Stocks rebound with some companies reporting strong Q2 results and others weaker performance

From Nasdaq: 2024-08-09 13:47:20

US stocks are trading higher, with the S&P 500, Dow Jones, and Nasdaq up. Akamai, Expedia, and Trade Desk report strong Q2 results boosting their stock prices. On the flip side, Insulet, Intel, and Sealed Air are down due to weaker performance. Markets are expecting a rate cut after dovish comments. Over in Europe, bond yields are lower, while stock markets are mixed globally. Swaps indicate an ECB rate cut is likely. Stock movers include Akamai, Expedia, Trade Desk, Eli Lilly, Solventum, Take-Two Interactive, Paramount Global, Doximity, Sweetgreen, Insulet, Intel, Sealed Air, EchoStar, Elf Beauty, Five9, and Mitek Systems. Earnings reports today from Dillard’s, Evergy, and New Fortress Energy.



Read more at Nasdaq: Stocks Continue to Rebound in the Afternoon Trading Session