Ultime notizie per Accenture (NYSE:ACN) Azioni

Accenture

Accenture is a leading global IT services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

Prague,cz,-27,April,2023:,Logo,On,Accenture,Headquarters,In,Prague.

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Mentre i mercati si preparano a una nuova giornata di scambi, gli investitori sono in attesa di importanti trimestrali. Ecco i punti focali.

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German industrial major&nbsp;Siemens AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SIEGY#OTC">SIEGY</a>) and Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) are deepening their partnership with a fresh initiative focused on accelerating digital <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44554843/new-accenture-siemens-business-group-to-reinvent-engineering-and-manufacturing-for-clients" rel="noreferrer noopener">innovation in manufacturing and engineering.</a>
The companies introduced the Accenture Siemens Business Group, a dedicated unit comprising 7,000 specialists. This team will integrate automation, industrial AI, and Siemens&#8217; Xcelerator software suite with Accenture&#8217;s strengths in data analytics and artificial intelligence.
The newly formed business group will develop solutions tailored for sectors including aerospace, automotive, electronics, industrial machinery, and semiconductors.
The primary objective is to aid engineering services by boosting R&amp;D models and setting up global engineering centers to speed up the creation of software-driven products.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44393734/siemens-to-slash-6000-jobs-as-demand-slows-in-germany-and-china" rel="noreferrer noopener">Siemens To Slash 6,000 Jobs As Demand Slows In Germany And China</a>
Furthermore, it will promote wider adoption of Model-Based Systems Engineering (MBSE) and facilitate the implementation of software-defined vehicle (SDV) frameworks for the automotive industry.
&#8220;By strengthening our partnership, we combine the unique capabilities of two market leaders: Siemens&#8217; technology, access to data and deep domain knowledge in software, automation and industrial AI with Accenture&#8217;s power to apply data and AI in engineering and manufacturing,&#8221; said President and CEO of Siemens, Roland Busch.
Accenture&#8217;s Industry X digital engineering solutions will be instrumental in driving AI-enhanced engineering advancements.
This involves developing specialized AI agents for simulation and robotics. Generative AI agents integrated into Siemens NX software will streamline industrial workflows by automatically assessing the feasibility and cost implications of design changes.
Manufacturing services under the initiative will help companies deploy and refine manufacturing execution systems, improving real-time tracking and control of operations.
By applying IT methodologies, the group will enhance AI-powered shopfloor automation and cybersecurity protections for critical systems, leveraging Accenture&#8217;s Managed Extended Detection and Response (MxDR) platform.
Price Action: ACN shares traded higher by 0.72% at $306.52 at last check Monday.
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Photo via Shutterstock.

Equities

General

SIEGY

Siemens, Accenture Deepen Alliance With New Business Group Targeting AI-Driven Engineering

<ul>
<li>Dedicated business practice expands long-standing alliance to drive development of software-defined products and factories at scale across industry</li>
<li>Companies plan to scale new group to 7,000 professionals to combine leading industrial technology with AI-powered engineering and manufacturing capabilities</li>
<li>Partners have driven digital transformation for clients including KION Group and Navantia</li>
</ul>

Accenture Siemens Business Group Debuts With 7,000 Professionals To Power AI-Driven Engineering And Software-Defined Manufacturing

ACN climbs throughout the session and closes at high for the day
<figure class="wp-block-image size-large"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/21201116/Screenshot-2025-03-21-at-4.08.46%E2%80%AFPM-1024x928.png" alt="" class="wp-image-8551" /></figure>
Accenture plc (ACN) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions.&nbsp;
Today, at 10:29 AM on March 21st, a significant trading signal occurred for Accenture plc (ACN) as it demonstrated a Power Inflow at a price of $297.62. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Accenture&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Accenture&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for ACN <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like&nbsp; &nbsp; <a href="https://www.tradepulse.net">https://www.tradepulse.net</a>&nbsp; which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $297.62. The returns on the High price ($305.58) and Close price ($305.32) after the Power Inflow were respectively 2.7% and 2.6%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were almost the same but that is not always the case
Past Performance is Not Indicative of Future Results

Technicals

Signals

Accenture Shares Rise Over 2.5% After Key Signal

Barclays analyst Ramsey El-Assal maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Overweight and lowers the price target from $415 to $390.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Accenture, Lowers Price Target to $390

