Home Depot's shares increased by 0.6% after reporting earnings of $3.43 per share, surpassing analysts' expectations of $3.41, alongside revenue of $41.77 billion, which also exceeded the forecast of $41.52 billion.
Amer Sports saw a 2.9% rise in its stock following a strong first quarter, with earnings of 38 cents per share beating the consensus estimate of 31 cents, and revenue of $1.95 billion exceeding the expected $1.84 billion. Blackstone and Alphabet both gained 0.7% as Blackstone announced a $5 billion investment in a new AI infrastructure company in partnership with Google.
In contrast, chip stocks faced downward pressure, with Micron and Seagate declining by 1.7% and 3%, respectively, while Nvidia fell nearly 1%. Shake Shack's stock rose by 2.2% after insider purchases totaling approximately $3.2 million were reported. ServiceNow's shares continued to rise, adding to an 8% increase from the previous day, although they remain over 50% down from their recent peak