S&P 500 Gains and Losses Today

Here are the S&P 500 stocks that gained and lost the most today, and 澳洲幸运5开奖号📖码历史查询:the stories behind the market movers.

Verizon, 3M, Cocᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚa-Cola Earnings Propel Dow to 200-Point Gai💫n

The 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average broke its four-session losing streak🅷, rising about 0.6%, or 205 points, on the back of strong earnings from several components.

Verizon (VZ) surged 9.3% to lead the index higher, with the telecommunications provider reporting 澳洲幸运5开奖号码历史查询:better-than-expected thirꦗd-♋quarter earnings after it was able to offset l♎osses in cellular subscribers with additions in broadband services and wireless business customers. 

Shares of 3M (MMM) jumped 5.3% after it reported earnings that beat analyst estimates despite sales declines across all its divisions, crediting its operational exe🌟cution, restructuring actions, and proactive spending discipline. 

Shares of Coca-Cola (KO) gained 2.9% on its 澳洲幸运5开奖号码历史查询:third-quarter report. Consumers accept𝓡ed the drink maker’s price hikes, boosting net income by 7% over the same quarter last year. Coca-Cola raised its full-year earnings growth forecast to a range of 7% to 8%, up from its prior guidance of 5% to 6%.

Dow Inc. (DOW) shares moved higher by 2.1% after its third-quarter earnings beat analys𒐪t expectations, despite falling fromꦕ the same quarter last year on lower sales volume.

Visa (V) shares rose 1.4% ahead of its earnings report after markets closed. Microsoft (MSFT), also reporting after the bell, gained 0.4%.

Walgreens Boots Alliance (WBA) shares dropped 2.7%, breaking a tw⛦o-day win streak for the struggling pharmacy chain that this week welcomed its new CEO, healthcare industry veteran Tim 🏅Wentworth.

Chevron (CVX) shares declined 2.5%, falling again after its 澳洲幸运5开奖号码历史查询:agreement to purchase Hess, as 澳洲幸运5开奖号码历史查询:WTI crude futures fell about 2%.

-Terry Lane

GM Pulls Fu🅷ll-Ye☂ar Guidance as UAW Strike Expands, Hitting Profits

General Motors Co. (GM) pulled its full-year guidance in iꦬts third-quarter earnings report released Tuesday amid uncertainty surrounding the growing strike by the United Auto Workers (UAW) union.

"Because of this uncertainty we've chosen to withdraw our 2023 full-year guidance metrics, even though our strong underlying business fundamentals were pushing us towards the upper half of the range prior to any strike impact,” GM Chief Financial Officer (CFO) Paul Jacobson said in Tuesday's earnings call. GM had previously projected adjusted 澳洲幸运5开奖号码历史查询:ea🤡rnings before interest and ta🥃xes (EBIT) for the full year of between $12 billion and $14 billion.

The automaker posted a third-quarter profit of $3.06 billion, a 7% from a year ago partly attributable to the UAW strike's estimated $200 million impact in the last two weeks of the quarter.

Shortly after earnings were released on Tuesday morning, the UAW expanded its 澳洲幸运5开奖号码历史查询:stand-up strike to include 5,000 workers at GM's largest plant, in Arlingt෴on, Texas.

General Motors shares were down nearly 3% shortly before the end⛎ of the trading session.

-Naomi Buchanan

Coalition of States Sues Meta Over Addictive App Features💧; Shares Slump

A group of 33 states filed a lawsuit against Facebook-parent Meta Platforms (META) Tuesday alleging that it designed social media features to ensnare young users and get them to spend more time on its platforms, all while saying those features were not designed to be addictive. 

The lawsuit, filed in U.S. District Court for the Northern District of California, also accuses Meta of violating the Children's Online Privacy Protection Act (COPPA) by knowingly collecting personal information from users under the age of 13 without parental consent. 

The suit comes one year after the European Data Protection Board fined Meta subsidiary Instagram 405 million euros, then the agency’s largest fine under 2018’s 澳洲幸运5开奖号码历史查询:General Data Protection Regulation, for violating children’s dat🦹a p🐷rivacy laws. 

Meta shares, up more t✃han 1% ꧟this morning, sank Tuesday afternoon to trade about 0.5% lower.

Oil Pr🔴ices Fall on Fears of Eurozone Downturn, Demand Concerns

Oil prices fell Tuesday as investors digested weak economic data out of Europe, raising fears of an economic downturn in one of the world's largest markets.

