Dow Jones Rises 1.73%, Nasdaq Declines
The major averages closed mixed, with the Dow Jones Industrial Average the leader. The Nasdaq was the laggard as investors took profits in semiconductor stocks following Broadcom's earnings report. The reaction in Broadcom shares suggests the market may be entering a phase where strong results alone are no longer enough if guidance does not materially improve.Meanwhile, oil prices eased slightly following reports of progress toward regional de-escalation in the Middle East.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Broadcomreportedand reiterated its FY27 AI revenue targetCrowdStrikeprovided areport for Q1Five Belowalso provided areport for Q1Blackstone Private Credit Fundiscompared to the requested 10%Quantinuumopened at $68 after the quantum computing company's IPO2. WALL STREET CALLS:BofAUnitedHealthto Buy on improving medical cost trendsMacquarieBroadcomon Googlemove to insource chipsRTXto Buy from Hold at JefferiesPVH Corp.to In Line from Outperform at Evercore ISIUBSEHangto Neutral amid setbacks3. AROUND THE WEB:Qantasis in talks for the potential purchase of 20 Boeing787s or AirbusA350s, Reuters reportsIn a confidential Competition Commission of India, CCI, order, Appleagreed to submit the financials of its India business to the antitrust body as part of an investigation into whether the company abused its market position in the country, Reuters saysMetahas delayed plans to release its newest AI model to developers several times and does not have a planned date to release it, WSJ saysNvidiahas acquired Kumo AI, a startup focused on foundation models for business prediction and analytics, with all three co-founders already joining Nvidia, Yahoo Finance reportsSome members of the Glazer family are considering selling their stake in Manchester United FCafter internal discussions about individual exits, potentially drawing interest from Middle Eastern and U.S. wealthy buyers at a high valuation, Bloomberg reports4. MOVERS:Oscar Healthgained after Wells Fargothe stock to Equal Weight from UnderweightFranklin Resourcesrose afterthe company is near an SEC settlement over Wamco for $100MAbsciwas higher after Leerinkcoverage of the stock with an Outperform ratingPetcowas lower afterand providing guidance for Q2 and FY26Netskopefell afterand providing guidance for FY275. EARNINGS/GUIDANCE:PVH Corp.reportedand affirmed its FY26 guidanceToro Companyand raised its guidance for FY26Ciena, with CEO Gary Smith commenting, "Today's results reflect the strength of our portfolio"Caleresand provided its guidance for Q2 and FY26Columbus McKinnon, with EPS missing consensusINDEXES:The Dow rose 874.86, or 1.73%, to 51,561.93, the Nasdaq lost 23.02, or 0.086%, to 26,830.96, and the S&P 500 advanced 30.63, or 0.41%, to 7,584.31.
