News & Events zu Zumiez Inc (ZUMZ)ZUMZZumiez Inc

Major Averages Surge as Inflation Pressure Eases

The major averages closed sharply higher to end an otherwise down week. The rebound came as oil prices retreated from their recent highs, easing some of the inflation pressure that has pushed Treasury yields to multiyear highs.The August consumer price index report came in roughly in-line with expectations, with headline consumer prices rising 0.4% month over month and 3.4% from a year earlier, while core CPI increased 0.3% monthly and 2.4% annually. The firmer-than-expected core reading suggests underlying inflation remains sticky.Markets are now pricing about 90% odds of a 25-basis-point Fed hike next week, a dramatic change from the expectations for rate cuts that dominated the market earlier in the summer.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oracleprovided areport for Q1Adobealso provided areport for Q3CopartACV Auctionsfor $10.50 per share in cash, representing an implied equity value of approximately $1.9BKrogerreportedand reiterated its FY26 adjusted earnings guidanceOpenAI CEO Sam Altman told staff the company could slow down the development of AI,2. WALL STREET CALLS:NuScale Powerto Sell from Neutral at UBSJPMorganChewyto Neutral, citing pressure on organic growthBarringtonCopartto Outperform from Market PerformInternational Paperto Buy at BofA following pullbackBernsteincoverage of Shopifywith an Outperform rating3. AROUND THE WEB:PayPalCEO Enrique Lores is planning to run the company as a standalone business after a proposed buyout valued at over $50B stalled, WSJ reportsBroadcom'sVMware licensing overhaul is drawing deeper EU antitrust scrutiny as regulators investigate whether changes to VMware's software licensing and pricing are harming cloud providers and their customers, Bloomberg reportsColgate-Palmoliveis weighing a sale of certain mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, and is working with Goldman Sachson the process, Reuters reportsAlibabais set to lead a $300M investment in UniPat AI, valuing the company at $2.5B, Bloomberg reportsNvidiais facing DOJ scrutiny over whether its $17B non-exclusive Groq licensing deal and hiring of key executives were structured to avoid antitrust review, NY Times says4. MOVERS:Celesticagained in New York after announcing Chawla willof group president, global markets, and Ankenmann will succeed him as chief financial officerSPS Commerceincreased after Bloombergthe company is in talks to be acquired by GTCRDell Technologieswas higher after RBC Capitalcoverage of the stock with an Outperform ratingOklofell after entering into anfor up to $1BTenablewas lower after pricing its upsized5. EARNINGS/GUIDANCE:RH, provided guidance for Q3, and narrowed its outlook for FY26Ibex, with CEO Bob Dechant calling it a "record-breaking quarter"Zumiez, with EPS and revenue missing consensusReformationand provided guidance for FY26MoneyHero, with EPS and revenue lower year-over-yearINDEXES:The Dow rose 508.71, or 0.98%, to 52,572.81, the Nasdaq gained 251.31, or 0.96%, to 26,333.04, and the S&P 500 advanced 65.18, or 0.86%, to 7,656.88.

