From Nasdaq: 2024-05-07 11:39:45

US stock indexes are mixed this morning, with the S&P 500 and Dow Jones reaching multi-week highs, while the Nasdaq is down. International Paper and International Flavors report strong earnings, while Builders FirstSource and Walt Disney disappoint. Overall, Q1 earnings have been better than expected, supporting stocks.

There is speculation of a rate cut later this year as Kansas Fed President Kashkari expresses concerns over inflation. European and Asian markets are up, with the Euro Stoxx 50, Shanghai Composite, and Nikkei Stock Index all posting gains. Interest rates are falling, with the 10-year T-note yield at a 3-1/2 week low.

International Paper, GlobalFoundries, and International Flavors lead gainers, while Builders FirstSource, Walt Disney, and Datadog lead losers. Earnings reports for companies like Arista Networks and Walt Disney are on the calendar for today. Stock market news from Barchart provides further insights for investors.



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