U.S. stocks are nearing their record highs with the S&P 500 up 0.1%, marking its fourth winning week in the last five. Deckers shares surged 16.6% after surpassing profit expectations, especially noting a 50% revenue hike internationally. Edwards Lifesciences gained 8% following a solid quarter, projecting high-end profits for the year. Conversely, Intel's stock plummeted 8.8% after reporting a loss, with plans for job cuts amidst intense competition and declining demand in its sector. Market optimism remains strong as potential trade deal announcements loom.
U.S. stocks remained near record levels, with the S&P 500 gaining 0.1% and on track for its fourth winning week in five, driven by strong corporate earnings.
Deckers reported a 16.6% jump in stock, exceeding profit and revenue forecasts, indicating robust international growth, particularly a 50% rise outside the U.S.
Edwards Lifesciences stock rose 8% after surpassing Wall Street's profit expectations. It anticipates full-year profits at the high end of its projections.
Intel shares fell 8.8% after announcing a loss for the latest quarter. The company plans to cut jobs and expenses to recover from declining market position.
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