Major indices are closing with mixed results:
- Dow industrial average rose 123.24 points or 0.28% at 44593.65
- S&P index rose 2.07 points or 0.03% at 6068.51
- NASDAQ index fell -70.41 points or -0.36% at 19643.86
The small-cap Russell 2000 was also lower on the day with a decline of -12.23 points or -0.53% at 2275.70.
In other stock specific news:
- Meta close higher for the 17th consecutive day. Shares rose by $2.40 or 0.33% at $719.80
- Intel rose by 6.10% on expectations for chip production in the US increasing due to tariffs. Intel is building new production facilities in the US. Shares closed up $1.20 or 6.07% at $20.97
In earnings after the close,
Gilead beat expectations the expectations
- EPS $1.90 versus expectations of $1.70
- Revenues $7.57 billion versus expected $7.14 billion
- Shares are up 3.49% at $99.50
Super MIcro (SMCI) preliminary numbers
- EPS $0.58-$0.60 versus estimate of $0.64 MISSED
- Revenues $5.6 billion to $5.7 billion versus estimate $5.89 billion MISSED
- Cutting full-year guidance $23.5 billion – $25 billion versus $24.92 billion estimate
- Shares of SMCI are trading up about 1% at $39
Lyft:
- EPS $0.15 versus $0.22 expected- MISSED
- Revenues $1.55 billion versus $1.56 billion expected – MISSED
- Shares are trading down -$1.44 or -10.01%
DoorDash
- EPS $0.33 versus $0.33 expected MET
- Revenues $2.87 billion versus $2.84 billion estimate – BEAT
- Shares are trading down -$2.64% at $188