Danny Moses, renowned for his accurate prediction of the 2008 financial crisis, has voiced concerns over the economic impact of recent federal job cuts.
What Happened: The founder of Moses Ventures cautioned that the market has not fully considered the economic repercussions of the job cuts initiated by the Department of Government Efficiency (DOGE), a move supported by Elon Musk.
Moses expressed concerns about the negative effects on the economy, stating, &#8220;We're hurting the revenue side of the equation.&#8221;
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Under President Donald Trump&#8216;s administration, over 24,000 federal employees have been dismissed, with an additional 75,000 opting for deferred resignation.
The cuts are part of efforts to reduce government spending, which DOGE claims to have decreased by $115 billion. However, experts question the accuracy of these savings.
Moses noted that the cuts have begun to impact major contracts, with Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) losing U.S. government contracts, causing its share price to drop by 7.3%.
The elimination of federal jobs and contracts creates an &#8220;unvirtuous cycle,&#8221; affecting both small businesses and private contractors.
The influx of former federal workers into the job market raises concerns about their ability to find new employment, particularly in sectors like tech and data science. The uncertainty surrounding tariffs, labor supply, and immigration further complicates the situation, leaving employers hesitant to make hiring decisions.
Why It Matters: Danny Moses is not new to making bold predictions. Known for his role in shorting the U.S. housing market before its crash in 2008, Moses and his colleagues at FrontPoint Partners gained fame through Michael Lewis&#8217; book, &#8220;The Big Short,&#8221; later adapted into a film.
Recently, <a href="https://www.benzinga.com/25/01/43355225/the-big-short-goes-long-men-who-predicted-housing-bubble-like-asian-stocks-gold">Moses and his peers</a> have shifted their focus to long positions, particularly in Asian stocks and gold.
Meanwhile, <a href="https://www.benzinga.com/markets/emerging-markets/25/01/42933234/michael-burrys-hedge-fund-could-soar-if-china-cuts-interest-rates-in-2025">Michael Burry</a>, another &#8220;Big Short&#8221; alum, is betting on Chinese tech companies, anticipating potential gains if China cuts interest rates.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

Politics

Economics

Big Short Investor Danny Moses Warns Of Economic Risks From Elon Musk's DOGE-Induced Federal Job Cuts

Goldman Sachs analyst James Schneider reiterated the Buy rating on Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), lowering the price forecast to $415 from $430.
The tech behemoth reported second-quarter 2025 earnings of $2.82 per share, <a target="_blank" href="https://www.benzinga.com/25/03/44415440/accenture-q2-fy2025-earnings-almost-inline-with-expectations-new-bookings-fall-to-209-billion-tightens-annual-sales-growth-forecast" rel="noreferrer noopener">slightly above&nbsp;the consensus of $2.81.</a>
The company reported sales of $16.66 billion, almost in line with the consensus of $16.62 billion and management&nbsp;<a target="_blank" href="https://www.benzinga.com/24/12/42586612/accenture-delivers-q1-revenue-growth-bolstered-by-consulting-and-managed-services" rel="noreferrer noopener">guidance of $16.2 billion–$16.8 billion</a>.
Schneider highlights that Accenture's results are slightly negative for the IT Services sector, as management's comments indicate rising uncertainty in the broader discretionary environment, though the company's underlying business is still showing gradual improvement.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44441145/planet-labs-faces-q4-losses-but-analyst-stays-bullish-with-230-million-jsat-deal-seen-as-a-game-changer" rel="noreferrer noopener">Planet Labs&#8217; Pivot To Solutions And AI Signals Long-Term Upside, Says Analyst</a>
The analyst acknowledges that some investors might be disappointed with management's cautious comments on the current demand environment, particularly given the increased uncertainty resulting from recent macroeconomic events.
However, Schneider writes that this cautious approach is warranted, given the lack of clarity among business leaders and policymakers regarding future macroeconomic outcomes.
Despite these concerns, the focus remains on Accenture's performance and the overall industry backdrop. The analyst notes that the company's increased revenue guidance is a significant positive development.
The analyst maintains a Buy rating on Accenture's stock, highlighting the strong secular tailwinds the company is poised to benefit from once cyclical challenges subside.
Furthermore, Schneider views the current stock price as an attractive entry point for investors.
Schneider explains that management has pointed to increased use of subcontractors as the primary reason for near-term margin pressure, although the company's internal utilization rate remains strong at 91%. He suggests that the company could be experiencing additional margin pressure due to the start of several significant new outsourcing contracts during the quarter.
Price Action: ACN shares are trading higher by 0.99% to $303.90&nbsp;at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/25/03/44431990/us-stocks-likely-to-open-lower-economic-conditions-dont-signal-a-downturn-say-analysts-as-they-expect-resilient-earnings-to-lift-equities" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower, But ‘Economic Conditions Don't Signal A Downturn,' Say Analysts As They Expect ‘Resilient Earnings' To Lift Equities</a></li>
</ul>
Photo: Shutterstock

Movers

Accenture's Stock Price A Prime Entry Point For Investors, Says Goldman Sachs Analyst

RBC Capital analyst Daniel Perlin maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Outperform and lowers the price target from $399 to $392.

