Keep pulling the thread on Wayfair Earnings Miss.
John Ternus is scheduled to become the CEO of Apple in September.
Shares of Alphabet increased by 10%, marking their largest single-day gain in over a year.
U.S. initial unemployment claims fell to 189,000 for the last week, the lowest level since 1969.
Investors have reportedly placed approximately $96 billion in orders for Meta's $25 billion investment-grade bond sale.
Meta's shares experienced their largest decline in six months due to investor concerns that its investments in AI may not generate sufficient returns.
Federal Reserve Chair Jerome Powell stated he will remain a member of the Fed's Board of Governors until the Department of Justice completes its investigation into the bank.
At least three voting members of the Federal Open Market Committee believe there is a significant risk of rapidly rising inflation that necessitates an interest rate increase.
Marianne Bartels predicts the S&P 500 will reach a target range of 10,000 to 13,000 by 2029-2030.
European Central Bank policymakers are expected to raise interest rates at their June meeting unless there is a significant improvement in energy prices and a resolution to the conflict in Iran.
Wayfair issued second-quarter guidance expecting year-over-year revenue growth in the mid-single digits percentage range.
Wayfair provided second-quarter guidance for gross margins to be between 29.5% and 30.5%.
Wayfair reported a 7.4% increase in net revenue for the first quarter.