Wednesday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
The Dow Industrials jumped more than 500 points on Tuesday as traders grew optimistic over the earnings season.
TL;DR
- Dow Industrials gained over 500 points.
- AT&T is up nearly 7% in three months, but off 20% from its March high.
- Abbott Laboratories is flat in the last three months, down 22% from its November high.
- Philip Morris is up nearly 4% in three months, off 5% from its high.
- United Airlines CEO Scott Kirby will be on 'Squawk Box'; the stock is down in extended trading after missing earnings and cutting outlook.
- Investor Brad Gerstner discussed CoreWeave, Nebius, and Iren, noting potential opportunities in CoreWeave despite its recent stock performance.
- CoreWeave shares closed higher but are down 51% in 12 months and off 20% in a week.
- SpaceX stock is up almost 8% after hours on earnings, but down 35% from its post-IPO high.
- After-hours earnings reports show IBM up nearly 14% in three months, Meta Platforms up 7%, and Tesla up 1% in the same period.
- IBM is down 27% from its June high, Meta Platforms is off 11% from last month's high, and Tesla is down 25% from its December high.