Marketwatch, stocks, bonds and more!
Stocks rallied after a strong round of corporate earnings helped reverse a selloff earlier this week.
The S&P 500 rose 2%.
Tweet on trending stocks
Market watch:
Amazon (AMZN): stock was down 3.3%
Exxon's stock was recently up 2.1%
Chevron's shares edged up 0.8%
Snap (SNAP): stock was down recently 18%
Pinterest (PINS) also fell 18%
Intel (INTC): stock was recently up 4%
First Republic Bank (FRC): Shares dived 37%#stocks pic.twitter.com/ezdjR1g8FZ— The_Journalbiz (@the_journalbiz) April 28, 2023
Factset chart
The Dow Jones Industrial Average rose 524 points, or 1.6%, while the tech-heavy Nasdaq Composite gained 2.4%, while the trending stocks today are:
Amazon (AMZN): The e-commerce giant’s cloud-computing business showed further signs of cooling. Its stock was down 3.3% in afternoon trading.
Exxon Mobil (XOM), Chevron (CVX): Results from the West’s two largest oil companies showed resilience in the face of falling energy prices. Exxon’s stock was recently up 2.1%; Chevron’s shares edged up 0.8%.
Snap (SNAP): The social-media company reported its first quarterly sales drop. Snap stock was down recently 18%. Pinterest (PINS) also came under pressure and fell 18%.
Intel (INTC): The semiconductor giant posted a record quarterly loss, but its revenue beat expectations. Intel’s stock was recently up 4%.
First Republic Bank (FRC): Shares in the troubled midsize lender took another steep dive, falling 37%.
Mondelez (MDLZ): The maker of Oreo cookies lifted its revenue-growth forecast and reported sales that beat consensus estimates. Shares gained 4.3% in afternoon trading.
Cloudflare (NET): Stock in the internet-security company tumbled around 24% after it cut its revenue guidance
