Stock market indexes in Tokyo advanced for the second session in a row, and the weaker yen boosted the outlook for earnings growth.
The Nikkei 225 stock average jumped more than 1.3%, and the TOPIX advanced 1.2% after investors reviewed the latest batch of positive earnings.
Market sentiment was boosted after the yen dropped below 154.55 against the dollar, making the Japanese assets more attractive to foreign investors and improving the profit outlook for the export-driven Japanese companies.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.3% to 39,461.47, and the TOPIX advanced 1.2% to 2,765.59.
Financials, retailers, and advanced equipment makers led the gainers in Tokyo.
Advantest Corp. increased 3.3% to ¥9,220.0, Tokyo Electron decreased 0.5% to ¥25,350.0, and Lasertec jumped 2% to ¥15,480.0.
SoftBank Group decreased 3.5% to ¥9,504.0, and the high-tech investment company reported a loss in the December quarter, reflecting a slump in valuation in tech companies at its Vision Fund.
Trend Micro soared 16% to ¥10,860.0 after a report suggested a heated takeover battle for the cybersecurity company.
Bain Capital and Advent International are among the few of the several companies looking to acquire the Japan-based computer security company, according to a report by Reuters.
Toray Industries jumped 8% to ¥1,020.0 after the composite materials maker reported nine-month financial results.
Net income in the third quarter increased 17% from a year ago to 19.65 billion yen but fell short of market expectations.
For the full year, the company retained a sales estimate of 2.6 trillion yen, net income of 88 billion yen, and a cash dividend of 18 yen per share.
DeepSeek-Driven Rally Lifts Hong Kong Tech Index to Five-Month High
Stock market indexes in Hong Kong extended gains amid continued demand for tech stocks.
The Hang Seng index advanced nearly 2%, but the mainland-focused CSI 300 index declined a fraction.
The Hang Seng Tech Index advanced as much as 2.3% and surpassed the previous high reached in September when the central government and the PBOC announced a raft of stimulus measures.
The current market euphoria is driven by the success of the open-access chatbot DeepSeek, which could make artificial intelligence tools more affordable.
Leading tech Chinese companies are expected to include their artificial intelligence-driven tools in their services, which could spark another cycle of earnings growth.
However, the tech enthusiasm in Hong Kong was not shared in trading in mainland China, as investors worried about tariff headwinds and lack of progress in implementing the previously announced stimulus measures.
China Indexes and Stocks
The Hang Seng index jumped 1.7% to 22,233.01, and the CSI 300 index decreased 0.3% to 3,908.72.
Alibaba Group jumped 1.4% to HK $115.40, Tencent Holdings advanced 1.6% to HK $458.80, JD.com Inc jumped 1.2% to HK $156.40, and SMIC advanced 0.3% to HK $48.10.
- Alexander Garcia
- 13 Feb, 2025
- Miami
Benchmark indexes in New York edged higher as investors looked beyond two hotter-than-expected inflation reports released in as many days.
Positive earnings from leading companies have supported market enthusiasm, despite rising trade tensions and growing realization that the Fed is likely to delay rate cuts amid gathering inflationary forces.
The S&P 500 index gained 0.5%, and the Nasdaq Composite advanced 0.9%, and the yield on 10-year Treasury notes remained elevated.
Producer price inflation in January slowed from December, but the level was still ahead of market estimates.
Producer inflation slowed to 0.4% in January from the upwardly revised 0.5% in December, the U.S. Bureau of Labor Statistics reported Thursday.
On an annual basis, producer price inflation was unchanged at 3.5%, matching the upwardly revised rate in December.
Core inflation, which excludes food and energy inflation, advanced 0.3% from the previous month and gained 3.6% from a year ago.
Thursday's producer price inflation report follows Wednesday's hotter-than-expected consumer price inflation report, confirming that the Federal Reserve is not likely to lower interest rates anytime soon.
Moreover, inflation is likely to remain elevated as the Trump administration doubles down on imposing more import taxes, or tariffs, on shipments from key trading partners in Europe, Asia, and North America.
U.S. Indexes and Treasury Yields
The S&P 500 index increased 0.1% to 6,059.56, the Nasdaq Composite edged up 0.3% to 19,710.78, and the Russell 2000 index was up 0.5% to 2,267.31.
