BJ's Wholesale's shares increased slightly after the company reported earnings of $1.36 per share on revenue of $6.09 billion, surpassing analyst expectations of $1.17 per share on $5.97 billion in revenue. The company also raised its earnings per share guidance for the fiscal year to between $4.60 and $4.80, up from a previous range of $4.40 to $4.60.
Ross Stores saw its shares rise over 8% in premarket trading after exceeding second-quarter earnings expectations and providing a third-quarter earnings outlook that also outperformed estimates.
In the cryptocurrency sector, stocks like Robinhood and Coinbase gained at least 4.5% as Bitcoin's price increased, driven by a more than 20% rise for the week, following a meeting at the White House where crypto leaders discussed the Clarity Act aimed at establishing clearer regulatory frameworks.
Additionally, Broadcom's shares rose over 1% after reports indicated the semiconductor company plans to raise over $60 billion in debt to support its acquisition of Anthropic