October 24, 2024 15:32 GMT
US STOCKS: Heavy Earning Docket Continues
US STOCKS
- Stocks have pared early gains to mostly higher by late Thursday morning, the DJIA underperforming amid an ongoing deluge of corporate earnings releases ahead of the open (Dow Inc, Carrier Global Corp, United Parcel Services, Honeywell Int, Hasbro Inc, Valero Energy Corp, Northrop Grumman, Tractor Supply Co, CBRE Group Inc, Southwest Airlines, American Airlines, Nasdaq Inc, S&P Global, Harley-Davidson and Union Pacific Corp).
- Currently, the DJIA is down 159.58 points (-0.38%) at 42354.38, S&P E-Minis up 6.25 points (0.11%) at 5844.25, Nasdaq up 96.7 points (0.5%) at 18373.55.
- Leading gainers include Consumer Discretionary, Health Care and Real Estate sectors in the first half. Individual gainers include Molina Healthcare +23.64% and West Pharmaceutical +19.15% -- both after beating estimates, Tesla +17.15% after beating late Wednesday, while CBRE Group gained 9.38%.
- On the flipside, Materials, Industrials and Energy sectors underperformed. Individual laggers include Newmont Corp -9.06%, Teradyne Inc -8.52%, Carrier -7.81%, and IBM -6.43%.
- Earnings expected after the close include: Union Pacific Corp, Capital One Financial, Skechers, Digital Realty Trust, Healthpeak Properties, Dexcom Inc, L3Harris Technologies, Universal Health Services, Texas Roadhouse Inc, Arthur J Gallagher, Weyerhaeuser Co, Mohawk Industries, Western Digital Corp, Deckers Outdoor Corp, Edwards Lifesciences.
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