Take a look at the businesses making the most important strikes noon: Newmont , Freeport-McMoRan — The metals miners dropped 9.6% and seven.6%, respectively, as gold and silver faltered from report ranges. The strikes come after President Donald Trump picked Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, easing fears that the central financial institution would lose independence. Apple — Shares fell 1.3% even after after the corporate posted blowout fiscal first-quarter outcomes , with notably sturdy income from its iPhone 17 fashions launched in September. Apple earned $2.84 per share for the quarter, larger than the $2.67 per share anticipated by analysts surveyed by LSEG. Income got here out at $143.76 billion, considerably exceeding analysts’ expectation of $138.48 billion. Total iPhone income surged 23% on an annual foundation to $85.27 billion in income. Chevron — The oil large posted fourth-quarter earnings that topped analyst expectations due to report oil manufacturing . The corporate earned an adjusted $1.52 per share, beating an LSEG consensus of $1.45 per share. Shares rose greater than 1%. Sandisk — The information storage gadget producer shared strong steerage, main the inventory to pop 10%. Sandisk sees fiscal third-quarter adjusted earnings starting from $12 to $14 per share, versus the FactSet consensus for $5.11 per share. Second-quarter outcomes additionally beat Wall Road estimates on the highest and backside strains. Visa — Shares of the monetary large slipped 2.6% regardless of sturdy fiscal first-quarter outcomes. Visa earned $3.17 per share, on an adjusted foundation, on income of $10.9 billion due to a bounce in cross-border funds and funds quantity. That got here out larger than the $3.14 in earnings per share and $10.69 billion estimate from analysts polled by LSEG. Deckers Outside — The maker of Ugg Boots and Hoka sneakers noticed shares surge 16.1% after issuing a 2026 outlook that surpassed Wall Road’s estimates. Deckers sees earnings for the interval starting from $6.80 to $6.85 per share on income of $5.4 billion to $5.43 billion. Analysts polled by LSEG had been on the lookout for $6.40 per share and $5.37 billion. Stryker — The medical gear firm climbed 3.2% after fourth-quarter outcomes beat estimates. Stryker reported adjusted earnings of $4.47 per share, in comparison with the FactSet consensus of $4.40 per share. Income of $7.17 billion beat analysts’ name for $7.12 billion. KLA Corp . — The semiconductor gear maker fell greater than 13.4% after saying fiscal third-quarter earnings excluding one-time objects would vary between $8.30 and $9.86 per share, towards the LSEG consensus estimate of $8.80. KLA pegged Q3 income at $3.2 billion to $3.5 billion versus the Road’s $3.25 billion. Verizon — Shares moved 9% larger following Verizon’s high and backside line beat for its fourth quarter. The corporate reported adjusted earnings of $1.09 per share, versus the $1.05 a share anticipated from analysts polled by LSEG. Income got here in at $36.38 billion, topping the $36.06 billion consensus estimate. Its full-year adjusted EPS steerage additionally beat expectations. Exxon Mobil — The oil main’s inventory slipped 1.5% though the corporate topped Wall Road’s fourth-quarter estimates . Decrease oil costs resulted in falling income and earnings. Exxon earned $1.71 per share on an adjusted foundation on income of $82.31 billion. Analysts surveyed by LSEG predicted it will earn $1.68 per share on income of $81.43 billion. — CNBC’s Darla Mercado, Pia Singh, Michelle Fox, Christina Cheddar-Berk and Scott Schnipper contributed reporting.
