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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Sep 05, 2024

Page

8

Broadcom Earnings Seen Atop Street Despite AI Rally

Broadcom Corp reports after market close with expectations of 1.21 dollars per share on 13 billion dollars in revenue. Analysts note a strong year to date stock rise as AI enthusiasm boosts chipmakers. Freddie Mac shows 30-year mortgage averaging 6.35 percent, lowest in over a year, cooling buyer optimism but easing rates support buyers.

Broadcom Freddie Mac At&t Inc T Alphabet Inc Amazon.com Inc AMZN Anheuser-Busch InBev Bac Asset Entities Inc Asst Atmos Energy Ato Bank of America Bac Berry Plastics Gro Bery Black Hills Corp Bkh Boeing Co BA Capitol Federal Cffn Colgate-Palmolive Cmrce Bnesh MO Cbsh Energy Inc EVRG Ford Motor F Garmin Ltd Grmn Gen Dynamics GD General Motors Co GM Goodyear GT ICL ICL Group Ltd Intel Corp Intc Kohls Corp KSS Kroger Co KR LogicMark Inc Lgmk Merck & Co Mrk Mullen Automotive Muln Natl Bank Hidgs Corp NBHC Nvidia Corporation NDA Schlumberger Ltd Slb Seabord Cp Smucker JM Sjm Spirit Aerosystems Spr Summit Wireless Tech Wisa T-Mobile US Inc TMUS Target Corp Tgt WalMart Strs

Stocks Slip as Tech and Energy Weigh on Market

Wall Street traded lower with the S&P 500 down 0.2 and the Nasdaq down 0.3 while the Dow edged up 0.1. Technology and energy sectors led declines after Zscaler issued a softer earnings forecast, closing near 157.13 with an 18.7 percent drop from the prior session.

Wall Street Zscaler

Spam Maker Hormel Forecast Trim Cuts Revenue View

Hormel Foods Corp. HRL shares fell to 31.01 after a 2.13 drop or 6.4 percent as the Spam and Dinty Moore stew maker trimmed its annual revenue forecast. The move reflected cautious outlook for the year.

Hormel Foods Corp

State revenue rises as August receipts exceed forecast

Revenue combined retail sales tax receipts reach 294 million in August, up 12.6 million or 4.5 percent from the estimate and 2.2 million or 0.7 percent higher than August 2023. Speaker Dan Hawkins of Wichita calls for property tax reform in 2025, saying tax relief is needed and feasible. Tim Carpenter reports for Kansas Reflector.

Dan Hawkins Wichita House Senate Hawkins

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