Stock Market Overview
Thu, Apr 25th, 2024
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Stocks Settle Mixed on Rising Bond Yields and Tech Strength
Barchart - Wed Apr 24, 3:36PM CDT
The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.32%.
US stock indexes on Wednesday settled mixed, with the S&P 500 and Nasdaq 100 posting 1-week highs. Strength in technology stocks was supportive of the overall market. However, gains in the broader market were limited as rising bond yields pressured stocks.
On the positive side, Tesla rose more than +12% despite reporting weaker-than-expected Q1 EPS after it said it would accelerate the launch of less-expensive models as soon as this year. Also, semiconductor stocks rallied Wednesday after Texas Instruments reported stronger-than-expected Q1 revenue and forecasted Q2 revenue above consensus. In addition, Hilton Worldwide Holdings rose more than +3% after reporting better-than-expected Q1 adjusted Ebitda and raising its full-year adjusted Ebitda forecast.
On the negative side, Old D... Read more
Stock market today: Global benchmarks are trading mixed as investors focus on earnings
AP - 8 minutes ago
Global shares are trading mixed as investors look ahead to a flood of global earnings reports, including from U_S_ companies known as the “Magnificent Seven.”
Electric cars and digital connectivity dominate at Beijing auto show
AP - 1 hour ago
Global automakers and EV startups are unveiling new models and concept cars at China’s largest auto show, with a focus on the nation’s transformation into a major market and production base for digitally...
Stock market today: Asian benchmarks mostly slide as investors focus on earnings
AP - Wed Apr 24, 11:04PM CDT
Asian shares are mostly lower as investors look ahead to a flood of global earnings reports, including from U_S_ companies known as the “Magnificent Seven.”
TikTok has promised to sue over the potential US ban. What's the legal outlook?
AP - Wed Apr 24, 11:01PM CDT
Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U.S. has received President Joe Biden’s official signoff
U.S. Senator Ted Cruz Just Reported a Sale of $GS stock
Quiver Quantitative, Inc. - Wed Apr 24, 10:56PM CDT
In a new disclosure filed today, U.S. Senator Ted Cruz reported the sale of $250,001 - $500,000 of Goldman Sachs Group, in a trade that took place on April 15. Since that trade was made, the stock has...
Boeing's financial woes continue, while families of crash victims urge US to prosecute the company
AP - Wed Apr 24, 7:36PM CDT
Boeing has reported a $355 million loss for the first quarter
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