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DraftKings and Flutter Entertainment gained up to 10% and 8% respectively after a Ninth Circuit Court ruling classified sports prediction market contracts as gambling rather than federally regulated financial derivatives.
Hewlett Packard Enterprise raised its fiscal 2027 outlook to 13%–17% revenue growth and 16%–20% EPS growth, citing surging demand for AI networking products and strong order momentum across its business segments.
Affirm Holdings’ CEO noted that elevated gas prices are affecting U.S. consumer spending, though the buy-now-pay-later firm reported strong fiscal fourth-quarter earnings that beat analyst expectations.
Retailers have handled tariff refunds differently since receiving payments following a Supreme Court ruling in February, with some cutting prices while others boosted earnings and margins.
LIV Golf filed for Chapter 11 bankruptcy protection as the Saudi-backed golf league faces funding constraints and pursues a player-majority ownership restructuring with creditor support.
Stock market valuations have reached extreme levels during President Trump’s second term, with the S&P 500’s Shiller P/E Ratio at 41.41, approaching historical highs and suggesting potential vulnerability to a significant correction.
