News

Key Takeaways

U.S. equities were mixed at midday as the market digested the latest round of earnings reports. The Dow Jones Industrial Average and S&P 500 were up, while the Nasdaq was down.

IBM ( IBM ) was the best-performing stock in the Dow and S&P 500 when the computer services provider beat profit estimates as it benefited from higher demand for its artificial intelligence (AI) offerings.

Shares of Las Vegas Sands ( LVS ) gained after the hotel and casino operator exceeded sales forecasts on strong revenue at its Singapore location.

PulteGroup ( PHM ) shares climbed after the home builder posted better-than-expected results and boosted its share buyback program as strategic promotions grew sales of its houses.

UPS ( UPS ) shares tumbled when the biggest U.S. delivery firm said it would cut its business with its Amazon ( AMZN ) by more than 50%.

Shares of Comcast ( CMCSA ) dipped when the cable and media giant reported its broadband customer base dropped more than expected.

Levi Strauss ( LEVI ) warned that macroeconomic conditions and potential tariffs will drag down full-year sales, and shares of the jeans maker dropped.

Oil and gold futures advanced. The yield on the 10-year Treasury note was slightly lower. The U.S. dollar lost ground to the yen, and was little changed against the euro and pound. Prices for most major cryptocurrencies rose.

Read the original article on Investopedia