S&P Global's HCOB Eurozone flash 澳洲幸运5开奖号码历史查询:Purchasing Managers Index output index, a preliminary measure of economic activity, fell to 46.5, nearly a 3-year low, in October from 47.2♎ in September. Private sector output fell at its fastest rate in a decade—excluding pandemic-related decreases—and employers cut headcount for the first time since Covid lockdowns in 2021.

“In the Eurozone, things are moving from bad to worse. Manufacturing has been in a slump for sixteen months, services for three, and both PMI headline indices just took another hit," said Dr. Cyrus de la Rubia, chief economist at Hamburg Commercial Bank in a statement.

"We wouldn’t be caught off guard to see a mild recession in the Eurozone in the second half of this year with two back to back quarters of negative growth," he added.

Meanwhile, the International Energy Administration said that the transition to clean energy had gained enough momentum for fossil fuel demand to potentially peak before ꦅthe end of the decade.

澳洲幸运5开奖号码历史查询:Brent crude futures, the European oil benchmark, fell almost 3% to about $87 a barrel on the Eurozone's bleak outlook. 澳洲幸运5开奖号码历史查询:West Texas Intermediate, the 🌠U.S. benchmark, fell about 2% less than $84 a barrel.

Logitech Shares Spike After Reporting Profit Jumped𝐆 as🌠 the PC Accessory Maker Cut Costs

Logitech International (LOGI) shares spiked a𒉰fter the PC equipment supplier repoꩵrted profit soared and it raised its guidance on lower expenses.

The maker of keyboards and other computer peripherals posted second-quarter fiscal 2024 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.09, 30% higher than a year ago and almost double what analysts had expected. Sales dropped 8% to $1.06 billion but were still above forecasts.

Demand for computer accessories has waned since the COVID-19 boom when lockdowns forced people to work and attend school at home. However, CFO Chuck Boyto꧋n noted that Logitech’s “focus on cost dis🅠cipline with a customer-first mindset is paying off, with share growth in key categories.”

Shares of Logitech were up over 10% in early t⛄rading on Tuesday to their highest level in a year and a half following the news. 

-Bill McColl

Midday Market Movers

Here are 澳洲幸运5开奖号码历史查询:the stocks moving markets heading into the afternoon.

Verizon Communications (VZ): Shares soared more than 9% as the telecom provider reported profit and 澳洲幸运5开奖号码历史查询:subscriber growth that beat forecasts and predicted it will gain more subs💃cribers in the current quarter.

W.R. Berkley (WRB): Shares advanced🌸 7% as the insurer's net investme⛎nt income set a record and gross and net premiums written increased.

Alphabet Inc. (GOOGL): Shares gained almost 2% ahead of the te𓂃ch giant's third-quarter earnings report after❀ the bell.

HCA Healthcare (HCA): Share🐽s tumbled more t𝓀han 4% after the hospital and health care chain missed quarterly earnings estimates and narrowed its outlook as the company’s physician staffing joint venture with Valesco underperformed.

Corning (GLW): Shares sank al�ꦬ�most 3% after the company warned of falling demand for its fiber optic glass cables. It also indicated current quarter core sales will be below estimates.

-Bill McColl

GE Raises Full-Year Guidance After Strong💎 3Q; Share Price Rises

General Electric (GE) reported third-quarter earnin🦩gs that beat analysts' expectations and raised full-year guidance, sending the company's sha🌠res sharply higher in early trading.

The company said Tuesday that adjusted revenue rose 18% from a year earlier to $16.5 billion in the third quarter, while earnings per share came in at 82 cents, compared with a loss of 17 cents a share in the third quarter of 2022.

The better-than-expected performance was driven by the strength of GE Aerospace, where revenue increased 25% to $8.4 billion and profit rose 33%. The Renewable Energy and Power businesses, which are part of GE Vernovaౠ, showed revenue increases of 14% and 9%, respectively.

The company, which has been steadily raising its guidance this year, said it now expects full-year adju🌟sted EPS of $2.55-$2.65, up from the $2.10-$2.30 range it projected in July. Free cash flow for the full year is now projected at $4.7 billion to $5.1 billion, up from the $4.1 billion-$4.6 billion forecast in July.

GE shares were up about 7% Tuesday morning. They have gained 86% in the last year after reaching their lo♔west level in over two decades in 2021.

-Nathan Reiff

3M Shares Jump on Cost Cuts, Earnings Beat

Shares of industrial conglomerate and 澳洲幸运5开奖号码历史查询:Dow component 3M Co. (MMM) jumped more than 5% after it reported better-than-expected earnings on the back of restructur𒐪ing and cost controls. 

