Gold has hit a record high above $3,000 amid economic uncertainty. A breakout above $3,100 could push it toward $3,500, while support lies near $2,800. Inflation and Fed policy will decide the next move.
Shares of customer engagement software provider Braze (NASDAQ:BRZE) jumped 14.5% in the pre-market session after the company reported impressive fourth quarter 2024 (fiscal 2025) results with strong growth in customers, enabling it to beat analysts' revenue, EPS, and adjusted operating income estimates. But the shortfall in billings pointed to some softness in near-term sales. Also, a slowdown in net revenue retention, dropping from 117% to 111%, suggested customers were spending more cautiously than before.
Shares of eyecare company Bausch + Lomb (NYSE:BLCO)
fell 6.7% in the morning session after Wells Fargo downgraded the stock's rating from Buy to Hold. The firm cited concerns related to the "voluntary recall" of certain implantable eye lenses reported the previous day.
Goldman Sachs has initiated coverage on Sphere Entertainment with a Buy rating and a $42 price target. Analyst notes the market is underestimating Sphere's growth potential, including Las Vegas Sphere's revenue expansion and global franchise opportunities.
Grayscale, which already operates an Avalanche Trust with a 2.5% management fee, filed for the new ETF as part of a broader push toward regulated investment vehicles for altcoins.
Shares of e-commerce software platform Shopify (NYSE:SHOP) fell 5.6% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN)
fell 3.9% in the afternoon session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of exercise equipment company Peloton (NASDAQ:PTON)
fell 6.4% in the afternoon session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of mobile app advertising platform AppLovin (NASDAQ: APP)
jumped 9.2% in the pre-market session after CEO Adam Foroughi responded to the concerns raised by short-seller Muddy Waters regarding the company's ad targeting methods and competitiveness. He noted that the short seller's report's bias "lies in omission, not evidence."
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 15% in the morning session after the company reported underwhelming fourth quarter 2024 results and provided full-year revenue and EPS guidance below analysts' estimates. The Americas region showed flat comparable sales during the quarter, while international markets posted a 20% increase.
