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First-quarter revenue is expected to be $175 million to $215 million, far below the $406 million forecast. Teladoc posted $661 million in revenue, below the $671 million consensus forecast from LSEG, formerly known as Refinitiv. Wingstop — The restaurant chain slipped 4% despite reporting fourth-quarter earnings and revenue that topped analysts' estimates. However, total revenue growth came down for the fourth consecutive quarter. Wix.com reported fourth-quarter earnings of $1.22 per share, more than the consensus estimate from StreetAccount of earnings of 96 cents per share.
Persons: SolarEdge, Teladoc, Alan Shaw, , Dow, Wingstop, Wix.com, CNBC's Hakyung Kim, Michelle Fox, Lisa Kailai Han, Jesse Pound, Samantha Subin, Yun Li, Sarah Min Organizations: Nvidia, Wall, Palo Alto Networks, Toll, Norfolk Southern, Barclays, Walgreen Boots, Dow Jones, Walgreens, Alliance, Dow Jones Industrial, Walgreens Boots Alliance, HSBC —, HSBC, Bank of Communications, Garmin —, Garmin Locations: Palo, billings, LSEG, U.S, China
Dow Jones index set to end 13 day winning streak
  + stars: | 2023-07-27 | by ( Noel Randewich | ) www.reuters.com   time to read: +3 min
Its recent rally comes as traders widely believe that the U.S. Federal Reserve's 25 basis point rate hike on Wednesday was the last in its campaign to control inflation. The Dow's longest-ever winning streak was 14 sessions, set in 1897, according to S&P Dow Jones Indices. Even after its recent gains, the Dow has lagged Wall Street's other main indexes in 2023. Reuters GraphicsWhile the Dow's recent winning streak is unusually long, its overall strength has not been exceptional. The Dow's last 13-day winning streak in January 1987 produced a gain of 11.1%.
Persons: Dow, Hogan, Tesla, it's, darlings, Noel Randewich, Alison Williams Organizations: Dow Jones, Dow, Reuters, U.S, U.S . Federal, Riley, Nvidia, Apple, Microsoft, Chevron, Verizon Communications, Walgreen Boots Alliance, Nasdaq, Thomson Locations: U.S ., Amgen
S&P 500, Nasdaq futures edge higher ahead of economic data
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +3 min
SummarySummary Companies Growth stocks rise in early tradeWalgreen Boots slides after profit warningInvestors await data, Powell speechFutures: Dow off 0.05%, S&P up 0.15%, Nasdaq climbs 0.39%June 27 (Reuters) - Futures tracking the S&P 500 and Nasdaq rose on Tuesday, ahead of economic data that could offer hints on the Federal Reserve's monetary tightening plans, while a profit warning from Walgreen Boots weighed on Dow futures. Market participants are focusing on economic data and the European Central Bank Forum in Sintra, Portugal where several key policymakers including Fed Chair Jerome Powell will speak this week. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were up 6.75 points, or 0.15%, and Nasdaq 100 e-minis were up 58 points, or 0.39%. Snowflake (SNOW.N) climbed 3.5% after the cloud data analytics company announced partnership with Nvidia (NVDA.O) to allow customers to build AI models using their own data. Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Powell, Boots, Jerome Powell, Stuart Cole, Premier Li Qiang, Bernstein, Sruthi Shankar, Ankika Biswas, Shinjini Organizations: Dow, Nasdaq, Federal, Walgreens Boots Alliance, Nvidia, European Central Bank, Dow e, Alibaba, Premier, Google, Foxconn, Thomson Locations: megacap, Sintra, Portugal, U.S, Bengaluru
New home sales and consumer confidence data are due later in the day. A winning run on Wall Street came to a halt last week after Powell said there were more rate hikes on the cards. Snowflake (SNOW.N) climbed 2.6% after the cloud data analytics company announced partnership with Nvidia (NVDA.O) to allow customers to build AI models using their own data. The S&P index recorded eight new 52-week highs and one new low, while the Nasdaq recorded 18 new highs and 48 new lows. Reporting by Sruthi Shankar, Johann M Cherian and Ankika Biswas in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Powell, Peter Andersen, Jerome Powell, Premier Li Qiang, Bernstein, Sruthi Shankar, Johann M Cherian, Ankika Biswas, Shinjini Organizations: Dow, Nasdaq, Commerce Department, Reuters, Fed, Andersen Capital Management, European Central Bank, Dow Jones, Nvidia, Meta, Citigroup, Alibaba, Premier, Google, Walgreens Boots Alliance, Lordstown Motors, Foxconn, NYSE, Thomson Locations: Sintra, Portugal, U.S, Bengaluru
Market turbulence could reign supreme once again in the week ahead, as investors worry about the potential for more trouble rippling through the banking system. The broader market was initially under pressure Friday as investors became jittery about Deutsche Bank . "The market is saying: 'You, the Fed, do not appreciate the slowdown that is going to hit us,'" Chandler said. "The market is going to do a lot better and it held onto its gains despite all the things that rocked the market. He added that market concern about banks has risen, and there is concern credit tightening will hurt the economy.
Women continue to face a significant wage gap that has hardly budged over the last 15 years, with women of color bearing the brunt of the disparity. The year "2022 really is a mixed bag when it comes to gender equality," says Melissa Boteach, the vice president for income security and child care/early learning at the National Women's Law Center. Aside from that victory, there has been little progress in closing the gender wage gap over the past decade. This year, the wage gap narrowed by one penny. The wage gap Black women face narrowed by about four cents in one year, while Latinas' wage gap didn't budge at all.
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