Stocks waver on Wednesday as higher rates offset strong earnings: Live updates
Publishing timestamp: 2024-04-24 13:55:18
Summary
Stocks wavered on Wednesday due to interest rate fears despite strong corporate earnings. Tesla climbed after announcing more affordable electric vehicle models, while Boeing turned lower. Earnings season has been positive so far, with many companies beating estimates. Neurocrine Biosciences' drug pipeline is promising. Analysts remain optimistic about the stock market in 2024. iShares Semiconductor ETF had a strong session. Toymakers Hasbro and Mattel are rallying. Dow Jones Industrial Average is being held back by Home Depot, McDonald's, and Johnson & Johnson. Technology stocks were higher, with Nasdaq Composite climbing. Orders for long-lasting goods increased in March. European stocks opened slightly higher. Grayscale is pushing for an ether ETF. Central banks may cut interest rates later this year. S&P 500 Financials are outperforming the market. Several companies saw significant moves in after-hours trading.
Sentiment: MIXED
Tickers: IBM, NBIX, TXN, HD, ADI, MAT, BA, BIIB, .IXIC, SLM, SOXX, .SPX, @DJ.1, WOLF, CMG, BAC, BCS, F, TSLA, HAS, .DJI, V, ABNB, 20-HK, ON, @ND.1, .STOXX, STM, MCD, @SP.1, META, JNJ, ETHE,
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Source: https://www.cnbc.com/2024/04/23/stock-market-today-live-updates.html