RBC Capital Maintains Outperform on Accenture, Lowers Price Target to $392

UBS analyst Kevin Mcveigh maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Buy and lowers the price target from $455 to $387.

UBS Maintains Buy on Accenture, Lowers Price Target to $387

Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) reported better-than-expected earnings for its second <a href="https://www.benzinga.com/25/03/44415440/accenture-q2-fy2025-earnings-almost-inline-with-expectations-new-bookings-fall-to-209-billion-tightens-annual-sales-growth-forecast">quarter on Thursday</a>.
The company posted second-quarter 2025 earnings of $2.82 per share, slightly above the consensus of $2.81. The company reported sales of $16.66 billion, almost in line with the consensus of $16.62 billion and management guidance of $16.2 billion–$16.8 billion.
"The trust and confidence in our unique strengths and capabilities is reflected in 32 clients with quarterly bookings greater than $100 million and we are very pleased to have another milestone quarter in Gen AI with $1.4 billion in new bookings," commented Accenture chair and CEO Julie Sweet.
Accenture narrowed its fiscal year 2025 revenue growth outlook to 5%-7% in local currency, compared to prior guidance of 4%-7%. The company forecasts 2025 diluted earnings of $12.55-$12.79 per share compared to the consensus of $12.90.
Accenture shares fell 1.2% to trade at $297.26 on Friday.
These analysts made changes to their price targets on Accenture following earnings announcement.
<ul>
<li>Baird analyst David Koning maintained Accenture with an Outperform rating and lowered the price target from $390 to $372.</li>
<li>Guggenheim analyst Jonathan Lee maintained the stock with a Buy rating and slashed the price target from $400 to $395.</li>
</ul>

Considering buying ACN stock? Here&#8217;s what analysts think: 
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</ul>

These Analysts Lower Their Forecasts On Accenture Following Q2 Results

Guggenheim analyst Jonathan Lee maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Buy and lowers the price target from $400 to $395.

Guggenheim Maintains Buy on Accenture, Lowers Price Target to $395

Baird analyst David Koning maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Outperform and lowers the price target from $390 to $372.

