(Updated: April 16, 2024 11:32 am EST)
Investing.com – Major U.S. indexes were mixed on Tuesday as investors digested a cocktail of rising tensions in the Middle East, rising bond yields and quarterly corporate earnings.
Here are some of the biggest players in the US stock market today:
Johnson & Johnson (NYSE:) shares fell 2% after the healthcare giant reported disappointing first-quarter revenue as sales of its popular psoriasis drug Stelara fell short of expectations.
Morgan Stanley (MS) shares rose 4% after the banking giant reported higher first-quarter profit, driven by a rebound in investment banking activity after a two-year deal drought.
UnitedHealth (NYSE:) shares rose 6% after the health insurer said it expected earnings to be lost as much as $1.35 per share for the full year due to disruptions caused by a February cyberattack at its Change Healthcare unit (NASDAQ: :). , a hefty number, but not as large as feared.
Bank of America (BAC) shares fell 4% even as the lender reported sharp growth in investment banking earnings, partly offsetting an expected decline in interest payments.
BNY Mellon (NYSE:) shares fell 3% even as the lender reported a 5% rise in profit as rising asset values drove up investment services fees that more than offset lower interest income at the world’s largest custodian bank.
Tesla (NASDAQ:) shares fell 2.3% after CEO Elon Musk told employees in an internal memo seen by Reuters that the electric vehicle maker is laying off more than 10% of its global workforce as it grapples with falling sales and intensifying price war for electricity. electric vehicles.
AMD (NASDAQ:) shares rose 1% after analysts changed their stance on the chipmaker from “buy” to “hold,” saying the overall addressable AI market is “more than enough to beat.” .
PNC Financial Services Group (NYSE:) shares fell 1.3% after the lender reported a 21% drop in first-quarter profit due to lower interest income as it paid more to hold customer deposits in a high-interest rate environment. .
Ericsson (BS:) ADRs rose 2.5% after the Swedish telecom equipment maker reported better-than-expected first-quarter profit.
Shares of Trump Media & Technology (DJT) fell 10% even as the media company announced plans to gradually roll out a TV streaming platform.
Shares of central nervous system biopharmaceutical company Intra-Cellular Therapies (NASDAQ: NASDAQ:) rose 24% after it announced positive results from Study 501, which evaluated 42 mg lumateperone as an add-on therapy to antidepressants. for the treatment of serious diseases. depressive disorder.
Live Nation Entertainment (NYSE:) shares fell 6% after reports that the US Department of Justice’s ongoing investigation into its anti-competitive practices will lead to an antitrust lawsuit being filed against the company as early as next month. The lawsuit could seek to create a spinoff of Tickmaster.
Additional reporting by Louis Juricic