WS #12937
Multiple companies (BE, F, STX, V, CAKE, CHE, HIW, SLDE, VRNS) reported significant earnings beats and raised guidance, signaling broad-based economic strength. Dow surged 530+ points while Nasdaq fell as chip stocks (KLAC, NXPI, GLW) extended selloff, indicating a rotation out of AI/tech into value and cyclicals.
Earnings Season: Strong Beats and Guidance Raises
Multiple companies (BE, F, STX, V, CAKE, CHE, HIW, SLDE, VRNS) reported significant earnings beats and raised guidance, signaling broad-based economic strength.
Dow surged 530+ points while Nasdaq fell as chip stocks (KLAC, NXPI, GLW) extended selloff, indicating a rotation out of AI/tech into value and cyclicals.