Baird Maintains Outperform on Accenture, Lowers Price Target to $372

U.S. stock futures declined on Friday after tumbling in trade on Thursday. Futures of all four benchmark indices were lower in premarket trading.
While Jerome Powell&#8216;s comments on tariff-induced &#8220;transitory&#8221; inflation buoyed the market on Wednesday, the concerns about the projections of higher inflation and lower economic growth dampened the markets on Thursday.
However, the &#8220;dot plot&#8221; still projected two rate cuts in 2025, maintaining the Fed&#8217;s initial forecast.
The 10-year Treasury yield stood at 4.22%, while the two-year yield was at 3.94%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.htm">tool</a>, there is an 83.8% chance that the Federal Reserve will keep the interest rates unchanged during its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.46%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.39%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.38%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.64%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Friday. The SPY was down 0.57% to $562.24, and the QQQ declined 0.40% to $477.34, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Only energy, utilities, financials, and healthcare sectors advanced on Thursday, whereas materials, consumer staples, and information technology sectors led the decline.
Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) shares rose 6% on strong earnings, while Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) fell 7% due to lower-than-expected guidance.
U.S. jobless claims rose slightly, indicating a stable March labor market, but rising trade tensions and government spending cuts cloud the outlook. Longer unemployment durations were also noted. Philadelphia Fed manufacturing, while still expanding, slowed in March, falling to 12.5, though exceeding forecasts.
February U.S. home sales rose to 4.26 million units, exceeding forecasts, as supply increased, though economic uncertainty poses a risk. Meanwhile, the U.S. Leading Economic Index fell 0.3% in February, continuing a decline, but the six-month pace of decline slowed significantly.
As of Thursday, the Nasdaq 100 remains in correction territory, having fallen 11.45% from its prior peak. Similarly, the Dow Jones and S&amp;P 500 have dropped 6.92% and 7.88%, respectively, from their 52-week highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.33%</td>
<td>17,691.63</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.22%</td>
<td>5,662.89</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.027%</td>
<td>41,953.32</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.65%</td>
<td>2,068.63</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Analysts at BlackRock said that markets were doubting U.S. growth and equity strength. &#8220;Yet economic conditions don't signal a downturn. Resilient earnings keep us overweight U.S. stocks.&#8221;
The note added that the recent volatility was exacerbated by policy uncertainty and investors moving out of crowded positions.
According to them, &#8220;Over time, deleveraging will have run its course, and uncertainty will likely ease as we get more policy implementation details, such as the White House's full tariff plan due in April.&#8221;
&#8220;We think the biggest risk to U.S. growth is prolonged policy uncertainty. U.S. stocks could face more near-term pressure, but we stay overweight on our tactical horizon. We stay underweight long-term Treasuries as we see yields rising,&#8221; the note stated.
Louis Navellier of Navellier &amp; Associates reiterated that he expects four rate cuts in 2025. &#8220;I am anticipating global interest rates to crash due to the fact that economic growth in Asia is weak, while Britain, Canada, France, Germany, and Mexico are all in the midst of economic contractions. As a result, I am expecting that the Bank of England, the European Central Bank, and other central banks to continue to slash key interest rates, which in turn, will cause Treasury yields to decline. And since the Fed does not fight market rates, four key interest rate cuts are still on the table,&#8221; he said.
Meanwhile, Ryan Detrick of Carson Research highlighted that all bear markets start with a correction, but not all corrections turn into a bear market.
He highlighted historical data where 13 of the previous 39 corrections turned into bear markets. &#8216;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">13 of the previous 39 corrections turned into bear markets. All bears start with a correction, but not all corrections turn into a bear market. <a href="https://t.co/jyQYQTM9F5">pic.twitter.com/jyQYQTM9F5</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1902753838618071157?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
-No data is scheduled to be released on Friday this week.
Stocks In Focus:
<ul>
<li>Nio Inc. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) was down 2.55% in premarket on Friday ahead of its earnings before the opening bell. Analysts expect quarterly loss at 42 cents per share on revenue of $2.85 billion.</li>
</ul>
<ul>
<li>Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) declined 2.41% as Wall Street expects it to report earnings of 2 cents per share on revenue of $5.75 billion before the opening bell.</li>
</ul>
<ul>
<li>MINISO Group Holding Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) fell 1.39% ahead of its earnings before the opening bell. Analysts expect earnings of 38 cents per share on revenue of $698.66 million.</li>
</ul>
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) dropped 7.08% after it posted weaker-than-expected earnings for its third quarter, while sales topped estimates.</li>
</ul>
<ul>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) was 5.09% lower despite better-than-expected third-quarter earnings as its fourth-quarter outlook disappointed.</li>
</ul>
<ul>
<li>CFSB Bancorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFSB#NASDAQ">CFSB</a>) tumbled 19.39% as its short interest surged 42.1% in February to 10,800 shares, representing 1.6 days of trading volume and 0.4% of shares shorted.</li>
</ul>
<ul>
<li>FrontView REIT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FVR#NYSE">FVR</a>) surged 17.99% as it added 29 properties, completed a successful IPO, and declared a dividend, despite a net loss, generating $9.1 million, issuing positive 2025 guidance.</li>
</ul>
<ul>
<li>Luminar Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) jumped 10.67% after crushing fourth-quarter expectations. Revenue rose slightly to $22.5 million from $22.1 million a year earlier and was well above a FactSet estimate of $17.7 million.</li>
</ul>
<ul>
<li>Allurion Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NYSE">ALUR</a>) climbed 40.79% after its combined obesity treatment drug showed a significant 20.3% weight loss in initial trials.</li>
</ul>
<ul>
<li>Patriot National Bancorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) gained 51.89% after it raised over $50 million in a private placement to strengthen its capital, despite a &#8216;Fair&#8217; financial health rating.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.03% to hover around $68.05 per barrel.
The gold spot index was down by 0.35% to $3,033.93 per ounce. Its last record high was at $3,057.51 per ounce. The Dollar Index was up by 0.13% at the 103.991 level.
Asian markets closed mixed on Friday with China&#8217;s CSI 300, Hong Kong's Hang Seng, and Japan's Nikkei 225 index falling in trade. Whereas, India's S&amp;P BSE Sensex, South Korea's Kospi, and Australia's ASX 200 index advanced. European markets were lower in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44431882/jim-cramer-says-micron-looks-good-as-ceo-sanjay-mehrotra-notes-record-hbm-revenue-stock-slides-in-pre-market-trading">Jim Cramer Says &#8216;Micron Looks Good&#8217; As CEO Sanjay Mehrotra Notes Record HBM Revenue, Stock Slides In Pre-Market Trading</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Futures

