Global Courant 2023-05-26 02:13:59
Yahoo Finance Live anchors Akiko Fujita and Seana Smith recap the top stories of the day, including the debt ceiling dilemma, Nvidia shares rise after Q1 earnings report, and Costo Q3 earnings miss analyst estimates.
Video Transcription
– It’s closing time here at Yahoo Finance. Time to get swept up in some of the biggest stories of the day. The Dow ended the day fairly flat as investors wait to see if a deal is reached on the debt ceiling before the long holiday weekend. The deadlock on the deal has gotten so bad that rating agency Fitch has warned it could downgrade the US credit rating.
– It was a great day for NVIDIA stock, which ended the day up 24% after a big Q1 earnings report and optimistic outlook, all thanks to AI. It led a number of analysts to raise their price targets for the stock and push that stock to a trillion dollar market cap.
– And finally, COSTCO’s third-quarter results missed analyst estimates. The retailer’s adjusted earnings came in at $2.93 per share, compared to an estimated $3.30 the Street was expecting. Same-store sales were also lower than expected as consumers cut back on spending on major items.
