From FX Empire: 2024-05-26 09:06:00

Workday shares dropped 10% after reducing subscription revenue guidance, while Intuit fell 8.3% on weak forward guidance. Deckers Outdoor surged 11%, beating estimates, and Ross Stores added 7% on strong earnings. Economic data showed durable goods rising 0.7% in April, exceeding expectations. Nvidia gained over 9% on strong guidance and an earnings beat. Despite the rebound, market sentiment remains cautious, with inflationary pressures suggesting no rate cuts soon. Continued volatility is expected as traders monitor economic indicators and Fed policy signals.



Read more at FX Empire: Nasdaq 100, Dow Jones, S&P 500 News: Stock Markets Rebound Despite Inflation Worries