Federal Reserve

ALUR

CFSB

LAZR

MNSO

PNBK

US Stocks Likely To Open Lower, But 'Economic Conditions Don't Signal A Downturn,' Say Analysts As They Expect 'Resilient Earnings' To Lift Equities

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the S&amp;P 500 falling around 0.2% during the session.
Investors digested Federal Reserve Chair Jerome Powell&#8217;s remarks on inflation and tariffs following the Federal Open Market Committee meeting on Wednesday.
Powell downplayed concerns that tariffs imposed by President Donald Trump could reignite inflation, calling their impact &#8220;transitory.&#8221; Yet, the Fed&#8217;s latest projections signaled slower economic growth, rising unemployment, and hotter inflation.
Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) shares gained around 6% on Thursday in reaction to stronger-than-expected earnings. Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) shares dipped over 7% after the company issued FY25 diluted EPS guidance below estimates.
On the economic data front, the U.S. current account deficit shrank by 2.0% to $303.9 billion in the fourth quarter, versus a revised deficit of $310.3 billion in the third quarter. U.S. initial jobless claims increased by 2,000 to 223,000 during the second week of March, compared to market estimates of 224,000. The Philadelphia Fed Manufacturing Index fell to 12.5 in March from 18.1 in the previous month, versus market estimates of 8.5.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, consumer staples, and information technology stocks recording losses on Thursday. However, energy and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 11 points to 41,953.32 on Thursday. The S&amp;P 500 fell 0.22% to 5,662.89, while the Nasdaq Composite declined 0.33% to 17,691.63 during Thursday's session.
Investors are awaiting earnings results from NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>, )) and MINISO Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 22.1, the index remained in the &#8220;Extreme Fear&#8221; zone on Thursday, versus a prior reading of 22.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/03/44414749/top-2-defensive-stocks-that-may-keep-you-up-at-night-in-march">Top 2 Defensive Stocks That May Keep You Up At Night In March</a></li>
</ul>
Photo courtesy: Shutterstock

S&P 500 Settles Lower As Accenture Dips Over 7%: Greed Index Remains In 'Extreme Fear' Zone

U.S. stocks traded sideways on Thursday as investors digested Federal Reserve Chair Jerome Powell's remarks on inflation and tariffs following the Federal Open Market<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44405112/tariff-inflation-may-be-transitory-powell-says-stocks-rally-bitcoin-clears-85000-as-bulls-return"> Committee meeting on Wednesday.</a> 
Powell downplayed concerns that tariffs imposed by President Donald Trump could reignite inflation, calling their impact "transitory." Yet, the Fed's latest projections signaled slower economic growth, rising unemployment and hotter inflation. 
By midday in New York, major indexes were little changed, with financial stocks leading modest gains. 
Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) extended its rally to fresh record highs, on track for a sixth consecutive positive session. The stock's year-to-date outperformance over the S&amp;P 500 has widened to 20 percentage points.
In commodities, gold edged lower as the U.S. dollar strengthened, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slid 2.8%, dipping below $85,000. Oil prices jumped 1.5% to $67 per barrel amid escalating geopolitical tensions, as Israel launched a new ground operation in Gaza, breaking a two-month ceasefire.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,081.53</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,674.16</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,080.75</td>
<td>0.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,711.27</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% down to $566.56.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.2% to $421.00.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;slipped 0.2% to $479.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.2% to $206.03</li>
<li>The&nbsp;Financial&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 0.6%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 0.6%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers </h3>
<ul>
<li>Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) rose 5.4% in reaction to stronger-than-expected earnings. </li>
<li>Other stocks reacting to corporate earnings were Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), up 5.2%, Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), down 7.2%, PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), up 2%, Five Below Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NYSE">FIVE</a>), up 7%, Facset Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>).</li>
<li>Companies slated to report their earnings after the close include Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>). </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44418891/us-home-sales-jump-in-february-median-price-nears-400000-next-big-move-could-shock-everyone-analysts-say">US Home Sales Jump In February, Median Price Nears $400,000: &#8216;Next Big Move Could Shock Everyone,&#8217; Analysts Say</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

FIVE

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Select Sector SPDR-Consumer Discretionary

Wall Street Holds Steady As Buffett's Berkshire Hathaway Notches Record Highs: What's Driving Markets Thursday?