3M reported sales of $8.3 billion, a 3.6% decline from the year-ago quarter. Stripping out the sale of products containing environmentally damaging per- and polyfluoroalkyl substances (PFAS), which the company has 澳洲幸⛄运5开奖号码历史查询:vowed to stop manufacturing🐠 and selling by 2025, revenue declined 3% to $8 billion. 

Operating margins, excluding one-time charges like a $4.2 billion 澳洲幸运5开奖号码历史查询:settlement o🎀f a faulty earplugs lawsuit, grew 1.6 percentage points to 👍23.2%. That boosted adjusted earnings per share to $🅺2.68 from $2.60 a year ago.

Verizon's Earnings Beat Driven By Home and Business Internet, Wireless Subscribers Fall

Verizon's (VZ) home and business 澳洲幸运5开奖号码历史📖查询:wireless business boﷺosted third-quarter earnings even as the💯 telecom giant lost cellular subscribers.

Verizon earnings by the numbers:

• Revenue: $33.34 billion vs. $33.48 billion expected, according to analyst estimates compiled by Visible Alpha.
• Adjusted earnings per share: $1.22 vs. $1.18 expected

Verizon saw 434,000 net additions for its broadband service, up 15% from the same period last year. Consumer wireless business revenue grew 2.9% to $15.96 billion on the back of fixed wireless additions, even as both postpaid and retail wireless subscribers tapered.

Shares jumped more than 7% in early trading Tuesday as the bottom-line results topped analysts' expectations and the company raised its guidance for 2023 澳洲幸运5开奖号码历史查询:free cash flow by $1 billion, to $18 billion.

-Nathan Reiff

Stocks Making the Biggest Moves Premarket

RTX Corp. (RTX): Shares of the aeronautics and defense company jumped more than 9% after it reported better-than-expected third-quarter earnings and approved a $10 billion share buyback program. ꦬ

Coinbase Global Inc. (COIN): The cryptocurrency exchange’s shares surged more than 8% after the price of Bitcoin topped $35,000 on the finalization of a court order that will force the Securities and Exchange Commission to reconsider Grayscale’s rejected applic🅺ation to convert its Bitcoin Trust into an exchange-traded fund. 

General Electric Co. (GE): Shares of the industrial conglomerate r🧸𒁏ose more than 5% after its third-quarter earnings topped Wall Street’s estimates on booming demand for aircraft parts and services.

Spotify Technology S.A. (SPOT): Shares of the music streaming platform rose almost 5% after it reported that cost cuts helped it post a surprise profit in the third quarter, earning 0.33 euros per share against eℱstimates of a 0.20 euro per share loss. 

Verizon Communications Inc. (VZ): Shares of the telecom giant rose more than 4% after it raised its full-year free cash flow gu🏅idance and reported a smaller-than-expected drop in quarterly earnings. 

Danaher Corp. (DHR): Shares fell more than 3% after the health sciences conglomerate beat Wall Street’s earnings estimates, but warned it expects fourth-q🦋uarter and full-year core b🎃usiness sales to fall year-over-year.

Coca-Cola Rises Premarket on Earnings Beat

Shares of Coca-Cola Co. (KO) rose nearly 2% in premarket trading after it topped analysts’ sales and earnings expectations on slightly higher volumes and 💯price hikes. 

Coca-Cola earnings by the numbers:

• Net operating revenue: $11.91 billion vs. $11.57 billion expected, according to analyst estimates compiled by Visible Alpha.
• Adjusted earnings per share: 74 cents vs. 69 cents expected

Price/mix, a measure of the impact of price increases and sales mix on revenue growth, rose 9%, which the company partially attributed to price increases in most markets.

Still, consumers for the most part accepted higher prices, pushing global unit case volume, a measure of sales growth that strips out the impact ဣof price increases and currency impacts, up 2%.

Organic sales, which st♎rips out the influence of acquisitions and dives𒁃titures, grew 11%.

Stock Futures Upꦕ Ahead of Day of Big Tech Earnings

Futures contracts connected to the Dow Jones Industrial Average were 0.4% higher in premarket trading Tuesday after Dow component Coca-Cola (KO) beat earnings estimates and boosted its full﷽-year profit outlook.

S&P 𝔉500 futures were 0.5% highꦰer a little over an hour before the open.

Nasdaq 100 futures were also up 0.5%.