Major Averages Rebound as Oil Prices Retreat

The major averages were sharply higher near noon, curtailing some of this week's declines after four straight down sessions. The rebound comes as oil prices retreat roughly 3% from their recent highs, easing some of the inflation pressure that has pushed Treasury yields to multiyear highs.The August consumer price index report came in roughly in-line with expectations, with headline consumer prices rising 0.4% month over month and 3.4% from a year earlier, while core CPI increased 0.3% monthly and 2.4% annually. The firmer-than-expected core reading suggests underlying inflation remains sticky.Markets are now pricing a high probability of a 25-basis-point Fed hike next week, a dramatic change from the expectations for rate cuts that dominated the market earlier in the summer. The 10-year Treasury yield is hovering around 4.94%-4.96%, while the 30-year yield recently reached its highest level since 2004.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oracleprovided areport for Q1Adobealso provided areport for Q3CopartACV Auctionsfor $10.50 per share in cash, representing an implied equity value of approximately $1.9BKrogerreportedand reiterated its FY26 adjusted earnings guidanceOpenAI CEO Sam Altman told staff the company could slow down the development of AI,2. WALL STREET CALLS:NuScale Power (SMR)to Sell from Neutral at UBSJPMorganChewyto Neutral, citing pressure on organic growthBarringtonCopartto Outperform from Market PerformInternational Paperto Buy at BofA following pullbackBernsteincoverage of Shopify (SHOP) with an Outperform rating3. AROUND THE WEB:Colgate-Palmoliveis weighing a sale of certain mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, and is working with Goldman Sachson the process, Reuters reportsElon Musk's SpaceXhas filed a lawsuit against Texas Attorney General Ken Paxton and Grimes County, Texas in an effort to prohibit the release of records related to tax breaks the company received for Terafab, the semiconductor facility it is building near Houston, Business Insider saysNovartisinvestors will be increasing their scrutiny of the company's dealmaking strategy following setbacks to drugs acquired through mergers and acquisitions, Reuters reportsAlibabais set to lead a $300M investment in UniPat AI, valuing the company at $2.5B, Bloomberg reportsNvidiais facing DOJ scrutiny over whether its $17B non-exclusive Groq licensing deal and hiring of key executives were structured to avoid antitrust review, NY Times says4. MOVERS:Celesticagains in New York after announcing Chawla will assume the, global markets, and Ankenmann will succeed him as chief financial officerAlphatecincreases after itsDell Technologieshigher after RBC Capitalof the stock with an Outperform ratingOklofalls after entering into anfor up to $1BTenablelower after pricing itsof senior notes5. EARNINGS/GUIDANCE:RH, provided guidance for Q3, and narrowed its outlook for FY26Ibex, with CEO Bob Dechant calling it a "record-breaking quarter"Zumiez, with EPS and revenue missing consensusReformationand provided guidance for FY26MoneyHero, with EPS and revenue lower year-over-yearINDEXES:Near midday, the Dow was up 508.39, or 0.98%, to 52,572.49, the Nasdaq was up 304.74, or 1.17%, to 26,386.46, and the S&P 500 was up 76.82, or 1.01%, to 7,668.52.

Stock Futures Rebound as Oil Prices Retreat Easing Inflation Pressure

Stock futures are pointing to a rebound after four straight sessions of declines. The bounce comes as oil prices retreat more than 3% from their recent highs, easing some of the inflation pressure that has pushed Treasury yields to multiyear highs.The August consumer price index report came in roughly in-line with expectations, with headline consumer prices rising 0.4% month over month and 3.4% from a year earlier, while core CPI increased 0.3% monthly and 2.4% annually. The firmer-than-expected core reading suggests underlying inflation remains sticky.Markets are now pricing a high probability of a 25-basis-point Fed hike next week, a dramatic change from the expectations for rate cuts that dominated the market earlier in the summer. The 10-year Treasury yield is hovering around 4.94%-4.96%, while the 30-year yield recently reached its highest level since 2004.WTI has fallen back below $100 and Brent is around $103-$104, but both remain sharply higher for the week amid escalating Middle East tensions and disruptions around the Strait of Hormuz.In pre-market trading, S&P 500 futures rose 0.65%, Nasdaq futures rose 0.81% and Dow futures rose 0.81%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Click Holdingsup 4% after announcing that its CEO, Chan Chun Sing, has purchased 48,200 Class A ordinary shares of the company in the open marketGameStopup 4% after disclosing that its CEO Ryan Cohen bought 1M shares of common stock on September 10 in a total transaction valued at about $20MUP AFTER EARNINGS -Oracleup 6%Copartup 6% after earnings and a deal to buy ACV AuctionsDOWN AFTER EARNINGS -Zumiezdown 16%National Beveragedown 6%Adobedown 3%Krogerdown 2%LOWER -NuScale Powerdown 4% after UBS downgraded the stock to Sell with a price target of $6, down from $10, implying 40% downside from current levelsOklodown 2% after entering into an at-the-market equity offering for up to $1B