Flash News

TREE NEWS update: Microsoft has reaffirmed its fiscal fourth-quarter Azure revenue outlook at $29.42 billion, aligning with prior guidance. The statement was made in an official announcement, confirming the company’s cloud segment performance expectations.

TREE NEWS reports: Snowflake shares surged over 22% in after-hours trading following a quarterly report described as “healthy,” with momentum in AI coding. The strong performance signals robust demand for the company’s data cloud platform and its AI-driven product initiatives.

TREE NEWS update: US Commerce Secretary Howard Lutnick announced that G20 member nations have reached a consensus on principles for science and technology. The agreement, disclosed on [date], aims to foster international cooperation in these fields. Details of the principles were not immediately disclosed.

TREE NEWS reports: On Wednesday, gold ETFs closed up 1.52%, while Russell 2000 ETFs rose 1.18% and yen long ETFs gained 0.93%. Emerging market ETFs added 0.57%, and Dow, S&P 500, convertible bond, Brent oil, and long-term Treasury ETFs gained up to 0.54%. Euro long ETFs fell 0.03%, dollar index long ETFs dropped 0.14%, and real estate ETFs declined 0.54%.

TREE NEWS update: Canadian Prime Minister Mark Carney has invited BlackRock CEO Larry Fink and Gray to attend Canada’s investment summit. The summit aims to attract global investors to bolster Canada’s economy amid trade tensions with the US. Details on the agenda and date were not disclosed.

TREE NEWS update: Reserve Bank of New Zealand Assistant Governor Karen Silk said inflation excluding fuel remains “uncomfortably high,” signaling persistent price pressures. The remarks suggest the central bank may maintain a cautious stance on rate cuts. Markets will watch for further policy signals amid sticky core inflation.

TREE NEWS reports: Broadcom (AVGO) reported fiscal Q3 adjusted net revenue of $29.59 billion, beating the $29.45 billion estimate, with semiconductor solutions revenue at $20.84 billion and AI semiconductor revenue at $16.7 billion, both above expectations. However, the company guided Q4 revenue to approximately $34.8 billion, below the $35.05 billion consensus, sending shares down 4% in after-hours trading.

TREE NEWS reports: On Wednesday, September 2, most US sector ETFs rose, with regional banks up 2.23%, banking ETFs up 2.09%, global airlines up 1.58%, biotech up 1.41%, semiconductors up 0.96%, global tech up 0.27%, and internet up 0.09%. Tech sector ETF fell 0.02%.

TREE NEWS update: The G20 released a joint statement urging member states to each develop their own artificial intelligence policies. The statement emphasizes investing in basic research to achieve technological breakthroughs and maintaining national sovereignty when developing emerging technologies.

TREE NEWS update: New Zealand Reserve Bank Governor Anna Breman said that a gradual withdrawal of stimulus policy is appropriate. Her remarks signal a cautious approach to tightening monetary conditions as the central bank assesses economic data.

TREE NEWS reports: Snowflake’s stock surged 18% in after-hours trading on Wednesday. The move follows the company’s latest earnings report, which showed stronger-than-expected revenue growth. Investors reacted positively to the cloud data platform’s performance and outlook.

TREE NEWS reports: C3.ai reported fiscal first-quarter revenue of $52.4 million, slightly above analyst expectations of $52.3 million. The company maintained its full-year revenue forecast of $210-$240 million, versus consensus of $227.2 million. For the second quarter, it guided revenue of $51-$55 million, below the $56.8 million analysts had projected.

TREE NEWS reports: Hewlett Packard Enterprise (HPE) reported fiscal third-quarter net revenue of $12.21 billion, beating analyst expectations of $11.9 billion. The company raised its full-year adjusted EPS guidance to $3.75-$3.85, up from its prior forecast of $3.35-$3.45.

TREE NEWS reports: Among the S&P 500’s 11 sectors, materials rose 1.54%, telecom gained 1.16%, information technology/tech added 0.33%, energy edged up 0.32%, while real estate fell 0.79%.

TREE NEWS reports: On Wednesday, September 2, the Bloomberg Electric Vehicle Price Return Index dropped 1.65% to 3,385.97 points. The index opened lower in the Asia-Pacific session and declined sharply between 08:00 and 10:00 Beijing time, before gradually recovering slightly in a sustained low-level range.

TREE NEWS reports: Palo Alto Networks (PANW) fell 9.3% in trading, marking its worst single-day performance in more than two years. The decline follows the company’s latest earnings report, which showed slowing billings growth. Investors reacted negatively to the guidance, sending shares down sharply.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed roughly flat in preliminary trading. Among popular Chinese ADRs, Canadian Solar rose 5.5%, Meituan gained 4.4%, Xiaomi added 2.2%, while Alibaba and ASE fell 0.9%. ETFs CQQQ dipped 0.1% and KWEB edged up 0.1%.

TREE NEWS reports: The S&P 500 closed preliminarily up 0.4%, with materials and telecom sectors each gaining over 1%, while tech and energy rose about 0.3%. Real estate fell 0.8%. The Nasdaq 100 gained 0.2% preliminarily, led by Alnylam’s 8.4% jump and PayPal’s 4.2% rise, but Palantir and Datadog dropped up to 9.2%.

TREE NEWS reports: At New York close Wednesday (Sept 2), the Bloomberg Grains Subindex fell 0.74% to 35.6390, hovering near 35.40 after a brief rebound post-US equity open. CBOT corn futures dropped 0.64%, wheat 0.99%, soybeans 0.84% to $13.0875/bushel, with soybean meal down 0.91% and oil down 2.33%. Lean hogs rose 0.18%, while live cattle fell 0.97% and feeder cattle 0.13%.