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Stock Market News: 25 October 2019



U.S. the shares were pushed higher after the Trump administration said it was making progress on a preliminary trade agreement with China. The report sent the S&P 500 up above its record-breaking level, as the three major indices were added to earlier earnings after a batch of corporate earnings results.

<p class = "canvas-atom canvas-text Mb (1

.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "At its highest point on Friday morning The S&P 500 rose to 3,027.39, surpassing the final high of 3,025.86 reaching the end of July. & nbsp; It came within one point of its highest intraday level of 3027,98. " reactid = "16"> At its highest point on Friday morning, the S&P 500 rose to 3,027.39, surpassing the final high of 3,025.86, which reached the end of July. It came at one point from its highest internal day high of 3027.98.

Here were the main movements in the market as of 3:12 PM ET:

  • S&P 500 (^ GSPC): + 0.39% or 11.66 points

  • Dow (^ DJI): + 0.58%, or 154.23 points

  • Nasdaq (^ IXIC): + 0.6%, or 49.3 points

  • 10-year cash register (^ TNX): +3.2 bps to 1.798%

  • Crude oil price WTI (CL = F ): + 0.7% to $ 56.66 a barrel

  • Gold (GC = F): + 0.23% to $ 1,508.20 an ounce

In a statement, the Office of the US Trade Representative stated that Robert Lighthouse and the Secretary of the Treasury Stephen Mnuchin spoke with Chinese Deputy Prime Minister Liu He on Friday to discuss phase one deal between the two thorns. "They have made progress on specific issues and both sides are close to finalizing some parts of the agreement," the statement said. "Discussions will continue at alternate level and directors will have another call in the near future."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em ) – sm Meanwhile, investors weighed a mixed bag of corporate earnings upward, shrinking earlier downturns after Amazon's mega-cap ( AMZN ) reported a disappointing quarter. increased by more than 100 points when shares of Intel component company ( INTC ) jumped after the chipmaker surpassed expectations and guidance for the third trim "data-reactid =" 27 "> In the meantime, investors have weighed the mixed bag of corporate profits upward, shrinking early after a mega-cap Amazon (AMZN) reported a disappointing quarter. The Dow gained more than 100 points as shares of Intel (INTC) jumped after the chipmaker topped expectations and guidance for the third quarter.

The busiest week for the earnings season has provided investors with a mixed picture of corporate status. Against the background of slowing global growth and continuing trade concerns, the current list of quarterly reports manages – or in some cases fails – to navigate the advanced macroeconomic picture.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Profit missed from major bells, including Caterpillar ( CAT ) and 3M ( MMM ) for manufacturers and Texas Instruments ( TXN ) for semiconductors have intensified the woes experienced by the sectors most exposed to current But the weaker-than-expected reports this week were offset by strong results from other closely watched names like & nbsp; Microsoft ( MSFT ), & nbsp; Tesla ( TSLA ) and Blackstone ( BX ). "Data-reactid =" 29 "> Furnace alba misses from major bells, including Caterpillar (CAT) and 3M (MMM) for manufacturers, and Texas Instruments (TXN) for semiconductors, amplifying the woes experienced by the sectors most exposed to the current environment. But the weaker-than-expected reports this week were offset by strong results from other closely watched names such as Microsoft (MSFT), Tesla (TSLA) and Blackstone (BX).

Against the backdrop of a flood of reports, the three major Internal Stock Indices were on track to post upside during the week and close near or above record highs.

WON: Amazon Shipping Cost Strikes Again

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Amazon ( AMZN ) missed third quarter earnings expectations and gave a disappointing fourth quarter quarterly forecast as higher day-to-day shipping costs, encrypted profit for another quarter, profit declined for the first time in more than two years during the period, coming in at $ 4.23 a share against the expected $ 4.59, according to consensus data "collected by Bloomberg." data-reactid = "32"> Amazon ( AMZN ) missed the third quarter earnings expectations and gave a disappointing fourth quarter forecast as -higher shipping costs associated with one-day deliveries critical margins in another quarter. Earnings declined for the first time in more than two years during the period, reaching $ 4.23 per share against the expected $ 4.59, according to consensus data collected by Bloomberg.

