Why US markets are up: S&P 500, Nasdaq edge higher as broad gains offset tech sell-off; Middle East peace hopes in focus

US stocks saw mixed trading as the S&P 500 and Nasdaq reversed early losses. Technology shares faced pressure after disappointing investor reactions to company forecasts. Energy and consumer staples sectors led gains, offsetting the tech sell-off. Investors awaited news on a potential Middle East peace deal. Jobless claims rose slightly ahead of key employment data.

Ralph Lauren shares jump 7% as shoppers in Asia, North America drive revenue beat

Ralph Lauren’s first-quarter financial performance surpassed expectations, showcasing a robust demand driven by younger consumers across various regions. Sales saw an impressive twenty-four percent growth in Asia, spurred largely by a surge in the Chinese market. Additionally, North America experienced a thirteen percent increase in sales. Following this positive trend, the company has raised its…

Salman Khan’s ‘Ramayana’ was shelved due to Sohail Khan’s relationship with Pooja Bhatt, the actress also had spoken about the possibility of marriage, reportedly Salim Khan didn’t approve of their relationship

In the 1990s, Salman Khan was poised to portray Lord Ram in Sohail Khan’s ambitious Ramayana film, with Sonali Bendre set to play Sita. The project, which had made significant progress, ultimately faced production challenges due to familial disapproval linked to Sohail Khan’s relationship with Pooja Bhatt. As a result, the film was abandoned after…