Salesforce issues an outlook for the third quarter and fiscal year better than analysts' forecasts, Okta raises its fiscal-year outlook, and UBS reports a...
Stock futures traded mostly higher as recent economic data have spurred hopes the Federal Reserve is nearing the end of its rates-hiking cycle. Investors will be awaiting the release Thursday of the central bank’s preferred inflation gauge, the Personal Consumption Expenditures Index.Salesforce , the cloud-based enterprise software provider, reported second-quarter earnings that beat analysts’ estimates and issued an outlook for the third quarter and fiscal year that also topped forecasts.
UBS Group gained 4.2% after the Swiss bank reported a second-quarter net profit of $29 billion following the integration of Credit Suisse, the former rival that was acquired in June. Palantir Technologies declined 4.3% to $15.63 after Morgan Stanley downgraded shares of the data-analytics software company to Underweight from Equal Weight. Analysts raised the price target to $9 from $8.
Arista Networks was rising 1.8% to $190.50 after analysts at Citi upgraded the provider of data center networking hardware to Buy from Neutral and raised the price target to $220 from $177.
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