
#Ford #Trump #Media #D.R #Horton
Key takeaways
- Major US indexes were mixed at midday Tuesday as investors weighed the latest corporate earnings news ahead of big tech earnings after the bell.
- VF shares rose after the apparel giant beat earnings and sales estimates.
- DR Horton shares fell after the homebuilder warned that high interest rates were preventing homebuyers from buying.
Major US indexes were mixed at midday Tuesday as investors weighed the latest corporate earnings news ahead of big tech earnings after the bell. The S&P 500 and Nasdaq rose, while the Dow Jones fell.
Shares of VF Corporation (VFC) rose after the struggling apparel maker behind brands including The North Face and Vans reported better-than-expected results and said its turnaround plan is working.
Shares of Truth Social, the parent company of Trump Media & Technology Group (DJT), majority owned by former President Donald Trump, have halted trading due to volatility after rising more than 21% yesterday. Stocks were higher heading into the afternoon.
Cadence Design Systems (CDNS) shares took off as the electronic design automation software company topped earnings and revenue forecasts and boosted its outlook for demand for artificial intelligence (AI) products.
DR Horton (DHI) shares fell and other housing stocks pulled after the homebuilder reported weaker-than-expected results and warned buyers to postpone purchases due to rising interest rates.
Stanley Black & Decker ( SWK ) shares sank as the tool maker missed earnings and sales estimates and narrowed its outlook on lower demand from consumers and in the auto sector.
Shares of Ford (F) fell after the big three automaker’s third-quarter earnings fell short of analysts’ expectations and its outlook for the year was disappointing.
Oil futures fell, and gold prices rose. The yield on 10-year Treasury bonds rose. The US dollar rose against the euro and the yen, but lost ground against the British pound. Most major cryptocurrencies are trading in the green.
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#Ford #Trump #Media #D.R #Horton