Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service.Entertainmentread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
Check out the companies making headlines after the bell:
RH shares dropped more than 4 percent after initially rising 6.5 percent during after-hours trading following the release of its second-quarter results. RH missed revenues estimates by $20 million, reporting sales of $641 million versus the $661 million expected by Wall Street.
However, it beat earnings estimates by 74 cents for the quarter, reporting earnings of $2.49 per share versus the $1.75 per share expected by analysts. The earnings beat can be attributed in part to the record margins that the company said it achieved for its second quarter. The home furnishings chain also raised its earnings forecast for the next two quarters and the fiscal year.
Caleres shares plunged more than 11 percent in the extended session after the company missed on earnings and revenue for its most recent quarter. The footwear company reported earnings of 59 cents per share and revenues of $707 million. Wall Street expected it to report earnings of 60 cents per share and revenues of $709 million. The Payless owner also reported a lower-than-expected increase in comparable sales for Famous Footwear, one of its brands.
Workday's stock dipped nearly 3 percent during the extended session despite the release of strong second-quarter results. The software vendor earned 31 cents per share, 5 cents up from Wall Street estimates of 26 cents per share. It also reported revenues of $672 million versus the $663 million expected by analysts.
Additionally, Workday raised its forecast on subscription revenues for the third quarter and the 2019 fiscal year.
Coupa Software shares jumped more than 12 percent in after-hours trading following a second-quarter earnings beat. Analysts expected the company to report a loss of 9 cents, but the company reported earnings of 5 cents. The tech company also beat estimates for sales, reporting revenues of $61.7 million versus the $56.6 million estimated by Wall Street.