S&P 500 Gains and Losses Today

Here are the stocks in the S&P 500 that gained and lost the most today, and 澳♏洲幸运5开奖号码历史查询:the stories behind the day's market movers.

Dow 𝐆Gains for a Second Day, but Ends October Lower

The澳洲幸运5开奖号码历史查询: Dow Jones Industrial Average climbed for the second consecutive session, moving h🦂igher by 123 points, or about 0.4%. But this week’s gains weren’t enough to bump the index into the green for October; the Dow en♛ded the first month of the quarter down about 1.4%, its third straight losing month.

Boeing (BA) shares gained 2.5% to lead the Dow higher, marking four straight winning sessions for the aircraft maker that last week reported 澳洲幸运5开奖号码历史查询:higher-than-anticipated third-qua𝐆rter revenue.

Intel (INTC) shares moved up 2.3% as it continued to climb after it reported a surge in 澳洲幸运5开奖号码历🐼史查询:revenue f🧜or its chip foundry services last week.

Honeywell (HON) shares gained almost 2% while 3M (MMM) moved higher by 1.6%. 

The financial sector was one of the day’s best performing, gaining 1.1% on the session. American Express (AXP) moved higher by 1.9%, and JPMorgan Chase (JPM) rose by 1.2%.

Caterpillar (CAT) was the worst performer in the Dow 30 today. Its shares dove nearly 6.7% after the construction equipment maker beat quarterly earnings estimates but 澳洲幸运5开奖号码历史查询:issued a cautious fourthꦆ-𓂃quarter outlook on a decline in order backlogs.

Amgen (AMGN) shares fell 2.9% despite also topping earnings estimates. While the company raised its revenue guidance, investors worried that it was tied too closely to its recent 澳洲幸运5开奖号码历史查询:acquisition of Horizon Therapeutics and that sales of sev🍒eral key products came in below ಞexpectations.

-Terry Lane

Yen Hits 33-Year Low Agai🌸nst Dollar on BOJ Caution

The value of the Japanese yen relative to the U.S. dollar fell on Tuesday to its lowest since the summer of 1990 after the 澳洲幸运5开奖号码历史查询:Bank of Japan's interest rate decision disappointed investors who were looking for the bank to more aggressively loosen 澳洲幸运5开奖号码历史查询:yield curve controls. 

The BOJ said in a policy statement Tuesday it would consider 1% as a “reference point” ten-year bond yield rather than a strict cap, suggesting it would allow rates to fluctuate but 澳洲幸运5开奖号码历史查询:remained prepared to intervene should they rise too dramatically. Investorsಌ had expected a more dramatic change to bank policy. 

Higher bond yields are expected to have the effect of drawing Japanese money to the country, driving up demaꦦnd forꦬ yen in the process and increasing its value vis-a-vis other major currencies.

After Tuesday’s BOJ decision, the value of one U.S. dollar jumped more than 1.5%✨ to about 151.50 yen. 

Midday Market Movers

Monolithic Power Systems Inc. (MPWR): Shares of the semiconductor company rose more than 8% after it said third quarter sal🌌es and earnings fell less than expected amid an uncertain business environment.

Leidos Holdings Inc. (LDOS): Shares of the defense company rose 8% after it beat earnings estimates on higher sales volume, le🌠ading it to raise its full-year outlook. 

Tesla Inc. (TSLA): Sha🃏res of the electric vehicle maker rose more than 2% after it won the first of several U.S. trials it faces over allegations it knowingly sold vehicles with defective autopilot systems.&nb൲sp;

Catalent Inc. (CTLT): Shares of the contract drug developer sank more than 16% after Sarepta Therapeutics (SRPT) said the results of its trial of a new gene therapy, which Catalent was contracted to produc🔜e, did not meet the standards of statistical significance. Sarepta stock sank nearly 40% oꦍn the results.

Amgen Inc. (AMGN): Shares of the pharmaceutical company fell more than 4% after sales growth of key drugs in the third quarter came in below Wall Street’s esti൲mates. 

Caꦉterpillar Shares Fall on Economic Concerns, Despite Earnings Beat

Caterpillar (CAT) shares fell more than 6% Tuesday afternoon despite an earnings beat, as the construction equipment maker 澳洲幸运5开奖号码历史查询:issued a cauti🎃ous fourth-quarter 🍬outlook and said ord🧜er backlogs fell, feeding into concerns about an economic slowdown.

