Key Takeaways
- U.S. equities have been greater at noon Friday, Feb. 2, 2024, as outcomes from Meta and Amazon helped drive up tech shares.
- Cigna shares traded at a greater than one-year excessive because the insurer beat revenue and gross sales forecasts and raised its dividend.
- Falling demand for its cybersecurity merchandise despatched shares of Gen Digital tumbling.
U.S. equities have been greater at noon as yesterday’s outcomes from Meta (META) and Amazon (AMZN) helped drive up tech shares. The Dow, S&P 500, and Nasdaq all rose.
Meta was the best-performing inventory within the S&P 500 after the social media large posted better-than-anticipated outcomes and introduced its first-ever dividend. Amazon additionally beat revenue and gross sales forecasts as advert income rose, and its shares took off.
Shares of The Cigna Group (CI) gained on its robust earnings report and steering, and because the well being insurer boosted its dividend.
Shares of Gen Digital (GEN) slumped after the cybersecurity software program supplier minimize its outlook on slowing demand.
Constitution Communications (CHTR) shares additionally dropped after the dad or mum of the Spectrum cable system reported a shock lack of web clients.
The Labor Division’s newest jobs report confirmed U.S. employers added extra jobs to the economic system than anticipated final month, elevating considerations the labor market’s power might discourage the Federal Reserve from slicing rates of interest and pushing the yield on the 10-year Treasury notice up above 4%.
Gold costs tumbled and that dragged down shares of Newmont Company (NEM) and rival gold miners.
Oil futures fell and the U.S. greenback tumbled versus the euro, pound, and yen. Most main cryptocurrencies traded in optimistic territory.
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