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Barclays lifts S&P 500 index's year-end target to 7,950 on strong earnings

Barclays lifts S&P 500 index's year-end target to 7,950 on strong earnings

Sept 9 (Reuters) - Barclays raised its year-end target for the benchmark S&P 500 index to 7,950 from 7,800 on Wednesday, following a standout earnings season led by technology companies. The revised target is about 3.6% higher than the index's last close.

Smithfield Foods expects to swing to third-quarter operating loss in fresh pork business

Smithfield Foods expects to swing to third-quarter operating loss in fresh pork business

Sept 8 (Reuters) - Smithfield Foods said on Tuesday its fresh pork segment is expected to swing to an adjusted operating loss in the third quarter, due to persistent pressure from lower hog prices and a shrinking industry market spread amid cautious spending.

S&P 500 falls as AI worries hit software makers

S&P 500 falls as AI worries hit software makers

By Noel Randewich and Niket Nishant Sept 8 (Reuters) - The S&P 500 fell on Tuesday, with Salesforce and other software makers losing ground, while hostilities in the Middle East lifted oil prices and investors awaited inflation data that could affect the chances of an interest rate hike.

European shares dip as higher crude revives inflation worries; Novartis drags

European shares dip as higher crude revives inflation worries; Novartis drags

Sept 8 (Reuters) - European shares edged lower on Tuesday as rising oil prices fuelled inflation worries and supply concerns over a prolonged Middle East conflict, while Novartis came under pressure after reporting its second drug development setback.

Baker Hughes raises annual forecasts after Chart purchase, signals LNG recovery ahead

Baker Hughes raises annual forecasts after Chart purchase, signals LNG recovery ahead

By Vallari Srivastava and Pranav Mathur Sept 9 (Reuters) - U.S. oilfield services provider Baker Hughes raised its full-year forecasts on Wednesday, reflecting the benefits of its $13.6 billion acquisition of industrial equipment maker Chart Industries.

Lululemon Stock Drops 18% Following Earnings Report, Analyst Issues 'Sell' Rating

Lululemon Stock Drops 18% Following Earnings Report, Analyst Issues 'Sell' Rating

Lululemon Stock Drops 18% Following Earnings Report, Analyst Issues 'Sell' Rating

Wall St slips as steep oil prices stoke inflation concerns ahead of CPI

Wall St slips as steep oil prices stoke inflation concerns ahead of CPI

By Niket Nishant and Tharuniyaa Lakshmi Sept 8 (Reuters) - The major U.S. stock indexes edged lower on Tuesday as fresh hostilities in the Middle East pushed oil prices higher, while markets await inflation data due later this week.

Lululemon Shares Plummet 17.38% Following Slashed Full-Year Guidance and North American Sales Decline

Lululemon Shares Plummet 17.38% Following Slashed Full-Year Guidance and North American Sales Decline

Lululemon Shares Plummet 17.38% Following Slashed Full-Year Guidance and North American Sales Decline

Wall St slips as Gulf tensions send oil to over six-week high

Wall St slips as Gulf tensions send oil to over six-week high

By Niket Nishant and Tharuniyaa Lakshmi Sept 8 (Reuters) - The major U.S. stock indexes edged lower on Tuesday as fresh hostilities in the Middle East pushed oil prices to their highest since late July, while markets await inflation data due later this week.

Wall St futures muted as oil tops $100 for first time since July

Wall St futures muted as oil tops $100 for first time since July

Sept 9 (Reuters) - U.S. stock index futures were subdued on Wednesday as oil prices blew past $100 for the first time since July amid an intensifying Middle East conflict, keeping investors cautious ahead of inflation data later this week.

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

By Anushree Mukherjee and Robert Harvey Sept 9 (Reuters) - Brent crude futures breached $100 a barrel on Wednesday for the first time since July 24 as escalating attacks in the Middle East, including on tankers, stifled hopes of a normalisation of oil shipping in the region.

Navan raises fiscal 2027 forecast on strong corporate travel demand, customer growth

Navan raises fiscal 2027 forecast on strong corporate travel demand, customer growth

Sept 9 (Reuters) - Corporate travel and expense platform Navan raised its full-year forecasts for revenue and operating income on Wednesday, as strong demand for business travel and addition of new customers drive growth.