The renewed optimism that the Fed will slow the pace of interest-rate increases!
aided by October producer-price index data that came in cooler than expected. That lifted stocks Tuesday
Tweet on Home Depot delivered significant earnings
Stocks are flying today!
As the U.S. inflation came in lighter than expected
The major indices look around noon:
The S&P 500 rose 1.5%.
The Dow Jones Industrial Average gained 0.7%, or about 230 points.
The Nasdaq Composite surged 2.5%.
The 10-year Treasury yield fell to 3.812%. pic.twitter.com/y49LZyjnDa
— The_Journalbiz (@the_journalbiz) November 15, 2022
Trending stocks today:
Shoals Technologies: The solar technology company’s shares jumped 17% premarket after it reported higher earnings and revenue from a year ago.
Home Depot: The retailer’s shares declined 2% in premarket trading after it beat earnings expectations but affirmed its full-year outlook.
Azenta: Shares of the life-sciences company rocketed 32% higher premarket after it reported earnings and said it plans to repurchase at least $1 billion of common stock over the coming year.
Estée Lauder: The cosmetics giant is nearing a deal to buy Tom Ford for roughly $2.8 billion, building on a longstanding licensing deal and marking its largest-ever acquisition, according to people familiar with the matter.
BuzzFeed: The digital media company reported a wider loss but better-than-expected revenue. Its shares added 1.2% premarket.
J&J Snack Foods: The food maker said that inflation had weighed on its results for the recent quarter despite strong sales. Its shares fell 4.3% off hours.
Walmart, Krispy Kreme and Advance Auto Parts are among the companies reporting earnings Tuesday.