The yield on 2-year Treasury notes edged lower to 4.36%, 10-year Treasury notes decreased to 4.56%, and 30-year Treasury bonds declined to 4.81%.
WTI crude oil decreased $0.71 to $70.65 a barrel, and natural gas prices edged higher by $0.13 to $3.69 a thermal unit.
Gold increased by $4.62 to $2,910.52 an ounce, and silver edged down by $0.24 to $32.03.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased 0.19 to 107.78 and traded at a two-year high.
U.S. Stock Movers
Dutch Bros Inc. soared 31% to $85.10 after the coffee chain operator reported better-than-expected quarterly results, and the company's full-year outlook was ahead of expectations.
The Trade Desk plunged 32% to $83.60 after the digital advertising company estimated weaker-than-expected results in the current quarter.
Reddit, Inc. declined 7.8% to $199.87 after the social media platform operator reported weaker-than-expected quarterly results.
MGM Resorts soared 13.5% to $39.0 after the casino company reported a 1% decline in consolidated revenue in the fourth quarter, but results were ahead of market expectations.
European Markets Advanced, UK Q4 GDP Expanded, Eurozone Industrial Output Shrank
Stock market indexes in Europe advanced, and investors reviewed the latest economic updates in the region.
Benchmark indexes in Frankfurt traded at a new high, but market indexes in London fell after the release of GDP figures.
Germany's consumer price inflation in January eased to an annual pace of 2.3% from an eleven-month high of 2.6% in December, according to the second estimate released by the Federal Statistical Office, or Destatis.
Eurozone industrial output fell at an annual pace of 2.0% in December, following a revised 1.8% contraction in the previous month, Eurostat said in an update on Thursday.
The UK economy unexpectedly expanded in the fourth quarter, driven by increases in activities in construction and services, the Office for National Statistics said Thursday.
Gross domestic product increased 0.1% from the third quarter, when the economy was flat.
On an annual basis, the UK economy expanded at a pace of 1.4%, compared to a 1.0% increase in the third quarter.
Europe Indexes and Yields
The DAX index increased by 0.8% to 22,317.80, the CAC-40 index edged higher 0.6% to 8,094.08, and the FTSE 100 index declined by 0.8% to 8,738.17.
The yield on 10-year German bonds inched lower to 2.47%, French bonds decreased to 3.17%, the UK gilts moved up to 4.54%, and Italian bonds edged lower to 3.53%.
The euro increased to $1.04; the British pound was higher at $1.25; and the U.S. dollar was lower and traded at 91.81 Swiss cents.
Brent crude decreased $0.50 to $74.69 a barrel, and the Dutch TTF natural gas was higher by €0.17 to €49.91 per MWh.
Europe Stock Movers
Orange SA increased 2.7% to €11.04 after the French telecom carrier met targets it set for 2024.
Delivery Hero SE jumped 8.3% to €28.43 after the German food delivery company's revenue increase in the fourth quarter surpassed market expectations.
British American Tobacco declined 7.2% to 3,151.47 pence after the tobacco company reported mixed results.
Barclays PLC decreased 5.4% to 291.10 pence, despite the British bank posting higher profit in the fiscal year 2024 and launching a £1 billion stock buyback.
Japan Indexes Extended Market Rally to Second Session
Stock market indexes in Tokyo advanced for the second session in a row, and the weaker yen boosted the outlook for earnings growth.
The Nikkei 225 stock average jumped more than 1.3%, and the TOPIX advanced 1.2% after investors reviewed the latest batch of positive earnings.
Market sentiment was boosted after the yen dropped below 154.55 against the dollar, making the Japanese assets more attractive to foreign investors and improving the profit outlook for the export-driven Japanese companies.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.3% to 39,461.47, and the TOPIX advanced 1.2% to 2,765.59.
Financials, retailers, and advanced equipment makers led the gainers in Tokyo.
Advantest Corp. increased 3.3% to ¥9,220.0, Tokyo Electron decreased 0.5% to ¥25,350.0, and Lasertec jumped 2% to ¥15,480.0.
SoftBank Group decreased 3.5% to ¥9,504.0, and the high-tech investment company reported a loss in the December quarter, reflecting a slump in valuation in tech companies at its Vision Fund.
