Market news
21.04.2011, 17:47

Dow +37.58 at 12491.12, Nasdaq +15.23 at 2818.21, S&P +6.36 at 1337.11

The major equity averages have modestly extended the prior session's sharp rally. The effort comes on the back of a big batch of earnings.
Apple (AAPL 352.12, +9.71) and Qualcomm (QCOM 56.85, +1.58) both posted pleasing results for the latest quarter, helping drive the tech sector to a 1% gain.
Financials have even garnered support after they had lagged in the past couple of sessions and even faltered this morning. That sector is up 0.6% amid leadership from Morgan Stanley (MS 26.61, +0.57), BlackRock (BLK 197.78, +4.06), and Dow component Travelers (TRV 60.98, +1.85). However, consumer finance plays Capital One (COF 53.45, +2.92) and American Express (AXP 47.18, +0.18) are up with varied gains while regional banks Fifth Third (FITB 13.12, -0.20), SunTrust (STI 27.26, -0.37), and BB&T (BBT 25.78, -0.81) have struggled. All of them announced earnings that exceeded what Wall Street had expected.
General Electric (GE 19.97, -0.43) also announced upside earnings and threw in a dividend hike. Fellow industrial outfit Honeywell (HON 60.83, +2.09) had stronger-than-expected earnings of its own, but complemented its report with an improved forecast.
Dow component McDonalds (MCD 77.11, -1.29) has handed back all of yesterday's gain, despite strong earnings. Chipotle Mexican Grill (CMG 278.60, -9.50) has also dropped, despite better-than-expected earnings and its addition to the S&P500. However, Yum! Brands (YUM 54.44, +2.89) has spiked to a new 52-week high, even though earnings from the owner of KFC, Pizza Hut, Taco Bell, and Long John Silver's came short of the consensus estimate.
Health care stocks are off of session highs, but they continue to sport a collective gain of 0.7% following a strong response to the latest results from UnitedHealth (UNH 47.83, +3.59) and Boston Scientific (BSX 7.29, +0.21). Amgen (AMGN 53.46, -2.72) has dropped sharply following its latest quarterly report.
Neither Schlumberger (SLB 89.90, +2.01) nor Noble (NE 42.31, -1.12) managed to meet earnings estimates, but Diamond Offshore (DO 77.65, +1.25) posted an upside surprise. The energy sector has managed to muster a modest gain of 0.3%. Oil prices trade with the same gain at $111.75 per barrel.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location