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%.
More market manipulation, cool cool.
When will you cover this?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Tick Up, Dow Climbs 150 Points, On Stimulus Deadline DayBig tech earnings kick into high gear on the last day of hope for a stimulus package before the election.
Source: Forbes - 🏆 394. / 53 Read more »
Stocks open higher on Wall Street following solid earningsStocks open higher on Wall Street as traders look over several solid earnings reports from U.S. companies. Procter & Gamble, Regions Financial and Travelers all rose after reporting quarterly results that were better than analysts were expecting.
Source: AP - 🏆 728. / 51 Read more »
Pot Stocks Go on a Chilled-Out Election RallyA victory for the Democratic Party in next month’s presidential election would be a game changer for the cannabis industry. Despite their reputation for overexuberance, pot investors are reacting with level heads. heard Investors are leery of giving their money to stoners... what a shock. heard Seems like there is no proven vertical business model to compete across state lines legalizeit heard They need to just sit and just try some. Don't knock it till you try it!
Source: WSJ - 🏆 98. / 63 Read more »
Handling election uncertainty — Recession-proof stocks — 99th-percentile wisdom - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
These three tech stocks may reap the rewards of a brand advertising reboundCertain tech companies appear especially well-positioned for the recovery of brand advertising as marketers are looking for additional information about what they're getting for their money, along with the flexibility to switch out messaging or placements especially as the pandemic rages on, experts say.
Source: CNBC - 🏆 12. / 72 Read more »
US stocks rise as stimulus hopes remain, social media shinesStocks are moving between small gains and losses on Wall Street as traders wait to see if Washington can pull off a last-ditch attempt for more economic aid before the election. Netflix fell after reporting a subscriber growth slump while Snap is soaring. Nope, we're fucked. This is on the failed obama admin. While president trump has made great progress , it is times like this when we are reminded just how big of a mess obama left the economy
Source: AP - 🏆 728. / 51 Read more »