Third-quarter revenue totaled $16.81 billion, a 12% increase from the year-ago quarter boosted by higher sales volumes. Profit came in at $2.79 billion, or an adjusted $5.52 per share, which was up more than 40% from $3.87 per share in the year-ago quarter, and easily exceeded consensus estimates of $4.75.

Growth was particularly strong in North America, the company's home region, reflecting robust infrastructure spending boosted by government investment, along with gains in non-residential construction.

The company said that order backlog decreased by 🦹$2.6 billion from the second quarter while dealer inventories increased by $600 million, a sign that demand for construction equipment worldwide could be stalling.

The stock, after falling Tuesday, entered negati🧸v😼e territory for the year after reaching an all-time high of almost $290 per share at the start of August.

-Mack Wilowski

Pinterest's Financial Metrics Beat Estimates as Ad Sales and Gen Z Users Rise

Pinterest (PINS) shares soared after the image-sharing social media site 澳洲幸运5开奖号码历史查询:posted better-than-expected results as aℱdv💫ertising rebounded and it added more Gen Z users.

Pinterest reported third quarter fiscal 2023 net income of $6.73 million after losing $65.18 million in 2022. That translated into a net 澳洲幸运5开奖号码历史查询:profit margin shift from negative 10% to 1%.

Earnings per share (EPS) came in at $0.28. Revenue jumped 11.5% to $763.2 million. 澳洲幸运5开奖号码历史查询:Monthly active users (MAU) rose 8.3% toཧ a🎐 record 482 million, and average revenue per user was up 3.2% to $1.61. All were more than forecasts.

Following the report, Bank of Amer♓ica upgraded the stock to Buy from Neutral, citing expectations of rising ad revenue.

Shares of Pinterest trad🙈ed near their highs for the year, up nearly 19% on the day and 30% year-to-date.

-Bill McColl

AB InBev Earnings Beat Despite Lower Volumes

Shares of Anheuser-Busch InBev SA (BUD), the beverage giant behind Budweiser and Stella Artois, r✃ose about 5% af💖ter it beat third-quarter earnings estimates despite a conservative boycott continuing to weigh on Bud Light sales. 

AB InBev earnings by the numbers

• Underlying profit: $1.73 billion vs. $1.64 billion expected, according to analyst estimates compiled by Visible Alpha
• Underlying EPS: $0.86 vs. $0.82 expected
• Revenue: $15.57 billion vs. $15.66 billion expected
• Total volumes: 151.9 thousand hectoliters vs. 152.5 thousand hectoliters

The story at AB InBev was similar to other food and household goods companies: higher prices offset lower volumes. Total volume decreased 3.4% year-over-year, with a more than 17% drop in U.S. volumes—partially due to backlash against Bud Light's marketing partnership with transgender influencer Dylan Mulvaney—overshadowing modest growth in Central America and Asia Pacific. But revenue and revenue per hectoliter increased by about 5%, indicating shoppers are accepting price hikes. 

PepsiCo (PEP) reported a similar phenomenon earlier this month when it said 澳洲幸运5开奖号码历史查询:revenue grew 11% last quarter despite volumes falling. Procter & Gamble (PG) said 澳洲幸运5开奖号码历史查询:revenue grew 6% and gross margin increase🐠d 460 basis points on pric🍷e hikes.

Ap꧂ple Shares Dip After Unveiling New Mac and MacBook With

Apple (AAPL) slipped Tuesday morning after it 澳洲幸运5开奖号码历史查询:announced 🉐a💞n updated line of Macs and MacBooks, powered by its next-generation M3 chips, at its "Scary Fast꧅" even✤t Monday.

CEO Tim Cook led the event, live-streamed from its Cupertino, California headquarters. Following the announcement of the new M3 chips, Cook was joined by COO Jeff Williams, who unveiled the new MacBook Air, calling it "the fastest non-Pro laptop Apple has ever released,” alongside an M3-powered Mac Mini.

Cook alsꦕo announced the release of a new 28-inch iMac and t⭕he new MacBook Pro, which is available with the higher-performance M3 Pro, or M3 Max chip.

