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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.

The major averages were mixed at midday, with the Dow Jones Industrial Average was more than 800 points higher and the Nasdaq slipping as investors take profits in semiconductor stocks amid the market reaction to Broadcom's earnings report. Broadcom's reaction 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 have eased slightly following reports of progress toward regional de-escalation in the Middle East. At the same time, gold is modestly higher as traders seek safety amid the pullback in technology shares and ongoing geopolitical uncertainty.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%PVH Corp.reportedand affirmed its FY26 guidance2. 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:TSMC'sCEO C.C. Wei said global chip supply is expected to remain constrained relative to AI-driven demand for years, noting that even with expanded U.S. manufacturing capacity, the company will not be able to fully meet strong customer demand, Bloomberg 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 Healthgains after Wells Fargothe stock to Equal Weight from UnderweightRedwireincreases after beingfrom Astrobiome SpaceAbsci (ABSI) higher after Leerinkof the stock with an Outperform ratingPetcolower afterand providing guidance for Q2 and FY26Netskopefalls afterand providing guidance for FY275. EARNINGS/GUIDANCE:Toro 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 consensusIDT Corpand raised its guidance for FY26INDEXES:Near midday, the Dow was up 1.69%, or 857.93, to 51,545.00, the Nasdaq was down 0.38%, or 101.24, to 26,752.73, and the S&P 500 was up 0.18%, or 13.33, to 7,567.01.

Stock futures are mixed this morning as investors take profits in semiconductor stocks following the market reaction to Broadcom's earnings report. Broadcom's reaction suggests the market may be entering a phase where strong results alone are no longer enough if guidance does not materially improve.Economic data continues to point toward a resilient economy. Yesterday's ADP report showed private employers added 122,000 jobs in May, the strongest monthly gain in 16 months and above expectations. That has reinforced the view that the labor market remains healthy despite elevated interest rates. Investors now turn their attention to the jobless claims data and tomorrow's nonfarm payrolls report.Oil prices have eased slightly following reports of progress toward regional de-escalation in the Middle East. At the same time, gold is modestly higher as investors seek safety amid the pullback in technology shares and ongoing geopolitical uncertainty. Treasury yields are slightly lower this morning as traders position ahead of tomorrow's jobs report.In pre-market trading, S&P 500 futures fell 0.29%, Nasdaq futures fell 1.06% and Dow futures rose 0.95%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Tilly'sup 8%Orion Energyup 7%Caleresup 7%C3 AIup 2%ChargePointdown 1%DOWN AFTER EARNINGS -Broadcomdown 14%CrowdStrikedown 9%Cienadown 8%PVH Corp.down 23%Netskopedown 18%Five Belowdown 11%X-energydown 1%Columbus McKinnondown 1%

Sees 2026 revenue growth up in low-to-mid-single digits from $2.76B in 2025, consensus $2.88B.