Pharmaceutical giant Bristol Myers Squibb (BMY) raises its full-year earnings guidance after topping third quarter estimates, sending shares higher in pre-market trading. Concurrently, Merck & Co. (MRK) lowered its sales outlook despite topping third quarter estimates, sending the stock lower. Julie Hyman and Brad Smith report more on these two pharma companies’ earnings results tied…
The Nasdaq Composite (^IXIC) is leading US stocks lower Thursday morning as Big Tech earnings continue to roll out. Shares of Microsoft (MSFT) and Meta Platforms (META) are taking a dip since reporting earnings yesterday; Amazon (AMZN) and Apple (AAPL) are the next members of the Magnificent Seven to report after today’s market close. The…
The Nasdaq Composite (^IXIC) holds just above its flatline, while the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) slip lower at the market open. Magnificent Seven member Alphabet (GOOG, GOOGL) blew past earnings estimates as Big Tech peers Microsoft (MSFT) and Meta Platforms (META) prepare to unveil earnings after Wednesday’s closing bell. Morning…
Stock futures (ES=F, NQ=F, YM=F) are up Monday morning in anticipation of this week’s earnings for Magnificent Seven tech names. As Tesla (TSLA) reported its third quarter results last week, this is the earnings timeline for the rest of the Mag 7: Alphabet (GOOG, GOOGL) — Tuesday, October 29 Meta Platforms (META) and Microsoft (MSFT)…
Apple (AAPL) iPhone 16 sales in China grew by 20% in its first three weeks on the market, according to Counterpoint Research data. The National Highway Traffic Safety Administration (NHTSA) is leading a probe into Tesla’s (TSLA) “Full Self-Driving” technology in its EVs following several crash reports. Tesla is currently expected to report its third…
While US stocks open the week mixed, S&P 500 (^GSPC) is pulling away and rising by over 0.5% after the opening bell. The tech-heavy Nasdaq 100 (^NDX) is seeing all green after Nvidia shares (NVDA) opened at a new all-time high. The Morning Brief’s Brad Smith recaps the market action seen thus far as the…
Earnings season is all about the banks, all about the banks as JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC) are the first major financial institutions to report their third quarter results. Seana Smith and Brad Smith keep track of the top earnings stories and industry movers in today’s Morning Brief. Wolfe Research chief…
Morning Brief hosts Brad Smith and Seana Smith delve into today’s top stocks on Yahoo Finance. Arcadium Lithium (ALTM) shares are soaring as the company confirms ongoing acquisition talks with mining giant Rio Tinto. The stock is up over 40% on the news. Meanwhile, Micron Technology (MU) is catching investor attention after CEO Sanjay Mehrotra…
Stock market indexes (^DJI, ^IXIC, ^GSPC) are below their flatlines as they kick off the first full trading week of October. This comes after stocks rallied around Friday’s jobs data for the month of September Morning Brief host Brad Smith and Yahoo Finance markets and data editor Jared Blikre pay attention to Monday’s market moves…
The Dow Jones Industrial Average (^DJI), S&P 500 (^GSPC), and Nasdaq Composite (^IXIC) opened little changed on Wednesday. It comes on the heels of record closes for both the Dow and S&P 500 on Tuesday. With the Federal Reserve’s rate cut moving toward the rearview mirror, Wall Street is searching for the next catalyst to…