Trending Stocks Today
A pop in Amazon shares is giving the tech-heavy Nasdaq Composite a boost to end a turbulent week.
Amazon said late Thursday that its profit tripled from a year earlier. Intel’s outlook topped Wall Street’s expectations. Shares of both companies climbed Friday.
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Amazon (AMZN): Shares rose more than 7%
Exxon Mobil (XOM), the stock declined 1.5%
JPMorgan (JPM): shares slipped about 3%
Ford Motor (F): Shares fell more than 9%
Charter(CHTR): stock fell more than 5%
Intel (INTC): stock rose more than 9% #trending #stocks pic.twitter.com/AzjXIoFPFF— The_Journalbiz (@the_journalbiz) October 27, 2023
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JPMorgan shares fell after Chief Executive Jamie Dimon announced plans to make his first substantial sale of the bank’s shares since taking over nearly two decades ago.
Amazon (AMZN): The tech giant said quarterly profit tripled to nearly $10 billion on the back of strong sales in its cloud-computing, advertising and retail units. Shares rose more than 7%.
Exxon Mobil (XOM), Chevron (CVX): The supermajors’ quarterly earnings were sharply lower than a year earlier. Chevron stock fell more than 5%, on pace for its lowest close in over a year and the worst performer among the Dow industrials. Exxon stock declined 1.5%.
JPMorgan (JPM): The bank’s shares slipped about 3%. Chief Executive Jamie Dimon announced plans to make his first substantial sale of stock since taking over nearly two decades ago.
Ford Motor (F): The automaker withdrew its annual guidance, citing the United Auto Workers strike. Shares fell more than 9%, on track for their lowest close since January 2021.
Charter Communications (CHTR): Charter’s stock fell more than 5% after the cable and broadband giant warned that it would become more difficult to gain broadband subscribers.
Intel (INTC): The chipmaker’s stock rose more than 9% and was the best performer among the Dow industrials. Its results topped analysts’ expectations, with signs that a PC recovery is starting to take hold.