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.25% to 42,070.99 while the NASDAQ climbed 0.37% to 17,817.11. The S&amp;P 500 also rose, gaining, 0.28% to 5,689.83.
Check This Out: <a href="https://www.benzinga.com/25/03/44414809/tesla-to-450-here-are-10-top-analyst-forecasts-for-thursday">Tesla To $450? Here Are 10 Top Analyst Forecasts For Thursday</a>
Leading and Lagging Sectors Consumer discretionary shares rose by 0.7% on Thursday.
In trading on Thursday, materials shares fell by 0.3%.
Top Headline
Shares of Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) fell more than 7% on Thursday after the company reported results for the second quarter.
The company reported second-quarter 2025 earnings of $2.82 per share, slightly above the consensus of $2.81. The company reported sales of $16.66 billion, almost in line with the consensus of $16.62 billion and management guidance of $16.2 billion–$16.8 billion.
Accenture narrowed its fiscal year 2025 revenue growth outlook to 5%-7% in local currency, compared to prior guidance of 4%-7%. The company forecasts 2025 diluted earnings of $12.55-$12.79 per share compared to the consensus of $12.90.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>SAG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) shares shot up 107% to $1.3995.</li>
<li>Shares of Windtree Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>)got a boost, surging 59% to $2.6900 after the company entered a license and supply agreement to become a sourcing partner for Evofem Biosciences for Evofem&#8217;s PHEXXI.</li>
<li>OptiNose, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTN#NASDAQ">OPTN</a>) shares were also up, gaining 57% to $9.39 after Paratek Pharmaceuticals announced it will acquire the company in a deal worth $330 million.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Elevation Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELEV#NASDAQ">ELEV</a>) shares dropped 47% to $0.2501 after the company announced the discontinued development of EO-3021.</li>
<li>Shares of Benson Hill, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHIL#NASDAQ">BHIL</a>) were down 45% to $0.3570 after the company filed for Chapter 11 bankruptcy.</li>
<li>Adaptimmune Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADAP#NASDAQ">ADAP</a>) was down, falling 31% to $0.3088 after the company issued fourth-quarter and full year 2024 business update.</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $67.50 while gold traded down 0.1% at $3,040.20.
Silver traded down 0.6% to $33.985 on Thursday, while copper fell 0.4% to $5.0815.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.4%, Germany's DAX 40 fell 1.2% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index fell 0.9%, while London's FTSE 100 slipped 0.1%.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with China's Shanghai Composite Index falling 0.51%, Hong Kong's Hang Seng Index dipped 2.23% and India's BSE Sensex gaining 1.19%.
Economics
<ul>
<li>U.S. existing home sales increased by 4.2% from the previous month to an annualized rate of 4.26 million homes in February.</li>
<li>The U.S. current account deficit shrank by 2.0% to $303.9 billion in the fourth quarter, versus a revised deficit of $310.3 billion in the third quarter.</li>
<li>U.S. initial jobless claims increased by 2,000 to 223,000 during the second week of March, compared to market estimates of 224,000.</li>
<li>The Philadelphia Fed Manufacturing Index fell to 12.5 in March from 18.1 in the previous month, versus market estimates of 8.5.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/25/03/44415297/how-to-earn-500-a-month-from-micron-technology-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Micron Technology Stock Ahead Of Q2 Earnings</a></li>
</ul>

Eurozone

Commodities

Intraday Update

ADAP

BHIL

ELEV

OPTN

WINT

Dow Gains Over 100 Points; Accenture Shares Plunge After Q2 Results

WIIM

Accenture shares are trading lower after the company issued FY25 diluted EPS guidance below estimates.

