HPE Soars After Full-Year Profit Outlook Tops Estimate | Closing Bell

Summary

Closing bell recap of an eighth straight gain for the S&P 500, with broad market weakness beneath the surface. Key movers include Nvidia and ARM after a new product announcement, while oil prices surged. After-hours earnings from Hewlett Packard Enterprise soared on a beat and raised guidance, while Credo Tech fell despite a beat.

• S&P 500 extended gains to eight straight days, closing near 7600.
• Only two sectors (Technology, Energy) finished green; Utilities and Consumer Discretionary lagged.
• WTI crude rose over 5% to above $92/barrel.
• Nvidia jumped 6.3% and ARM 15.7% after new AI chip announcement.
• Qualcomm fell 8% despite similar product, Intel dropped 4.6%.
• MGM Resorts surged 16% on Barry Diller's buyout offer.
• AMC Entertainment rose 22.5% on record box office weekend.
• Hewlett Packard Enterprise jumped 24% after hours on revenue beat and sharply higher guidance.