Here are one of the most crucial story that financiers require to begin their trading day:
1. Records maintain rolling
Stocks ticked greater Tuesday as the S&P 500 and the Nasdaq Composite closed at new records, yet again. The broad index added 0.25% while the Nasdaq rose 0.22% and the Dow climbed 0.17%. Investors are eagerly awaiting Nvidia’s earnings report on Wednesday. “People don’t [want] to miss out on participating on the print if they come out with good numbers,” said Matt Rowe, head of cross asset strategies at Nomura Private Capital. Traders will also be watching as the Federal Open Market Committee releases minutes from its last meeting in April. Follow live market updates.
2. Off target
Customers visit a Target store on May 20, 2024 in Miami, Florida.Â
Joe Raedle | Getty Images
Target missed Wall Street’s first-quarter earnings estimates on Wednesday. The retailer’s revenue was about in line with expectations, but its sales fell about 3% year over year. Customers, fatigued from high prices, bought fewer discretionary items and groceries. CEO Brian Cornell told reporters that the company is focusing on offering value. Earlier this week, Target announced it was cutting prices for roughly 5,000 items, including staples like milk, bread, paper towels and diapers.
3. Not so magical
The Pixar logo at the main gate of Pixar Animation Studiosin Emeryville, California.
Getty Images
4. Adding to the ads
Google CEO Sundar Pichai takes to the stage at the Google I/O developer conference.Â
Picture Alliance | Picture Alliance | Getty Images
Google has announced it’s allowing advertisers to promote with style, giving them the ability to use generative AI to create and use 3D images in their ads. With these new tools, advertisers will be able to use what the company calls a “visual brand profile” in the search engine, enabling “richer results” for searches of a particular brand or retailer. The company said brands can incorporate product videos and summaries as well. The announcement comes a week after Google announced plans to prioritize what it dubs “AI Overview” in its search results page, a feature that uses artificial intelligence to summarize information and present it at the top of the page.
5. Food for weight loss
Vital Pursuit’s Garlic Herb Grilled Chicken Bowl
Source: Nestle North America
â CNBC’s Hakyung Kim, Melissa Repko, Sarah Whitten, Jennifer Elias and Amelia Lucas contributed to this report.
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