Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<US>DJIA Concludes Down 316Pts as Tesla & IBM Sag ~8% Post-Earnings
Recommend 3 Positive 7 Negative 9 |
||||
|
||||
|
The market was watchful of changes in trade agreements and quarterly corporate earnings, leading to mixed developments in US stocks on Thursday. The S&P 500 closed up by 4 points at 6,363; and the Nasdaq rose by 37 points or 0.2% to 21,057, both setting new closing highs. However, the DJIA concluded down by 316 points or 0.7% at 44,693, dented by plunges in IBM (IBM.US) and Tesla (TSLA.US). Tesla's 2Q earnings missed forecast with automotive revenue down 16%, whereas Elon Musk warned of challenging times ahead in the coming quarters, resulting in an 8.2% slump in its stock price for the day. IBM (IBM.US) logged a 20% upswing in earnings, topping expectations, but its software gross margin was slightly lower, leading to a 7.6% drop in its stock price. Alphabet (GOOG.US) reported a 19% hike in 2Q earnings, beating expectations, and raised its full-year capex, with its stock price initially soaring nearly 4% before closing with a gain of 0.9%. Major techs were in a mixed bag, with Nvidia (NVDA.US) and Amazon (AMZN.US) both adding 1.7%, and Apple (AAPL.US) dipping 0.2%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
