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
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) - Get Report 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) - Get Report 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) - Get Report . Comcast shares were up 2.7%.
Earnings reports are also expected after Wednesday's closing bell from Facebook Inc. (FB) - Get Report , Advanced Micro Devices Inc. (AMD) - Get Report , eBay Inc. (EBAY) - Get Report , Visa Inc. (V) - Get Report , Ford Motor Co. (F) - Get Report and Qualcomm Inc. (QCOM) - Get Report .
Credit Suisse Group AG
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.
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