UPS shares rose as investors applauded the shipping giant’s turnaround efforts.
-
Major U.S. stock indexes hit new intraday highs Tuesday on the back of strong corporate earnings and as the Federal Reserve’s two-day meeting began.
-
Shares of United Parcel Service rose after the shipping giant posted strong quarterly results.
-
Royal Caribbean Cruises shares fell after the cruise operator’s quarterly revenue fell short of analyst expectations.
Major U.S. stock indexes hit new intraday highs Tuesday on the back of strong corporate earnings and as the Federal Reserve’s two-day meeting began. The Dow Jones Industrial Average, Nasdaq and S&P 500 set new records for the third consecutive session.
PayPal (PYPL) shares soared after the company signed a deal with OpenAI to integrate its digital wallet into ChatGPT for purchases.
United Parcel Service (Universal Postal Union) shares rose after strong quarterly results as investors applauded the shipping giant’s turnaround efforts.
Sherwin-Williams (SHW) was the top-performing stock on the Dow Jones after the paint supplier posted third-quarter earnings that topped analyst estimates.
F5 (FFIV) shares sank on a weak outlook after the company said it “anticipates some near-term disruption to sales cycles as customers focus on assessing and remediating their environments” due to a recent cybersecurity incident.
Royal Caribbean Cruises Stock (RCL) fell after the cruise operator’s quarterly revenue fell short of analyst expectations.
CarMax (KMX) shares also fell when S&P Dow Jones Indices said the company will be removed from the S&P 500 and moved to the S&P SmallCap 600 before the open of trading on Friday.
Gold and oil futures fell. The 10-year Treasury yield was little changed. The US dollar fell against the yen and euro and rose against the pound. Major cryptocurrencies had mixed results.
Read the original article on Investopedia