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  • Business
    Yahoo Finance

    Stock market today: Nasdaq surges 2% as Big Tech leads rally after earnings

    Stellar earnings from the 'Magnificent Seven' duo have reignited optimism for a rally, but the PCE inflation print could put a spoke in the wheel.

  • Business
    Yahoo Finance Video

    Saia stock sinks on Q1 earnings miss

    Shares of Saia (SAIA) plunged on Friday after reporting first quarter earnings that missed on both the top and bottom lines. The less-than-truckload services company's CEO Fritz Holzgrefe said in the release, "March trends improved a bit from February, but we did not experience the expected seasonal step-up." Yahoo Finance's Julie Hyman and Jared Blikre explain why the stock is selling off so sharply. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

  • Business
    Reuters

    S&P 500 Q1 earnings estimated growth improves; stocks up for week

    U.S. first-quarter estimated earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost to stocks this week after recent weakness. S&P 500 year-over-year earnings growth for the first quarter of 2024 is now seen at 5.6%, according to LSEG data on Friday. The latest estimate is based on results from 229 of the S&P 500 companies and forecasts for the rest, with about 78% of reports beating analysts' earnings expectations.

  • Politics
    The Canadian Press

    A California bill aiming to ban confidentiality agreements when negotiating legislation fails

    SACRAMENTO, Calif. (AP) — A bill that sought to ban the use of confidentiality agreements when negotiating potential laws in California has failed to pass a state legislative committee. The proposal by Republican Assemblymember Vince Fong failed to get enough votes to pass out of the Assembly Elections Committee on Thursday. Two Republicans voted for the bill while Democratic Assemblymember Gail Pellerin, the committee chair, voted against it. Five other Democrats on the committee did not vote.