- Reuters
Tyson Foods beats profit estimates on cost control efforts, sales slip
Shares of the Springdale, Arkansas-based company rose 3.5% in premarket trade, after gaining more than 15% for the year so far. Tyson's second-quarter net sales fell 0.5% to $13.07 billion, compared with estimates of $13.16 billion. Tyson, the maker of Ball Park hotdogs, said it continues to expect total sales to be flat in fiscal 2024, compared with the previous year's $52.88 billion.
- Investor's Business Daily
Dow Jones Futures Rise; Palantir, AI Plays On Tap After Stock Market, Nvidia Make Bullish Moves
The market rally made a bullish move, with Nvidia flashing a buy signal. Palantir leads five AI stocks near buy points with earnings due.
- Reuters
FOREX-Dollar soft on renewed Fed rate cut bets; yen on back foot
The dollar was a touch lower on Monday as a soft U.S. jobs report on Friday boosted wagers that the Federal Reserve may still cut rates multiple times this year, while the yen turned lower after last week's suspected intervention. The yen last week clocked its strongest weekly gain since early December 2022 following two bouts of suspected intervention from Tokyo to pull the currency away from a 34-year low of 160.245 per dollar. On Monday, the yen was lower, slipping 0.5% to 153.74 per dollar.
