Stock market today: Live updates

1 minute ago

Coca-Cola declines despite falling profits

Coca-Cola fell 0.3% in Tuesday’s market pre-open, despite stronger-than-expected profits.

The soda maker earned 72 cents per share, excluding items, on revenue of $11.30 billion. Analysts polled by LSEG expected just 70 cents per share and revenue of $11.01 billion.

Coca-Cola also raised its organic revenue guidance for the full year.

—Alex Harring, Amélia Lucas

17 minutes ago

McDonald’s stock falls after profit miss

Shares of fast food chain McDonald’s were down nearly 2% in premarket trading after the company missed its first-quarter profit estimates.

See the table…

McDonald’s stock.

McDonald’s reported adjusted earnings per share of $2.70 on revenue of $6.17 billion, while analysts surveyed by LSEG forecast $2.72 billion and $6.16 billion, respectively.

Global sales rose just 1.9% in the quarter as consumers cut back on spending, below the consensus estimate of 2.1% collected by FactSet. The company also reported same-store sales growth of 2.5%, below an estimate that called for 2.6%.

—Brian Evans

4 hours ago

European markets open mixed

European stocks were mixed on Tuesday, with the benchmark Stoxx 600 index opening slightly lower and trading 0.07% lower at 8:20 a.m.

Britain’s FTSE 100 index rose 0.38%, while France’s CAC 40 fell 0.1% and Germany’s DAX fell 0.1%.

—Sophie Kiderlin

9 hours ago

Chinese industrial activity grows faster than expected in April

Chinese factory activity rose faster than expected in April, with the official purchasing managers’ index coming in at 50.4 versus 50.3 expected in a Reuters survey.

The expansion in factory activity was lower than the 50.8 seen in March.

Separately, the non-manufacturing PMI slowed to 51.2 from 53.0, with the composite PMI for April also falling to 51.7 from 52.7.

-Lim Hui Jie

10 hours ago

South Korean industrial production falls to 15-month low

South Korea’s industrial production fell to a 15-month low in March, according to data released by the government.

In March, industrial production fell 3.2% month-over-month on a seasonally adjusted basis, after increasing 2.9% in February.

The March figure also marked the biggest drop in industrial production since December 2022, according to LSEG data.

That figure fell short of expectations in a Reuters survey for a 0.6 percent month-on-month increase.

-Shreyashi Sanyal

11 hours ago

Japan would have intervened to support the yen; senior currency official declines to comment

The volatility observed in the yen was due to intervention by Japanese authorities, the Wall Street Journal reported Monday evening.

Citing people familiar with the matter, the WSJ reported that Japan had intervened to support the yen by selling U.S. dollars and buying back yen.

The currency weakened to a 34-year low of 160.03 against the greenback, before suddenly strengthening around the 155 level.

Japan’s top foreign exchange diplomat, Masato Kanda, declined to say whether the Finance Ministry had intervened, adding that authorities were prepared to deal with foreign exchange issues “around the clock”, Reuters reported on Tuesday.

-Lim Hui Jie

13 hours ago

Stocks Make Biggest Moves After Hours

Check out the businesses making headlines after hours.

  • Paramount Global — Shares rose less than 1% after CBS television parent company announced that its CEO, Bob Bakish, would resign and be replaced by a “CEO office.” The news comes as Paramount reported earnings per share of 62 cents, beating the 36 cents expected by analysts surveyed by LSEG. Otherwise, revenue of $7.69 billion fell short of the expected $7.73 billion.
  • Chegg — Education technology stock fell more than 7%. Chegg announced a CEO change and issued disappointing second-quarter revenue guidance of $159 million to $161 million, lower than the $174 million expected by analysts surveyed by LSEG.
  • NXP Semiconductors — Shares jumped more than 5% after the chipmaker reported adjusted earnings of $3.24 per share, higher than the LSEG consensus estimate of $3.16 per share. Revenue of $3.13 billion was in line with forecasts.

Read the full list here.

-Sarah Min

13 hours ago

Stock futures opened little changed Monday evening

Stock futures opened little changed Monday evening.

Dow Jones Industrial Average futures rose 2 points, or 0.01%. S&P 500 futures were flat, while Nasdaq 100 futures rose 0.04%.

-Sarah Min

News Source :
Gn bussni

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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