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Nasdaq 100 Climbs as Cooler PCE Cuts Rate Hike Bets, Micron Earnings Loom: Stock Market Today
U.S. stocks are higher at midday Wednesday, led by technology and software shares, after softer-than-expected inflation data eased fears of another Federal Reserve rate hike. Oil is climbing again, however, and long-dated Treasury yields remain close to multi-decade highs. • United Therapeutics stock is charging ahead
Tecsys reports strong Q1 and raises guidance
Tecsys said first-quarter bookings were a record and its second-highest ever, with Elite SaaS ARR up 24% year over year and revenue up 9%. The company raised full-year fiscal 2027 guidance after the quarter.
U.S. stocks gain as AI dealmaking offsets software selloff
U.S. equities advanced Wednesday, with the S&P 500 up 0.5% and the Dow up 0.4%, as AI dealmaking helped offset declines in software and cybersecurity shares.