Wall Street Today: Earnings Results Pushing Climbing Market Higher

Just past 4 pm ET the     $S&P 500 Index (.SPX.US)$ traded +0.36%, the  $Dow Jones Industrial Average (.DJI.US)$ fell 0.28%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 0.51%.

Elsewhere in the economy   $Crude Oil Futures(MAY5) (CLmain.US)$ fell to year lows on what MarketWatch called a hefty rise in last week's U.S. supplies and uncertainty surrounding tariff disputes that helped to weaken the outlook for crude demand, prompting prices to settle at their lowest levels of the year. Prices found little support from an increase in Saudi Arabia's crude prices for Asian buyers, which implied strength in crude demand from the region.

Gold and silver fell, and treasuries climbed. $Bitcoin (BTC.CC)$

$Amazon (AMZN.US)$ reported Q4 adjusted earnings of $1.86/share, vs estimates of $1.50/share, on revenue of $187.79 billion vs estimates of $187.32 billion. The firm projected lower Q1 revenue numbers than Wall Street expected, predicting $155 billion at most this quarter, while analysts wanted $158 billion.

$Trivago (TRVG.US)$ soared more than 30% Thursday after the hotel-search platform beat analyst estimates for Q4 revenues. TRVG rose as much as 30.6% to a $3.93 intraday high – its best showing since November 2023 – after reporting that it earned $0.01 in GAAP earnings per shares on $101.15 million of sales.

$Hilton Worldwide (HLT.US)$ posted an increase in fourth-quarter profit, buoyed by travel demand among leisure and business travelers. The hotel operator logged net income of $505 million, or $2.06 a share, compared to $150 million, or 57 cents a share, a year earlier.

$Ralph Lauren (RL.US)$ climbed 15% at open after the company reported an 11% increase in quarterly revenue and raised its fiscal-year outlook.   $Tapestry (TPR.US)$ soared 14% after the luxury fashion company reported a 5% increase in quarterly revenue and raised guidance Coach sold well, while Kate Spade fell.

Drugmaker   $Eli Lilly and Co (LLY.US)$ climbed after fourth-quarter earnings that beat Wall Street expectations.   $Bristol-Myers Squibb (BMY.US)$ on the other hand, fell after fourth-quarter earnings beat but forward guidance was not enough for Wall Street.

$Pinterest (PINS.US)$ reported quarterly earnings of $0.56 per share, missing analyst earnings, on $1.15 billion of revenue. The stock flew 19%. Revenue climbed 17% since last year. The firm said it expects Q1 2025 revenue in the $837- $853 million range, topping estimates calling for at least $835 million.

$Roblox (RBLX.US)$ sank 21% after the firm again posted a loss, and bookings and average daily active users rose from in a year by 21% and 19%, but still missed Wall Street forecasts. Apparently, 85 million daily players was still not enough, and in the coming year, the firm expects up to $1.15 billion in bookings, below high Wall Street Expectations.

$Philip Morris International (PM.US)$ shares rose 10% and the stock reached a record high on the company's issuance of a profit outlook that surpassed analyst expectations thanks to its smokeless-tobacco products.

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