Prices for the new models will range from $649 for the new Mac mini, to $1,599 for the 14" and 16" MacBook Pro, which is available a month from now.

-Kevin George

Pfizer Earnings Weighed Down Again by Dwi🌟ndling COVID Sales

Unused stockpiles of COVID-19 treatment Paxlovid and muted demand for its COVID vaccine weighed down on Pfizer's (PFE) third-quarter earnings.

The company 澳洲幸运5开奖号码历史查询:reported a net loss of $2.𝐆38 billion or 42 cents a share. The adjusted diluted loss was 968 million or 17 cents a share. Revenue fell 42% compared to the prior-year quarter to $13.2ඣ b🌃illion.

The biggest hit to the company's earnings was a $5.6 billion non-cash inventory write-off, primarily on account of the company taking back millions of unused Paxlovid doses from the U.S. government.

But Pfizer reiterated in its earnings report the depth of its pipeline and its commitment to adjusting to a post-COVID landscape. The company is implementing layoffs and other cost-cutting measures that it hopes will save it $1 billion this year and $2.5 billion in 2024.

Pfizer shares were down roughly 2% Tuesday morning. They have fallen by about 35% in the last year and are now tradiඣng at their lo🔯west level since the start of the pandemic in March 2020.

-Nathan Reiff

Stocks Making the Biggest Moves Premarket

Gains:

• Pinterest Inc. (PINS): Shares of the social media company jumped 15% after its third-quarter earnings topped Wall Street estimates. Revenue grew 11% to $763.2 million on the back of better-than-expected monthly active user count and average revenue per user. 
• Arista Networks Inc. (ANET): Shares of the cloud networking company rose more than 9% after it beat quarterly sales and earnings estimates on strong demand from cloud and AI companies.
• Anheuser-Busch InBev SA (BUD): Shares of the Budweiser maker rose nearly 4% after it reported better-than-expected third-quarter earnings, with price hikes offsetting a continued slump in Bud Light sales stemming from this summer’s conservative boycott. 
  

Losses:

• Caterpillar Inc. (CAT): Shares of the industrial equipment manufacturer sank 5% after reporting order backlog decreased in the third quarter, raising concerns about demand amid an uncertain economic outlook. 
• BP Plc. (BP): Shares of the London-based oil company fell 4% after it reported a more than 50% year-over-year drop in profit last quarter as impairments from wind projects and slumping gas marketing offset oil production. 
• Amgen Inc. (AMGN): Shares of the pharmaceutical company fell more than 3% after it said third-quarter earnings fell nearly 20% year-over-year on a $650 million impairment charge related to the discontinuation of tests of a cancer treatment. 

5 Things to Know Before Markets Open

Here's 澳洲幸运5开奖号码历史查询:what investors need to know to start their day:

1. Anheuser-Busch InBev (BUD) maintained its full-year guidance and reported an increase in revenue despite a hit to U.S. sales following a boycott of Bud Light.
2. Shares of Tesla (TSLA) fell nearly 1.4% in pre-market trading, following a nearly 5% drop in the previous session after reports from battery maker Panasonic raised worries that electric vehicle demand was in decline.
3. 澳洲幸运5开奖号码历史查询:American depositary receipts (ADRs) of oil giant BP (BP) fell 3.5% in pre-market trading after its earnings of $3.3 billion missed analyst forecasts, as its strong margins on oil trading and refining were offset by weakness from gas and offshore wind.
4. After reaching a tentative 澳洲幸运5开奖号码ꦰ历史查🐭询:agreement with the United Auto Workers, Stellantis (STLA) said that lost production from the strike created a third-quarter hit to sales of $3.2 billion, leading to a $797 million drag on profits.
5. The S&P Case-Shiller 澳洲幸运5开奖号码历史查询:Home Price Index for August is projected to show an increase of 0.8%, up from a 0.1% rise in the prior month, when that data is released at 9 a.m. ET.

-Terry Lane

Stock Futures Up🌠 Despite Pfizer, Caterpi💞llar Earnings

Future contracts connected to the Dow Jones Industrial Average were 0.2% higher in premarket trading despite sizable component Caterpillar's stock sinking nearly 5%.

S&P 500 futures were 0.3% higher befor🌜e the bell.

Nasdaq 100 futures gained 0.2%.