Key Takeaways
- The S&P 500 added 0.7% on Tuesday, Oct. 24, 2023, amid strong corporate earnings news and anticipation of the reports coming from big tech firms this week.
- Verizon and 3M helped boost U.S. equities indexes after both companies posted better-than-expected results.
- HCA Healthcare's profit was short of estimates, and its shares tumbled.
U.S. equities gained, with the S&P 500 rising 0.7%, am𒆙id solid corporate earnings and optimism about the financial reports coming this week from some of the biggest firms in the technology sector.
Verizon Communications (VZ) shares jumped 9.3% after the telecom company's earnings and subscriber growth 澳洲幸运5官方开奖结果体彩网:exceeded estimates. Verizon also expects that it will add more𝓀 subscribers in the current quarter.
RTX (RTX) shares gained 7.2% with the defense contractor exceeding profit and sales estimates, announcing a 澳洲幸运5官方开奖结果体彩网:stock buyback, and indicating itඣ's made significant progress on a jet engine issue that led to a r𒁃ecall.
W.R. Berkley (WRB) shares picked up 6.2% after the insurer set a record for net investment income, and both gross and net premiums written rose.
3M (MMM) shares increased 5.2% after the diversified manufacturing giant reported profit that 澳洲幸运5官方开奖结果体彩网:beat forecasts. 3M also boosted its full-year outlook as it benefited from higher prices and cost-cutting ꦫmeasures.
HCA Healthcare (HCA) shares sank 4.5% as the for-profit hospital and healt൲h care chain's earnings were short of estimates and it narrowed its outlook. The company said that its physician staffing joint venture with Valesco performed below expectations.
Synchrony Financial (SYF) shares dipped 4.4% as the financial services firm boosted the money it needed to put aside to cover losses from 澳洲幸运5官方开奖结果体彩网:delinquent loans.
Archer Daniels Midland (ADM) shares tumbled 4%ౠ after the agricultural products provider reported lower-than-expected profits from two of its key segments.