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Markets Jump at Midday After Strong Earnings Amid Anticipation of Tech Reports

Verizon store in New York

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Key Takeaways

  • U.S. equities rose at midday on Tuesday, Oct. 24, 2023 following strong earnings reports and ahead of updates from big tech companies including Microsoft and Google parent Alphabet.
  • Verizon and 3M shares jumped as both posted better-than-expected quarterly results.
  • Shares of Corning slid as demand for the tech company's fiber optic glass cable slowed.

U.S. equities gained at midday after strong earnings results, and ahe✅ad of reports from some of the biggest names in the tech industry. The Dow, S&P 500, and Nasdaq were all higher. 

Verizon Communications (VZ) shares took off as the telecom provider reported profit and 澳洲幸运5开奖号码历史查询:subscriber growth that beat forecasts and predicted it will gain more subscribers in the current quart🎀er.

Shares of 3M (MMM) also jumped as the diversified manufacturing giant 澳洲幸运5🌱开奖号码历史查询:posted better-than-expected earnings a🎀nd raise🔜d its full-year outlook on higher prices and cost-cutting moves.

W.R. Berkley (WRB) shares advanced as the insurer's net investment income set a record and gross andജ n🎀et premiums written increased.

HCA Healthcare (HCA) shares tumbled after the hospital and health care chain missed quℱarterly earnings estimates and narrowed its outlook as the company’s physician staffing join☂t venture with Valesco underperformed.

Shares of Corning (GLW) sank after warning of falling demand for the company’s fiber optic glass cables. It also indicated current quarter core sales will be below estim🃏ates.

Synchrony Financial (SYF) s🃏hares dropped after the financial service🌳s firm increased the amount of money it put aside to cover loan losses. 

Oil and gold futures fell. The yield on the 10-year Treasury note gained. The U.S. dollar was up against the euro, pound, and yen. Prices for major cryptocurrencies soared amid optimism a crypto 澳洲幸运5开奖号码历史查询:exchange traded fund (ETF) could be on the market soon.

VZ, MMM

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