US stock indices showed mixed reactions following a weaker-than-expected jobs report that revealed a loss of jobs, contrary to forecasts. The Nasdaq 100 fluctuated between support and resistance levels, reflecting market uncertainty. The Dow Jones 30 remained steady above a key breakout level but showed indecision as traders awaited clearer direction. The S&P 500 briefly spiked but then stabilized, forming a pattern suggesting a potential pause or pullback. Overall, the market is digesting economic data amid geopolitical tensions and unclear Federal Reserve policies, leading many traders to adopt a cautious stance heading into the weekend.
Oil prices fell sharply after the US imposed less severe sanctions on Iran than expected, reducing fears of military conflict in the Gulf region. Brent crude dropped 2.52% to $86.35 per barrel, and US West Texas Intermediate fell 2.17% to $80.56. Dis...
Seadrill Limited, a leading offshore driller, reported stronger-than-expected quarterly results with adjusted EBITDA reaching $144 million and a margin of 32.1%, marking a two-year high. The company raised its full-year revenue and EBITDA guidance, a...
RTX Corporation reported a 22% increase in its backlog to $289 billion, driven by robust defense demand, alongside an 18% rise in its stock price since late April. The company's Q2 results surpassed expectations with 14% sales growth (16% organic), 2...
RBC Capital initiated coverage on Atlassian with an Outperform rating, highlighting its strong position in the $67 billion collaboration software market and rapid AI advancements through its Rovo AI assistant. Atlassian's Q4 fiscal 2026 results excee...
Zoom Video Communications reported better-than-expected Q2 earnings with an EPS of $1.55 and revenue of $1.28 billion, marking a 4.9% year-over-year increase. The growth was mainly fueled by its enterprise segment, which saw revenue rise 7.8% to $787...
