Markets Fight Back, Stay Red; MSFT, GOOGL, SNAP Beat on Late Earnings

From Nasdaq: 2024-04-25 18:11:00

Stock markets opened lower but rebounded to close near session highs, with the Dow down -375 points. Economic data and earnings reports, including misses from Caterpillar, American, and Southwest Airlines, led to negative sentiment. Microsoft and Alphabet beat expectations with strong earnings. Snap reported positive earnings and strong revenue growth, while Intel’s next-quarter guidance fell short, causing a -8% drop in share price.



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