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Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...

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Wall Street Leans Toward Gains, Disney Tumbles After Posting Second-Quarter Loss



Wall Street experienced a seesaw of gains and losses before the opening bell today, as more corporate earnings reports arrived during what is otherwise expected to be a relatively quiet week. Here are the key highlights:

  1. Futures for the S&P 500 and the Dow Jones Industrial Average rose slightly, each gaining less than 0.1%. However, Disney faced a significant tumble of more than 6% in premarket trading after posting a second-quarter loss. The decline was primarily due to restructuring costs and other charges. Despite these challenges, when adjusted for those costs, Disney managed to beat Wall Street’s per-share profit expectations, although it fell short of sales targets.

  2. Tesla, another notable player, dipped slightly after federal highway safety investigators requested information about the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot partially automated driving system. The U.S. National Highway Traffic Safety Administration reported 20 crashes since the remedy—an online software update—was sent out in December. Tesla’s shares were down 1.8% before the bell and have fallen more than 25% this year.

  3. Corporate Earnings: This week is relatively quiet since the bulk of companies in the S&P 500 have already reported their earnings for the first three months of the year. More than three-quarters of them have exceeded profit expectations, according to FactSet. Corporate profit reports have been better than expected not only in the United States but also in Europe and Japan. Global earnings growth is on track for a second straight quarter of growth following four consecutive declines.

  4. Market Swings: The U.S. stock market has been oscillating between gains and losses since setting a record at the end of March. It initially sank due to fears that stubbornly high inflation would prevent or at least delay the Federal Reserve from delivering the interest rate cuts that Wall Street desired. However, it rebounded last week following a cooler-than-expected jobs report, suggesting that the U.S. economy was strong enough to avoid a severe recession without stoking inflation.

  5. Interest Rate Expectations: Traders are currently betting on a nearly 89% chance that the Fed will cut its main interest rate at least once before the end of the year, up from an 81.6% probability seen a week earlier. Lower rates would help ease the pressure on the economy and financial system.

  6. Global Markets: In Europe, Britain’s FTSE 100 surged 1%, Germany’s DAX rose 0.6%, and the CAC 40 in Paris rose 0.4%. Meanwhile, in Asian trading, Tokyo’s Nikkei 225 jumped 1.6% to 38,835.10.

In summary, while Wall Street remains cautious, the overall outlook for corporate earnings and global markets appears positive, despite occasional turbulence. Investors continue to monitor economic indicators and central bank actions closely. 



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