The major US stock indices closed lower on the day led by the NASDAQ index. However, a late day rally in the NASDAQ trimmed some of the declines. At the session lows, the index was down -344.88 points. It is closing down -267.13 points.
A snapshot of the closing level shows:
- Dow Industrial Average -404.64 or -1.04% at 38585.20. At session lows, the index was down -532.01
- S&P index fell -52.30 points or -1.02% at 5078.64. At session lows, the price was down -74.12 points.
- NASDAQ index-267.93 or -1.65% at 15939.58. At session lows, the index was down -344.8 points.
The small-cap Russell 2000 fell -20.601 points or -0.99% at 2053.70. At such lows, the index was down -26.17 points.
The late-day rally pushed Nvidia shares positive with the shares closing up $7.45 or 0.87% at $859.82. At session lows, the price was down -$18.20.
Super Micro Computers also rose into the close and finished the day +$16.49 or 1.53% at $1090.83. At session lows, its shares were down $-98.24.
After hours earnings from Ross and Crowdstrike showed:
CrowdStrike Inc (CRWD) Q4 2024
- Adj. EPS: BEAT – Reported at $0.95 vs. expectations of $0.82.
- Revenue: BEAT – Reported at $845 million vs. expectations of $839 million.
- Q1 Revenue Forecast: BEAT – Expected between $902.2 million and $905.8 million vs. expectations of $898 million.
- Q1 Adj. EPS Forecast: BEAT – Expected between $0.89 and $0.90 vs. expectations of $0.83.
- FY25 Revenue Forecast: BEAT – Expected between $3.92 billion and $3.99 billion vs. expectations of $3.93 billion.
- FY25 Adj. EPS Forecast: BEAT – Expected between $3.77 and $3.97 vs. expectations of $3.75.
- After-Hours Reaction: CrowdStrike’s stock rose by 16.5%.
Ross Stores Inc (ROST) Q4 2023
- EPS: BEAT – Reported at $1.82 vs. expectations of $1.65.
- Revenue: BEAT – Reported at $6.02 billion vs. expectations of $5.81 billion.
- Dividend Increase: Raised quarterly dividend by 10% to $0.3675 per share.
- Share Repurchase: Approved a new two-year $2.1 billion share repurchase authorization.
- Q1 EPS Forecast: BEAT – Expected between $1.29 and $1.35 vs. expectations of $1.27.
- FY EPS Forecast: MISSED – Expected between $5.64 and $5.89 vs. expectations of $5.92.
- Shares of Ross are trading little changed at $149.10 (vs $149.17 close)