Key Takeaways
- U.S. equities gained at midday when the U.S. and U.K. struck a new trade deal.
- EPAM Systems beat quarterly results, raised its outlook, and announced a new CEO.
- Match Group is cutting jobs and undergoing a reorganization as its earnings and revenue slid.
U.S. equities advanced at midday as President Donald Trump announced a new trade deal with the United Kingdom. The Dow Jones Industrial Average, 澳洲幸运5官方开奖结果体彩网:S&P 500, and Nasdaq all rose.
EPAM Systems (EPAM) shares took of📖f when the business tech provider posted better-than-expected results and raised its outlook as its IT services revenue grew, and it introduced a new CEO.
Axon Enterprise (AXON) also beat profit and sales forecasts and boosted its guidance on demand for the Taser maker's new 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) policing tool.
U.S.-listed shares of Anheuser-Busch InBev (BUD) climbed after the world's big꧂gest beer company's profit exceede🌊d estimates as it cut costs.
The outcome wasn't the same for AB InBev rival Molson Coors Beverage Company (TAP), which saw shares tumble ✱when the brewer lowered its guidance and announced plans to reduce spending on concerns macroeconomic conditions will cause a drop in consumer spending.
Shares of Match Group (MTCH) slid when the operator of dating apps announced layoffsꦉ and a reorganization after profit and sales declined.
Shares of Eli Lilly (LLY) and other pharmaceutical firms fell on a report Pres🦂ident Trump will move to slash Medicare drug prices.
Oil futures gained. Gold prices dropped. The yield on the 10-year Treasury note increased. The U.S. dollar was up on the euro and yen, and was little changed against the pound. Most major cryptocurrencies traded higher.
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