Risk-on sentiment dominated Wall Street on Wednesday, as upbeat earnings reports and conciliatory messages from the Trump administration helped lift investor confidence.
U.S. equities are pushing higher for a third straight session, eyeing the longest winning streak since the Trump tariff announcement on April 2, as optimism over corporate earnings and easing trade tensions boosts risk sentiment.
Chipotle announced that it will open a location in Mexico by early 2026 in partnership with Alsea, S.A.B. de C.V., a restaurant operator in Latin America and Europe.
The agreement was signed by Saudi Aramco Technologies Company (SATC), a wholly owned subsidiary of Aramco, and aims to leverage the research and development teams of both companies.
Raymond James analyst Josh Beck outlined near-term headwinds that could impact Amazon’s topline, underscoring that Wall Street is currently underestimating the pressure caused by tariffs and an uneven macroeconomic environment.
Piper Sandler cut its price target on Nvidia to $150 from $175, citing the surprise nature of the charge and the reduced outlook for data center products shipped to China.
After having cut its oil forecasts twice in less than a week, analysts at the Goldman Sachs Group Inc (NYSE: GS) cut their annual forecasts for Brent and West Texas Intermediate Crude for 2025 and 2026 yet again, warning of a worst-case scenario involving a tariff-driven global recession and higher supply by the OPEC+ nations.
Raymond James said the company’s wireless growth and free cash flow ramp will attract investors, while Citi views that the stock valuation has partly factored in improvement in fundamentals.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 15% in the pre-market session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
