Declining interest rates tend to benefit technology stocks trading at high valuations. The yield on the closely watched 10-year Treasury note faded after recently hitting a two-month high.

Markets are churning a bit with a reasonably low level of volatility,' said Bill Northey, senior investment director at U.S. 'We're in a period of time between the end of the second-quarter earnings season and meaningful additional data from the Federal Reserve. Bath & Body Works made $1.68 billion in revenue last quarter, topping estimates of $1.6 billion, according to Refinitiv.Aug 25 (Reuters) - Wall Street ended sharply higher on Thursday, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook.įed Chair Jerome Powell is due to give a speech on Friday that investors will dissect for indications of how aggressively the Fed may move to raise interest rates as it battles decades-high inflation. Revenue came in at $1.44 billion, missing estimates of $1.46 billion, according to Refinitiv.īath & Body Works - Shares of the beauty company rose slightly in extended trading after reporting a quarterly profit of 66 cents per share. Victoria's Secret -Shares of the lingerie company popped 14% in after hours trading after reporting quarterly earnings of 81 cents per share. Fiscal first quarter earnings beat expectations but revenue fell short of estimates.

Cisco Systems called for revenue growth between 4.5% and 6.5% in the second quarter, below estimates of 7.4%, according to Refinitiv. Revenue fell short of analysts'' forecasts.Ĭisco Systems - Shares of the technology company dropped 6% in after hours trading after issuing next quarter earnings guidance at the low end of estimates.

The music device company also reported a loss of cents per share last quarter, in-line with estimates, according to Refinitiv. Sonos - Shares of Sonos rose 4% in after hours trading after issuing strong full-year revenue guidance.

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