Operating margins contracted in the last quarter to 4.5%, from 2.9% in the second quarter and 7.4% in the first quarter, and sales growth in its Amazon Web Services higher margin business sank below 40 % for the second consecutive quarter.

Traders and financial professionals work on the floor of the New York Stock Exchange. (Photo by Drew Angerer / Getty Images)

Amazon said it expects the push to expand day-to-day delivery will cost about $ 1.5 billion in the fourth quarter – well above the $ 800 million it originally projected for expenditure, In each of the two quarters before, it exceeds this amount. Quarterly revenue is also expected to be $ 86.5 billion, if analysts estimate $ 87 billion in consensus.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Visa ( V on the other hand, exceeded expectations in the top and bottom quarters for the third quarter. However, stocks fluctuated between gains and losses on overnight trading, as investors considered missing out on cross-border volumes, an area in which Visa is able to capture higher fees than internal transactions, and the company is also firing more incentives to lure banking and commercial partners to its network. "data-reactid =" 46 "> Vi sa ( V ), on the other hand, exceeded expectations in the top and bottom lines for the third quarter. However, stocks fluctuated between gains and losses during overnight trading, as investors considered missing out on cross-border volumes, an area in which Visa was able to charge higher fees than domestic transactions. The company also reveals more incentives to lure banking and commercial partners to its network.

Cross-border transactions rose 7% in the third quarter, 50 basis points below consensus expectations. During the quarter, Visa had $ 1.7 billion in incentives – an item against revenue, up 13% from last year. Visa expects customer incentives to be 22.5% to 23.5% of gross revenue in fiscal 2020

Mb (1.0em) Mb (0) – sm Mt ( 0.8em) – -sm "type =" text "content =" AB InBev ( BUD ), maker of Corona and Stella Artois, posted a major third-quarter earnings loss and reduced its full – year earnings guide, sending US registered stocks sinking in early trading. Base earnings per share for the third quarter came in at 94 cents, or 12 cents below expectations. including foreign exchange impact, grew by just 2.7% year-over-year with an expected 4.7% increase. "data-reactid =" 52 "> AB InBev ( BUD ), manufacturer of Corona and Stella Artois , reported a large third quarter earnings loss and reduced its full year earnings guidance, sending US listed shares sinking in early trading. Earnings per share for the third quarter reached 94 cents, or 12 cents below expectations. Organic revenue, which eliminates factors including currency impact, grew only 2.7% year-over-year, against a 4.7% increase.

Calling a "challenging" quarter, the Belgian company reported a decline in beer supplies. in both China and the US, amid declining trends in beer consumption in the US. The company said it now expects only moderate EBITDA growth in fiscal 2019, as "additional headwinds" facing the third quarter are likely to continue into the fourth, AB InBev said.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Verizon ( VZ ), the parent company of Yahoo Finance, exceeded expectations for the third quarter as both free and prepaid subscribers increased in the quarter. $ 1.25 a quarter, one penny more well than expected, while $ 32.9 billion in revenue also outpaced the $ 32.7 billion consensus. "data-reactid =" 54 "> Verizon ( VZ ), the parent company of Yahoo Finance , exceeded expectations for the third trim logging both one-time paid wireless and prepaid customers increased in the quarter. Adjusted earnings per share were $ 1.25 in the quarter, one-hundredth better than expected, while revenue of $ 32.9 billion also outpaced the consensus of $ 32.7 billion.

Total free subscribers jumped 601,000 in the quarter, more than double the same period last year. Verizon launches 5G services in 13 new cities in the quarter.

Catch what you missed

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Emily McCormick is a Yahoo Finance reporter. Follow her on Twitter: @emily_mcck [data-reactid="70"> Emily McCormick is a Yahoo Finance reporter. Follow me on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" Read more from Emily: "data-reactid =" 71 "> Read more from Emily:

<p class =" canvas-atom canvas-text Mb (1.0em ) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit . ] "data-reactid =" 78 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn [19659018] and [19659017] reddit .


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