Dow slips, S&P inches up, Nasdaq hits new high with mixed after-hours earnings

From Nasdaq: 2024-05-20 17:59:00

On Monday, the Dow Jones slipped -0.49%, the S&P 500 inched up +0.09%, and Nasdaq jumped +0.65%, hitting a new record high. Microsoft led, up +1.2%, while JPMorgan fell -4.5%. After hours, Palo Alto Networks beat earnings but saw shares drop -9%, Zoom Media’s earnings beat estimates but gave a weak guidance, causing a -2% drop in shares.

Tomorrow, Macy’s, Lowe’s, AutoZone, Toll Brothers, and Urban Outfitters will report earnings. A chemical company with 65% growth last year has attracted Zacks experts’ attention, expecting it to double in the coming months. Investors are invited to explore the Top Stock pick and potential runners-up for significant growth opportunities.



Read more at Nasdaq: Dow Draws Back from Highs, Nasdaq Sits at New Record