ESSENTIAL NOTES, Spirit AeroSystems, Dell, NetApp,
On Friday, March 1, 2024, during intraday trading, the S&P 500 and Nasdaq hit all-time highs as tech stocks rose in response to growing investor interest in businesses offering AI services and products.
When it came to quarterly results and demand projections for its new all-flash products, NetApp exceeded expectations.
Rumor has it that Boeing is in negotiations to buy back supplier Spirit Aerosystems.
Friday’s intraday trading saw record highs for the S&P 500 and Nasdaq as interest in businesses offering artificial intelligence (AI) services and products drove up tech stocks. Even the Dow saw a small increase.
Following news that orders for AI-optimized servers increased by almost 40% in the fourth quarter, Dell (DELL) saw a sharp increase in share price, signaling the company’s potential to profit from the rapidly growing market for AI.
The cloud storage company NetApp (NTAP) reported higher-than-expected profit and sales, along with guidance indicating growing demand for its new all-flash products, and this led to a surge in their shares.
The maker of medical equipment, CooperCompanies (COO), beat revenue and earnings projections on contact lens and fertility solution sales, which resulted in climbing share prices.
A monthly subscription service for printers was introduced by PC and printer manufacturer HP (HPQ), which sent its shares skyrocketing.
Following a business review, Dominion Energy (D) issued guidance that fell short of expectations, causing the company’s shares to plummet.
The news that Boeing (BA) is in talks to acquire supplier Spirit AeroSystems (SPR), which it previously owned, caused its shares to drop. The stock of Spirit AeroSystems increased.
Futures on oil and gold increased. The Treasury note with a 10-year maturity fell in yield. Although it lost ground to the pound and euro, the US dollar was up against the yen. With most significant digital coins trading lower, the cryptocurrency rally came to a standstill.