From Nasdaq: 2024-11-22 14:22:23

The S&P 500, Dow Jones, and Nasdaq are all up today, with positive corporate news boosting stocks. Super Micro Computer and Ross Stores lead gains after reporting strong earnings. Concerns about the Eurozone economy and the Ukraine-Russia conflict are limiting stock gains. Earnings reports show most S&P 500 companies beat estimates in Q3.

Interest rates are up slightly, with 10-year T-notes climbing on support from European government bond rallies. President-elect Trump’s support for Kevin Warsh as Treasury Secretary is bond-friendly. Eurozone economic data shows contraction, and German GDP was revised lower. Swaps indicate a rate cut by the ECB at its December meeting.

Stock movers include Super Micro Computer, Copart, Gap, Ross Stores, and Elastic NV, all posting gains after positive earnings reports. Nike, Viking Therapeutics, and NetApp also see gains. Intuit and Palo Alto Networks are among the losers after weak forecasts or downgrades.

Reddit, Nvidia, Alphabet, Tenet Healthcare, and HCA Healthcare are among the losers today, with issues ranging from technical problems to weaker revenue forecasts. Earnings reports for November 22, 2024, include AMMO Inc, B Riley Financial, The Buckle Inc, Destination XL Group, Evolv Technologies Holdings, IES Holdings, and Spire Global Inc.



Read more at Nasdaq: Stocks Push Higher on Positive Corporate News