Key Takeaways
- U.S. equities were higher astatine midday Thursday pursuing a study showing nan U.S. system grew much than expected successful nan 2nd quarter.
- Molina Healthcare shares surged arsenic nan aesculapian insurer reported gross from premiums soared.
- Shares of Ford plunged aft nan automaker’s net came successful beneath estimates.
The S&P 500 and Nasdaq rallied from earlier losses and were higher astatine midday, arsenic was nan Dow, aft nan authorities reported stronger-than-expected economical maturation successful nan 2nd quarter.
Molina Healthcare (MOH) shares took disconnected arsenic nan aesculapian insurer reported gross from premiums soared 17%, and expects it will turn that overmuch for nan afloat year.
Shares of Keurig Dr Pepper (KDP) besides jumped arsenic higher prices boosted nan soft portion maker’s profit and sales.
Viking Therapeutics (VKTX) shares skyrocketed aft nan biotech patient announced it was moving its experimental weight-loss curen to a late-stage proceedings earlier than anticipated.
Edwards Lifesciences (EW) shares cratered arsenic nan aesculapian exertion patient slashed its full-year guidance for income of a bosom device.
Shares of Ford Motor (F) plunged aft nan automaker’s earnings came successful beneath estimates connected warranty costs, and it continued to station large losses connected electrical vehicles (EVs).
Honeywell International (HON) shares dropped aft nan institution lowered its 2024 profit guidance connected management's outlook for nan remainder of nan year, including nan effect of acquisitions.
Oil and golden futures were down. The output connected nan 10-year Treasury statement declined. The U.S. dollar roseate versus nan pound, but fell to nan euro and yen. Prices for astir awesome cryptocurrencies tumbled.