Microsoft's earnings beat couldn't pull the Dow back from 3M's dismal day
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| | 10/24/2019 | |
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Stocks Finish Mixed After Dow Earnings, Durable Goods | By Lillian Currens | | More lackluster blue-chip earnings sent the Dow down 28 points today. Specifically, 3M (MMM) weighed on the index after slashing its full-year guidance, with that negative reaction offsetting a strong quarterly earnings report from Microsoft (MSFT). In fact, it was a mixed day for earnings across the board. Outside the Dow, Twitter (TWTR) was hammered hard for its soft revenue forecast, but Tesla (TSLA) stock surged on a surprise profit. Elsewhere, Wall Street digested a steeper-than-forecast drop in durable goods orders -- sparking hopes for a possible Fed interest rate cut next week. Against this backdrop, the S&P and Nasdaq both ended the day in the black. Continue reading for more on today's market, including: | >> Continue reading... | |
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