Wall Street Today: Give Jerome More Time, He Says He's Got This

Just past 4 pm ET the     $S&P 500 Index (.SPX.US)$ fell 0.27%, the         $Dow Jones Industrial Average (.DJI.US)$fell 0.50%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed just 0.03%.

Elsewhere in the economy,   $Crude Oil Futures(MAY5) (CLmain.US)$ fell 2.7% from a three-day winning streak after oil delivery numbers showed firms stocked 9 million barrels, twice more than expected by the EIA.

Gold also fell back from a recent high right below $3,000/troy ounce Tuesday. Treasuries climbed,   $Bitcoin (BTC.CC)$ climbed to $97,000.

$Super Micro Computer (SMCI.US)$ was climbing 8% before pulling back to +2%, after the troubled firm announced unconfirmed financial results from its Q2 2025 period ending in Dec., showing an estimated sales range below estimates of $5.8 billion, and earnings per share ten cents below estimates. These results are not 100% real- they are 'provisional.' The firm has not released audited SEC of Nasdaq-compliant results since June 2024, shortly after its auditor quit, and it has been up for expulsion from trading exchanges.

$Alibaba (BABA.US)$ stock climbed 4% after a WSJ report the firm could count on   $Apple (AAPL.US)$ as a partner to roll out AI in China.

$Upstart (UPST.US)$ started to climb up 31% after reporting earnings,   $Lyft Inc (LYFT.US)$ fell 6% following low 1st quarter guidance, and   $CVS Health (CVS.US)$ climbed 15% after its Wednesday report was above Wall Street expectations.

$Cisco (CSCO.US)$ climbed 6% after the firm reported Q2 '25 adjusted EPS of $0.94 which beat estimates of $0.91. The firm's sales came in high, too, $13.991 billion vs. estimates of $13.874 billion.

Speaking of Trump's sidekick, Musk's   $Tesla (TSLA.US)$ climbed 2% after falling 16% for the past week- according to Barron's, investors are worried Musk is distracted hacking government programs and trying to buy OpenAI for billions of dollars- cash that would come directly from holding in TSLA.

$Reddit (RDDT.US)$ falls 10.8% after the firm posted Q4 earnings results above estimates but said it lost $484 million for the fiscal year. Basic EPS was $0.40/share, with revenue of $427.7 million, vs. estimates of $405 million.

$Cisco (CSCO.US)$ climbed 6% after the firm reported Q2 '25 adjusted EPS of $0.94 which beat estimates of $0.91. The firm's sales came in high too, $13.991 billion vs. estimates of $13.874 billion.

$Applovin (APP.US)$ shares jumped 13.6% in extended trading after the marketing platform gave a better-than-expected outlook, while fourth-quarter results beat analysts' estimates.

$The Trade Desk (TTD.US)$ shares are off 25% after the company reported its quarterly earnings surpassed estimates but sales had a miss.

$MGM Resorts International (MGM.US)$ reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.30 by 50%. This is a 57.55% decrease over earnings of $1.06 per share from the same period last year.

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