Stocks Mixed as Earnings Roll In - Microsoft Jumps, Google and Texas Instruments Fall
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The Dow Jones Industrial Average edged higher while other major indexes like the Nasdaq fell on mixed earnings news. Google-parent Alphabet plunged after missing cloud sales forecasts.
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Microsoft stock jumped after the company crushed earnings estimates, attributing AI initiatives. Dow component Boeing lifted despite lowering its 737 Max delivery outlook.
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Payment processors sank in sympathy with French company Worldline cutting guidance. Visa gained on earnings beat but Mastercard dipped ahead of its results Thursday.
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Amazon pulled back ahead of its earnings report after the close Thursday. Thermo Fisher Scientific plunged on sales miss and reduced outlook.
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Texas Instruments shares fell after chip company missed sales estimates and gave weak guidance. General Dynamics soared on earnings/sales beat. CME Group whipsawed up on mixed quarterly results.