Hot Stock Minute

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  • Stocks ended the day down after mixed earnings and housing market news

    Dean Arrindell at Hot Stock Minute2 hrs ago

    The Dow (^DJI) ended the day down 0.08%, The Nasdaq (^IXIC) was down 0.83% and the S&P 500 (^GSPC) was down 0.22%.

    A disappointing report on the housing market overshadowed some upbeat earnings report. New home sales in March fell 14.5% from February to an annual rate of 385,000, the lowest level since July. That was well short of the 450,000 economists were expecting. The Northeast was the only region to see the pace of sales pick up in March.

    Median home prices rose to $290,000 in March, up 12.6% over last year.

    In corporate news, Delta Air Lines shares (DAL) were up 6.07% after it reported earnings per share of $0.33 which beat estimates of $0.29 a share.

    Shares of Gilead Sciences (GILD) were up 1.39% on news strong sales of its Hepatitis C drug Sovaldi which helped it beat earnings forecasts by wide margins.

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  • Earnings and big pharma deals drive stocks up

    Deirdre Hughes at Hot Stock Minute1 day ago

    Stocks ended the day in the green. The Dow (^DJI) was up 0.40% The Nasdaq (^IXIC) up 0.97% and the S&P 500 (^GSPC) up 0.41%. Investors had a lot of news to digest with upbeat earnings reports from Netflix (NFLX), Comcast (CMCSA) and Harley-Davidson (HOG), a miss from McDonald’s (MCD) and a flurry of pharmaceutical deals.

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  • Stocks start the week on a positive note

    Deirdre Hughes at Hot Stock Minute2 days ago

    The market kicked off a busy earnings week on a positive note. The Dow (^DJI) was up 0.25% The Nasdaq (^IXIC) was up 0.64% and the S&P 500 (^GSPC) was up 0.38%.

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