Key Takeaways
- U.S. equities rose at midday on Tuesday, Oct. 24, 2023 following strong earnings reports and ahead of updates from big tech companies including Microsoft and Google parent Alphabet.
- Verizon and 3M shares jumped as both posted better-than-expected quarterly results.
- Shares of Corning slid as demand for the tech company's fiber optic glass cable slowed.
U.S. equities gained at midday after strong earnings results, and ahead of reports from some of the ꦛbiggest names in the tech industry. The Dow, S&P 500,🎃 and Nasdaq were all higher.
Verizon Communications (VZ) shares took off as the telecom provider reported profit and 澳洲幸运5官方开奖结果体彩网:subscriber growth that beat forecasts and predicted it will gain more subscribe𓂃rs in the cur𒈔rent quarter.
Shares of 3M (MMM) also jumped as the diversified manufacturing giant 澳洲幸运5官方开奖结果体彩网:posted better-than-exꦑpected earnings and raised its full-year outlook on higher prices and co😼st-cuttin♊g moves.
W.R. Berkley (WRB) share𝓡s advanced as the insurer's net investment income set a record and gross and net premiums written increased.
HCA Healthcare (HCA) shares tumbled after the hospital and health care chain missed quarterly earnings estimates and narrowed its outlook as the company’s physician staffing joint venture with Vales🧸co underperf♓ormed.
Shares of Corning (GLW) sank after warning of falling demand for the company’s fiber optic glass cables. It also indicated current quarter core sales will be beไlow estimates.
Synchrony Financial (SYF) shares dropped after the financial services firm increased the amount of money it put aside to cover loan loℱsses.
Oil and gold futures fell. The yield on the 10-year Treasury note gained. The U.S. dollar was up against the euro, pound, and yen. Prices for major cryptocurrencies soared amid optimism a crypto 澳洲幸运5官方开奖结果体彩网:exchange traded fund (ETF) could be on the market soon.
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