[4/25/18]Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average finished higher after closing lower for five straight sessions.
- Boeing rose 4% after reporting better-than-expected quarterly earnings.
- Twitter fell 1.9% even after posting earnings that beat analysts’ estimates.
Wall Street Overview
The Dow Jones Industrial Average rose 59 points, or 0.25%, to close at 24,083. The S&P 500 was up 0.18% and the Nasdaq was down 0.05%.
Stocks finished sharply lower on Tuesday, April 24, as corporate earnings disappointed and the yield on the 10-year Treasury traded above 3% for the first time in four years. Early Wednesday, the 10-year U.S. Treasury yield traded at 3.022%. The 10-year note serves as a benchmark for many kinds of interest rates including mortgages.
Boeing led the Dow higher, rising 4% after the aircraft manufacturing company reported better-than-expected quarterly earnings and raised full-year guidance for three key financial metrics. The Chicago-based company posted adjusted earnings of $3.64 a share, handily beating analysts’ estimates of $2.58. Revenue of $23.38 billion also topped forecasts calling for $22.28.
Twitter Inc. (TWTR) finished lower Wednesday, falling 1.9%, after it posted first-quarter adjusted earnings of 16 cents a share, 4 cents ahead of estimates, and said monthly active users were 336 million, beating analysts’ forecasts of 334.2 million.
Comcast Corp. (CMCSA) reported first-quarter earnings of 62 cents a share, 3 cents ahead of estimates, and also said Wednesday that it has formalized its plans to take over Britain’s Sky PLC with a bid that values Europe’s biggest pay television group at more than $30 billion and challenges Rupert Murdoch’s Twenty-First Century Fox Inc. (FOXA) . Comcast shares were up 2.7%.
Earnings reports are also expected after Wednesday’s closing bell from Facebook Inc. (FB) , Advanced Micro Devices Inc. (AMD) , eBay Inc. (EBAY) , Visa Inc. (V) , Ford Motor Co. (F) and Qualcomm Inc. (QCOM) .
Credit Suisse Group AG ( CS) rose 4% after the Swiss investment bank posted its strongest quarterly earnings in three years as new cash poured into its wealth management division under the renewed focus of CEO Tidjane Thiam.
Texas Instruments Inc. (TXN) rose 4.6% on Wednesday after the chipmaker’s profit in the first quarter jumped 37% and per-share profit topped analysts’ estimates.