On Thursday, Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) reported second-quarter 2025 earnings of $2.82 per share, slightly above <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $2.81</a>.
The company reported sales of $16.66 billion, almost in line with the consensus of $16.62 billion and management <a href="https://www.benzinga.com/24/12/42586612/accenture-delivers-q1-revenue-growth-bolstered-by-consulting-and-managed-services" target="_blank" rel="noreferrer noopener">guidance of $16.2 billion–$16.8 billion</a>.
Sales increased 5% year over year in U.S. dollars and 8.5% in local currency.
Consulting revenues were $8.28 billion, an increase of 3% in U.S. dollars and 6% in local currency. Managed Services revenues reached $8.38 billion, an increase of 5% in U.S. dollars and 8.5% in local currency.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/03/44108259/accenture-ma-acquires-ai-firm-halfspace-altus-consulting-in-uk-to-expand-advanced-ai-solutions-in-europe" rel="noreferrer noopener">Accenture M&amp;A: Acquires AI Firm Halfspace, Altus Consulting In UK To Expand Advanced AI Solutions in Europe</a>
Products revenues reached $5.05 billion, up 6% in U.S. dollars and 9% in local currency. Health &amp; Public Service revenues increased by 8% in U.S. dollars and 10% in <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44412689/accenture-reports-second-quarter-fiscal-2025-results" rel="noreferrer noopener">local currency to $3.61 billion</a>.
Financial Services revenue reached $3.01 billion, up 7% in U.S. dollars and 11% in local currency. Resources revenue was $2.26 billion, up 1% in U.S. dollars and 5% in local currency.
Communications, Media &amp; Technology revenue was $2.73 billion, up 3% in U.S. dollars and 6% in local currency.
New bookings for the second quarter of fiscal 2025 were $20.91 billion, a decrease of 3% in U.S. dollars and flat in local currency compared to the second quarter of fiscal 2024, including:
<ul>
<li>Consulting new bookings were $10.47 billion</li>
<li>Managed Services new bookings were $10.44 billion</li>
</ul>
Generative AI new bookings reached $1.4 billion in the second quarter.
The company says strong Q2 FY25 results reflect broad-based revenue growth across geographic markets, industry groups, and types of work.
&#8220;The trust and confidence in our unique strengths and capabilities is reflected in 32 clients with quarterly bookings greater than $100 million and we are very pleased to have another milestone quarter in Gen AI with $1.4 billion in new bookings,&#8221; commented Accenture chair and CEO Julie Sweet.
The operating margin increased by 50 basis points to 13.5% and decreased by 20 basis points compared to the adjusted operating margin.
Guidance: Accenture narrowed its fiscal year 2025 revenue growth outlook to 5%-7% in local currency, compared to prior guidance of 4%-7%. The company forecasts 2025 diluted earnings of $12.55-$12.79 per share compared to the consensus of $12.90.
Price Action: At the last check Thursday, ACN stock was down 0.14% at $324 during the premarket session.
Read Next:
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<li><a href="https://www.benzinga.com/news/mid-cap/25/03/44413951/qxo-seals-11-billion-beacon-roofing-supply-buyout-ending-takeover-battle-with-cash-packed-deal" target="_blank" rel="noreferrer noopener">QXO Seals $11 Billion Beacon Roofing Supply Buyout, Ending Takeover Battle With Cash-Packed Deal</a></li>
</ul>
Photo: Shutterstock

Guidance

Tech

Accenture Q2 FY2025 Earnings Almost Inline With Expectations, New Bookings Fall To $20.9 Billion, Tightens Annual Sales Growth Forecast

Accenture Narrows FY25 Revenue Growth Outlook To 5%-7% In Local Currency, Sees FY25 Diluted EPS $12.55-$12.79 vs $12.90 Est.

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) reported quarterly earnings of $2.82 per share which beat the analyst consensus estimate of $2.81 by 0.36 percent. The company reported quarterly sales of $16.66 billion which beat the analyst consensus estimate of $16.62 billion by 0.21 percent. This is a 5.44 percent increase over sales of $15.80 billion the same period last year.

Earnings Beats

Accenture Q2 2025 GAAP EPS $2.82 Beats $2.81 Estimate, Sales $16.66B Beat $16.62B Estimate

