Corporate results:

  • Nvidia's shares soared by 30% after the publication of much better-than-expectd quarterly forecasts.
  • Snowflake: The share price fell 13% after disappointing results.
  • Medtronic reported lower-than-expected full-year earnings on Thursday as the medical equipment supplier expects the rising dollar to continue to impact its sales in international markets.
  • Best Buy reported a better-than-expected quarterly profit on the back of successful promotional campaigns. The stock gained 5% in pre-market trading.
  • American Eagle Outfitters fell 20% in premarket trading after cutting its full-year revenue forecast as demand for non-essential goods slows with inflation still high.

In other news:

  • Microsoft appeals against the UK's veto of Activision Blizzard purchase.
  • PTC Therapeutics collapsed on the stock market yesterday, following the failure of a clinical study.
  • Verizon held a meeting with its customer service employees to inform them of upcoming "restructuring" and "streamlining" measures that will likely result in numerous layoffs, The Verge reported Wednesday.
  • Ericsson gets favorable ruling in lawsuit brought by US investor.
  • Straumann acquires Galvosurge.
  • Illumina - Activist investor Carl Icahn is on track to win enough support from Illumina shareholders to put at least one of his three nominees on the board of the gene sequencing biotech, two people close to the matter said Wednesday.
  • SEC investigates insider trading at First Republic before the bank's collapse.
  • Stratasys is in talks to buy Desktop Metal 3D printer, according to Bloomberg.
  • Chemring appoints new CFO.
  • Today's main earnings reports: Costco, Royal Bank of Canada, Medtronic, Netease, Autodesk, Generali, Johnson Matthey... The full earnings calendar is here.