Trend Micro soared 16% to ¥10,860.0 after a report suggested a heated takeover battle for the cybersecurity company.
Bain Capital and Advent International are among the few of the several companies looking to acquire the Japan-based computer security company, according to a report by Reuters.
Toray Industries jumped 8% to ¥1,020.0 after the composite materials maker reported nine-month financial results.
Net income in the third quarter increased 17% from a year ago to 19.65 billion yen but fell short of market expectations.
For the full year, the company retained a sales estimate of 2.6 trillion yen, net income of 88 billion yen, and a cash dividend of 18 yen per share.
DeepSeek-Driven Rally Lifts Hong Kong Tech Index to Five-Month High
Stock market indexes in Hong Kong extended gains amid continued demand for tech stocks.
The Hang Seng index advanced nearly 2%, but the mainland-focused CSI 300 index declined a fraction.
The Hang Seng Tech Index advanced as much as 2.3% and surpassed the previous high reached in September when the central government and the PBOC announced a raft of stimulus measures.
The current market euphoria is driven by the success of the open-access chatbot DeepSeek, which could make artificial intelligence tools more affordable.
Leading tech Chinese companies are expected to include their artificial intelligence-driven tools in their services, which could spark another cycle of earnings growth.
However, the tech enthusiasm in Hong Kong was not shared in trading in mainland China, as investors worried about tariff headwinds and lack of progress in implementing the previously announced stimulus measures.
China Indexes and Stocks
The Hang Seng index jumped 1.7% to 22,233.01, and the CSI 300 index decreased 0.3% to 3,908.72.
Alibaba Group jumped 1.4% to HK $115.40, Tencent Holdings advanced 1.6% to HK $458.80, JD.com Inc jumped 1.2% to HK $156.40, and SMIC advanced 0.3% to HK $48.10.
- Barry Adams
- 13 Feb, 2025
- New York City
Benchmark indexes in New York edged higher as investors looked beyond two inflation reports in as many days.
The S&P 500 index gained 0.1%, and the Nasdaq Composite advanced 0.3%, and the yield on 10-year Treasury notes remained elevated.
Producer price inflation in January slowed from December, but the level was still ahead of market estimates.
Producer inflation slowed to 0.4% in January from the upwardly revised 0.5% in December, the U.S. Bureau of Labor Statistics reported Thursday.
On an annual basis, producer price inflation was unchanged at 3.5%, matching the upwardly revised rate in December.
Core inflation, which excludes food and energy inflation, advanced 0.3% from the previous month and gained 3.6% from a year ago.
Thursday's producer price inflation report follows Wednesday's hotter-than-expected consumer price inflation report, confirming that the Federal Reserve is not likely to lower interest rates anytime soon.
Moreover, inflation is likely to remain elevated as the Trump administration doubles down on imposing more import taxes, or tariffs, on shipments from key trading partners in Europe, Asia, and North America.
U.S. Indexes and Treasury Yields
The S&P 500 index increased 0.1% to 6,059.56, the Nasdaq Composite edged up 0.3% to 19,710.78, and the Russell 2000 index was up 0.5% to 2,267.31.
The yield on 2-year Treasury notes edged lower to 4.36%, 10-year Treasury notes decreased to 4.56%, and 30-year Treasury bonds declined to 4.81%.
WTI crude oil decreased $0.71 to $70.65 a barrel, and natural gas prices edged higher by $0.13 to $3.69 a thermal unit.
Gold increased by $4.62 to $2,910.52 an ounce, and silver edged down by $0.24 to $32.03.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased 0.19 to 107.78 and traded at a two-year high.
U.S. Stock Movers
Dutch Bros Inc. soared 31% to $85.10 after the coffee chain operator reported better-than-expected quarterly results, and the company's full-year outlook was ahead of expectations.
The Trade Desk plunged 32% to $83.60 after the digital advertising company estimated weaker-than-expected results in the current quarter.
Reddit, Inc. declined 7.8% to $199.87 after the social media platform operator reported weaker-than-expected quarterly results.
MGM Resorts soared 13.5% to $39.0 after the casino company reported a 1% decline in consolidated revenue in the fourth quarter, but results were ahead of market expectations.