U.S. stock futures declined on Thursday following the Federal Open Market Committee&#8217;s (FOMC) decision on Wednesday. Futures of all four benchmark indices were lower in premarket trading.
On Wednesday, the stocks advanced after Federal Reserve Chairman Jerome Powell announced that the inflation caused by President Donald Trump&#8217;s tariffs would be &#8220;transitory&#8221; in nature. Furthermore, the &#8220;dot plot&#8221; projected two rate cuts in 2025, maintaining the Fed&#8217;s initial forecast.
The 10-year Treasury yield stood at 4.22%, while the two-year yield was at 3.97%. According <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> the CME Group's FedWatch tool, there is an 82.6% chance that the Federal Reserve will keep the interest rates unchanged during its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.83%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.66%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.53%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.75%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.29% to $568.76, and the QQQ advanced 0.40% to $482.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Energy, technology, and consumer discretionary sectors led a broad rally on Wednesday, propelling the S&amp;P 500 index. This surge occurred alongside the Federal Reserve&#8217;s decision to maintain interest rates.
Despite projecting two 2025 rate cuts, the Fed&#8217;s dot plot now signals lower growth and higher inflation, sparking stagflation worries.
Notably, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rebounded 1.8% after its CEO&#8217;s address, and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) soared nearly 7% on delivery and cash flow improvement plans. Meanwhile, mortgage applications declined, but all S&amp;P 500 sectors closed positively.
As of Wednesday, the Nasdaq 100 remains in correction territory, having fallen 11.19% from its prior peak. Similarly, the Dow Jones and S&amp;P 500 have dropped 6.70% and 7.68%, respectively, from their 52-week highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.41%</td>
<td>17,750.79</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.08%</td>
<td>5,675.29</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.92%</td>
<td>41,964.63</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.57%</td>
<td>2,082.08</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Market volatility, driven by tariff uncertainties and federal job cuts, has created a buying opportunity, according to Scott Wren, Senior Global Market Strategist. &#8220;The pullback in equities offers an opportunity,&#8221; he said.
Despite recent market pullbacks, Wren advises shifting from bonds to equities. He argues that while tariffs and job cuts introduce costs, their impact on the overall economy, particularly the likelihood of a recession, is minimal.
Tariffs, while causing localized price increases, won&#8217;t uniformly affect U.S. firms, and federal layoffs represent a small portion of the labor market, with historical data suggesting displaced workers find alternative employment. Wren also notes that tariff revenue and federal budget savings tend to be limited.
He added that strong labor market fundamentals and healthy household finances support continued consumer spending, mitigating recession risks. &#8220;We think the economy will grow a little more slowly than in 2024, but the consumer and the labor market look more like their averages of the past 15 years than a prelude to a recession,&#8221; he said.
Mohamed El-Erian, a prominent economist, criticized the Federal Reserve&#8217;s recent communication, citing their past error in labeling inflation as &#8220;transitory.&#8221; He believes the Fed should be more cautious, especially given their previous misjudgment and current economic uncertainties.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The word — "transitory" — is back at the Federal Reserve as Chair Powell characterizes the price effects of tariffs as a one-off. I would have thought that, particularly after the big policy mistake of earlier this decade and given all the current uncertainties, some Fed…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1902435256927388049?ref_src=twsrc%5Etfw">March 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul>
<li>The initial jobless claims data for the week ended March 15 and the Philadelphia Fed manufacturing survey data for March will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>February&#8217;s existing home sales and U.S. leading economic indicators data will be released by 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Accenture Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) was down 0.30% in premarket on Thursday ahead of its earnings before the opening bell. Analysts expect earnings of $2.82 per share on revenue of $16.62 billion.</li>
</ul>
<ul>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) advanced 0.67% as Wall Street expects it to report earnings of $1.83 per share on the revenue of $6.41 billion before the opening bell.</li>
</ul>
<ul>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 0.73% ahead of its earnings after the closing bell. Analysts expect earnings of $1.42 per share on the revenue of $7.89 billion.</li>
</ul>
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) was above the flatline by 0.07% as Wall Street expects it to report earnings of $4.54 per share on the revenue of $21.89 billion after the closing bell.</li>
</ul>
<ul>
<li>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) dropped 2.29% after announcing an offering of $1.35 billion in depository shares.</li>
</ul>
<ul>
<li>OptiNose Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTN#NASDAQ">OPTN</a>) was 60.83% higher after it canceled its earnings conference call following its acquisition agreement with Paratek Pharmaceuticals</li>
</ul>
<ul>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) surged 37.22% after it was given 180 by Nasdaq to get its stock price back up to $1.00 for maintaining compliance.</li>
</ul>
<ul>
<li>Virpax Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) plunged 12.84% after it announced that it will execute a 1-for-25 reverse stock split on March 20, 2025, with trading on a split-adjusted basis beginning March 21, 2025. This reduces outstanding shares and proportionally adjusts equity awards.</li>
</ul>
<ul>
<li>Zoomcar Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) slumped 28.45% after it said that it would implement a 1-for-20 reverse stock split on March 21, 2025, with adjusted trading beginning March 24, 2025. This aims to maintain Nasdaq compliance.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.67% to hover around $67.36 per barrel.
The gold spot index was down by 0.14% to $3,043.20 per ounce. Its last record high was at $3,057.36 per ounce. The Dollar Index was up by 0.32% at the 103.756 level.
Asian markets closed mixed on Thursday with China&#8217;s CSI 300, Hong Kong's Hang Seng, and Japan's Nikkei 225 index falling in trade. Whereas, India's S&amp;P BSE Sensex, South Korea's Kospi, and Australia's ASX 200 index advanced. European markets traded lower.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44354638/mark-cuban-advises-genz-to-spend-every-waking-minute-learning-about-ai-amid-disruption-heres-a-list-of-ai-investm">Mark Cuban Advises GenZ To &#8216;Spend Every Waking Minute Learning About AI:&#8217; Here&#8217;s A List Of AI Investment Opportunities For Long Term</a></li>
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