Stock Market Overview
Tue, Apr 23rd, 2024
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Stocks Finish Higher as Q1 Earnings Impress
Barchart - Tue Apr 23, 3:45PM CDT
The S&P 500 Index ($SPX) (SPY) Tuesday closed up +1.20%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.69%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.51%.
US stock indexes closed moderately higher on Tuesday, with the Dow Jones Industrials climbing to a 1-1/2 week high. Better-than-expected Q1 earnings results supported stocks Tuesday. Stock indexes extended their gains after a weaker-than-expected US Apr S&P manufacturing PMI report knocked bond yields lower.
Globe Life closed up more than +14% after raising its full-year operating EPS estimate. Also, General Electric closed up more than +8% after raising its GE Aerospace full-year operating profit estimate. In addition, Danaher closed up more than +7% after reporting better-than-expected Q1 sales.
On the negative side, LKQ Corp closed down more than -14% after reporting Q1 revenue below consensus. Also, MSCI Inc. closed down more than -13% after reporting weaker-than-expected Q1 operat... Read more
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
AP - Tue Apr 23, 6:38PM CDT
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles
Should You Buy This Beaten-Down AI Stock for Its 4% Dividend Yield?
Barchart - Tue Apr 23, 6:30PM CDT
Sales of AI-enabled gadgets are expected to drive hardware sales over the next few years. PC maker HP looks like an AI play worth buying for its nearly 4% dividend yield and tepid valuations.
Cyberattacks are on the rise, and that includes small businesses. Here's what to know
AP - Tue Apr 23, 5:28PM CDT
Cyberattacks on businesses are rising, including small businesses
GoFundMe expands into Mexico as part of for-profit crowdfunding platform's international growth
AP - Tue Apr 23, 4:35PM CDT
GoFundMe is expanding into Mexico, the company announced Tuesday
Tesla Accelerates Launch of New Models, Shares Surge Nearly 9%
Quiver Quantitative, Inc. - Tue Apr 23, 4:28PM CDT
Tesla (TSLA) has announced an acceleration in its product timeline, with plans to introduce new models, including more affordable options, before the second half of 2025. This news spurred a nearly 9%...
Stock market today: Wall Street rallies again to erase more of April’s losses
AP - Tue Apr 23, 4:26PM CDT
Stocks rallied for a second straight day on Wall Street to soften what’s been a rough April
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