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market movers to watch as earnings reports impact stock performance
Stocks closed on a sour note as traders anticipate earnings reports from Chevron and Exxon Mobil, with both CEOs scheduled to appear on CNBC. General Motors saw a 13% rise in the last month, while Ford and Stellantis faced declines. Apple reported strong iPhone sales but saw a slight drop in stock after hours, despite a 22.7% year-to-date increase. Financials outperformed in October, while health care and consumer durables struggled.
market movers airlines utilities and tech stocks in focus for traders
Stocks continued to decline, with the Dow and S&P 500 marking a third consecutive losing day. American Airlines and Southwest Airlines are set to report earnings, with American up 22% and Southwest up 13% over the past three months. In the utilities sector, Entergy and Consolidated Edison reached all-time highs, while Honeywell is next to report in a week filled with industrial earnings. Microsoft and Nvidia are also in focus, with both companies showing significant gains this year.
market movers stocks to watch as earnings reports approach
Stocks faced pressure as the Dow and S&P 500 declined for a second consecutive day. Starbucks shares fell 4% after preliminary quarterly results showed sliding same-store sales, while McDonald's dropped 6% amid a CDC alert regarding E. coli cases linked to its Quarter Pounder burgers. Boeing saw a 5% increase over the week, and Coca-Cola is set to release its quarterly report, with its stock up 7% in the past three months.
market movers to watch as stocks react to earnings reports
The Dow snapped a three-day win streak as Kenvue shares surged 5.5% amid investor support for Starboard. GE Aerospace and GM are set to report, with GM up 86% from a post-strike low. Lockheed Martin and RTX also near recent highs, while several new IPOs are expected on Wall Street.
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