Stocks Climb on Positive Corporate News
From Nasdaq.: 2024-05-24 11:26:45
The S&P 500, Dow Jones, and Nasdaq Indexes are all up today, driven by positive corporate news. Ross Stores, Booz Allen Hamilton Holding, and International Paper are among the top gainers after reporting strong earnings and forecasts. However, the 10-year T-note yield rose after US economic data exceeded expectations, leading to concerns about higher yields. On the global front, European government bond yields are higher as ECB officials express caution about lowering borrowing costs too rapidly. US stock movers include Ross Stores, Booz Allen Hamilton Holding, and Microchip Technology among the top gainers, while Intuit and Salesforce lead the losers. Workday and Exact Sciences are also down after cutting their forecasts. Earnings reports for 5/24 include companies like Autodesk Inc, Booz Allen Hamilton Holding Co, and RH.
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