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Strategy Inc. shares were trading more than 13% higher Thursday, with the move attributed in the source to bitcoin reaching $80,000, lower yields, a weaker dollar and Fed Gov. Christopher Waller's rate comments.
Victoria's Secret said Q2 net sales rose 10% year over year, with operating income and EPS above guidance. It raised fiscal 2026 net sales and adjusted net income per diluted share guidance.
Genesco said second-quarter fiscal 2027 bottom line results were significantly better than last year and well ahead of expectations, helped by higher gross margin recapture, more full-price selling and disciplined expense management.
Brady said fiscal 2026 revenue and adjusted earnings per share reached record highs, marking a sixth straight year of record earnings. It also completed the Honeywell PSS acquisition and set fiscal 2027 guidance.
Strategy Inc. shares rose more than 10% Thursday after Bitcoin broke above $80,000. Investors often view Strategy as a leveraged proxy for Bitcoin because of its treasury holdings.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 200 points on Thursday. The Dow traded up 0.72% to 52,681.94 while the NASDAQ fell 0.90% to 25,805.23. The S&P 500 also fell, dropping, 0.22% to 7,466.99. Leading and Lagging Sectors Health care shares jumped by 2.2% on Thursda
Apple Inc (NASDAQ: AAPL ) shares are trading higher on Thursday even while memory and storage pricing pressure tied to AI data-center demand starts showing up in consumer hardware. Apple stock is trading at elevated levels. Where are AAPL shares going? What Is Driving Apple’s Recent Price Increases? Apple raised prices