Dow rallies 300 points, S&P 500 surges 1% as strong earnings drive gains: Live updates
Publishing timestamp: 2024-04-23 13:50:17
Summary
Stocks surged higher for the second day on strong corporate earnings, with companies like Spotify and UPS beating expectations. Tesla and Meta Platforms are set to report earnings, while JPMorgan Chase CEO warned of potential stagflation. General Motors raised its full-year earnings forecast, and new home sales accelerated in March. European stocks also opened higher, while Chinese bubble tea chain Chabaidao saw a significant drop in its trading debut in Hong Kong. Japanese yen weakened to a 34-year low against the US dollar, and Australia's business activity expanded. In after-hours trading, Nucor and Cleveland-Cliffs saw declines after missing estimates, while Cadence Design Systems issued poor guidance. New home sales data is anticipated to be released later in the day.
Sentiment: MIXED
Tickers: VERV, SPOT, CDNS, TSN, GE, JBLU, UPS, TWOU, GOOGL, .DJI, PEP, ARKK, JPM, @CL.1, .SPX, .IXIC, @ND.1, MSFT, NVDA, DHR, MDLZ, CLF, .STOXX, TXG, @LCO.1, NUE, JPY=, GM, @SP.1, PENN, NVS, PACB, @DJ.1, TSLA,
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Source: https://www.cnbc.com/2024/04/22/stock-market-today-live-updates.html