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Sumitomo Electric Industries, Ltd. (SMTOY)

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-0.51

(-2.46%)

As of 10:21:29 AM EDT. Market Open.

Stock market today: Dow, S&P 500, Nasdaq edge higher as cool inflation data boosts Fed rate cut hopes

Investors were digesting a softer-than-expected inflation reading and assessing a US-China plan to salvage their trade truce.

Yahoo Finance 6 minutes ago

^DJI

^GSPC

^IXIC
Nvidia, quantum computing, Tesla robotaxi: Trending Tickers

Nvidia (NVDA) is edging higher Wednesday morning, now within earshot of its record high stock price of $149.43 reached in January 2025. CEO Jensen Huang will deliver the keynote address at the 2025 VivaTech conference in Paris, France. Shares of quantum computing companies D-Wave Quantum (QBTS), Rigetti Computing (RGTI), and IonQ (IONQ) are rising as Huang grows more bullish on the industry, believing quantum computing is nearing an inflection point where it is capable of solving real world problems. Tesla (TSLA) CEO and SpaceX (SPAX.PVT) founder Elon Musk expresses his regret about his public spat with President Trump ahead of his EV company's robotaxi launch in Austin, Texas. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Yahoo Finance Video 48 minutes ago

NVDA

SPAX.PVT

TSLA
How the Trump-Musk feud exposed the risk of the 'Musk premium' in Tesla's stock

Tesla CEO Elon Musk's recent feud with his short-lived political ally President Trump has spotlighted the risk of the electric vehicle stock's 'Musk premium.'

Yahoo Finance 1 hour ago

TSLA
Roblox CEO reveals plan to boost profits via simulations

You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Charting a path toward domination of the digital universe. Roblox is fresh off a better-than-expected first quarter as it gained traction in new gaming genres such as racing and sports amongst children over the age of 13. Sales, daily active users, and bookings all increased by double-digit percentages. Sales clocked in at $1.03 billion, up 29% from the prior year. Bookings—a measure of in-game currency sales—gained 31% to $1.2 billion. Average daily users improved 26% to 97.8 million. Total hours of engagement on the platform increased 30% to 21.7 billion. Roblox (RBLX) had a really strong Q1, with revenue, bookings, and daily active users all up by double digits compared to the same quarter last year. For the full year, Roblox sees revenue of $4.3 billion to $4.365 billion, up about 19.5% year over year. Adjusted operating profits are forecast between $205 million and $265 million. At the midpoint, it would equate to adjusted operating profit growth of about 28%. The strong start to the year has pushed Roblox shares to a 52-week high. Shares are up 165% over the past year. So what’s next for Roblox? Yahoo Finance Executive Editor Brian Sozzi talks on the Opening Bid podcast with Roblox founder and CEO Dave Baszucki. Baszucki shares his plans to simulate reality at scale, improve a fledgling advertising business, and take more market share away from traditional video games. He also pushes back on the notion that Roblox isn’t safe for children. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms

Yahoo Finance Video 2 hours ago

NVDA

GROQ.PVT

RBLX
Oracle earnings, May CPI, mortgage data: What to Watch

Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to tomorrow, Wednesday, June 11, including earnings results from companies like Chewy (CHWY), Oracle (ORCL), and Victoria's Secret (VSCO); May's Consumer Price Index (CPI) inflation data; and the latest print on US mortgage applications. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Yahoo Finance Video 15 hours ago

VSCO

ORCL

JILL
2 Trump allies bought Tesla before Musk fallout, lawmaker trading reports show

Congressional stock trading reports show that two allies of President Trump loaded up on additional Tesla shares as the relationship between the president and Elon Musk began to show signs of strain but before their falling out.

Yahoo Finance 18 hours ago

SPAX.PVT

JPM

META
Pet Food Retailer Chewy Clocks Q1 Earnings Beat, Guides For Annual EBITDA Margin Expansion

Chewy Inc. (NYSE:CHWY) on Wednesday reported a first-quarter 2025 adjusted earnings of 35 cents per share, up 12.9% year-over-year, beating the consensus of $34 cents and the management guidance of 30-35 cents. The retailer of pet supplies reported sales of $3.12 billion, up 8.3% year over year, compared to the consensus of $3.08 billion and the management guidance of $3.06 billion-$3.09 billion. Chewy CEO Sumit Singh stated that the company’s first-quarter sales exceeded the high end of its gui

Benzinga 6 minutes ago

CHWY
Trump Trade: RFK Jr. removes members of vaccine-advising CDC panel

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly: VACCINE ADVISORY COMMITTEE: In an opinion article published by The Wall Street Journal, Robert F. Kennedy Jr. stated, “Vaccines have become a divisive issue in American politics, but there is one thing all parties can agree on: The U.S. faces a crisis of public trust. Whether toward health agenci

TipRanks 19 minutes ago

JNJ

MRK

BNTX
AI Bets That Fueled Big Tech’s Surge Now Threaten Rich Profits

(Bloomberg) -- Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fueling concerns for profit margins and the risk that depreciation expenses will drag stocks down before companies can see investments pay off. Most Read from BloombergTrump’s Military Parade Has Washington Bracing for Tanks and WeaponryNY Long Island Rail Service Resumes After Grand Central FireNYC Mayoral Candidates All Agree on Building More Housing. But Where?Senator Calls for Cl

Bloomberg 31 minutes ago

AMZN

ORCL

GOOG
Chewy Stock Slumps Even After Earnings Beat. Here’s What We Know.

