Earnings Thursday morning continued to surpass Wall Street expectations, but the three major indexes ticked up less than .5% after weekly job losses hit their lowest levels since March highs, but ticked down only slightly.... [+]The three major indexes–the Dow Jones Industrial Average, S&P 500 and tech-heavy Nasdaq–were all up less than .5% on Thursday morning, marking the second day of tepid gains this week after two days of heavier losses.
Dow component Coca-Cola and telecom giant AT&T both reported earnings before the market open: Coca-Cola shares are up 2% after better-than-expected net income ofin the quarter, down 33% from a year ago, and AT&T has climbed 4.5% on earnings that matched expectations and revenue of $42.3 billion, which beat out Wall Street estimates.
Shares of American Airlines are down nearly 2% after another big quarter loss–of $2.4 billion–despite the firm cutting its cash burn rate, the firm said Thursday; the Texas-based airline also announced a $1 billion stock offering.highest quarterly profit everGlobal markets also fell Thursday morning: The United Kingdom's FTSE 100 was down .2%, as was France's CAC 40, and Japan's Nikkei 225 ended the day down .7%.
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