The company reported adjusted earnings of 35 cents a share on $3.12 billion in net sales, surpassing Wall Street’s call for profit of 33 cents a share and sales of $3.08 billion. The company held its current fiscal-year guidance steady, projecting sales of $12.3 billion to $12.45 billion.

Barrons.com 47 minutes ago

CHWY
These Stocks Are Moving the Most Today: Tesla, GitLab, Cleveland-Cliffs, Quantum Computing, GameStop, SailPoint, Chewy, and More

Elon Musk says Tesla expects to launch its robotaxi service tentatively on June 22, while GitLab tumbles after the software company issues a disappointing outlook.

Barrons.com 50 minutes ago

TSLA

ORCL

GTLB
Musk Says He Regrets Some of His Trump Posts, Amid Brutal Feud With President

The Tesla CEO criticized the President’s signature tax bill last week, igniting a brutal social-media feud.

Barrons.com 57 minutes ago

TSLA
Chewy Q1: Customer Count and Spend Rise

Within that context, Chewy's Q1 revenue growth of 8.3% is pretty solid, and represents a nice acceleration from last year's 6.4% full-year revenue growth, which included that extra week. Where we can really see Chewy's solid execution is in the active customer data. Active customers increased 3.8% from last year, with strong continued new customer acquisition during the quarter, and net sales per active customer of $583, up 3.7% from last year and about 1% higher than the prior quarter.

Motley Fool 59 minutes ago

CHWY
Lockheed Martin Falls After Pentagon Slashes F-35 Request

Lockheed Martin stock falls after the Pentagon cuts F-35 requests for the year. Ouster stock spikes on DoD tech approval.

Investor's Business Daily 1 hour ago

LMT

OUST

OUSTW
GitLab Earnings: Guidance Falls Short

GitLab beat analyst expectations in the first quarter, with revenue soaring by 27%. Customer expansion remained healthy, and the company had no trouble winning new enterprise customers. GitLab’s outlook for the second quarter and the full fiscal year fell a bit short, prompting an after-hours sell-off.

Motley Fool 1 hour ago

GTLB
Nvidia Ignites Quantum Stocks Rally With Bold Forecast at Paris Event

Quantum Stocks Surge After Nvidia CEO Says 'Inflection Point' Is Here

GuruFocus.com 1 hour ago

NVDA
Nvidia Teams With Novo Nordisk to Supercharge Early-Stage Drug R&D

Novo Nordisk to Use Nvidia AI Tools in Pharma Research Push

GuruFocus.com 1 hour ago

NVDA

NVO
Lockheed Martin Stock Drops on Worry Over F-35 Orders

Lockheed stock fell 2.6% to $464.52 in early trading, while and futures were up 0.4% and 0.3%, respectively. The drop came after Bloomberg reported that the Air Force is asking for 24 F-35 fighter jets this year, down from 48 in 2024. Lockheed Martin and the Defense Department didn’t immediately respond to requests for comment.

Barrons.com 1 hour ago

LMT
Quantum Computing Stocks Surge as Nvidia CEO Huang Says Tech Reaching 'Inflection Point'

Quantum computing shares are jumping in premarket trading Wednesday after Nvidia CEO Jensen Huang said that the industry was “reaching an inflection point."

Investopedia 1 hour ago

NVDA
Nvidia Stock Rises. Inflation Data Gives Shares a Boost CEO’s Speech Didn’t.

Investors are in a wait-and-see mode as they turn to the Nvidia’s artificial-intelligence developer conference in France.

Barrons.com 1 hour ago

NVDA

Performance Overview

Return	SMTOY	Nikkei 225 (^N225)
YTD	+12.79%	-3.69%
1-Year	+19.60%	-1.82%
3-Year	+79.72%	+38.09%

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Related News

Stock market today: Dow, S&P 500, Nasdaq edge higher as cool inflation data boosts Fed rate cut hopes

Nvidia, quantum computing, Tesla robotaxi: Trending Tickers

How the Trump-Musk feud exposed the risk of the 'Musk premium' in Tesla's stock

Roblox CEO reveals plan to boost profits via simulations

Oracle earnings, May CPI, mortgage data: What to Watch

2 Trump allies bought Tesla before Musk fallout, lawmaker trading reports show

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Lockheed Martin Falls After Pentagon Slashes F-35 Request

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Performance Overview