Amazon.com plunged 12% on growth worries. Apple stock struggled on supply chain issues. KLA Corp after beating earnings outlook. Mohawk Industries earnings displayed strong pricing power. Verisign dropped 12%.

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Meta Platforms gained on better-than-expected earnings. McDonald's U.S. sales rose on price hike. Teladoc plunged. Southwest offered optimistic views. PayPal earnings declined. Caterpillar sales rose.

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Arch Resources soared after reporting a special dividend and a surge in earnings on higher coal prices. Sherwin-Williams earnings were ahead of expectations and the company guided better outlook. Waste Management earnings rose on improved yield. Tesla plunged after Musk used Tesla shares for margin loan to finance Twitter purchase.

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Coca-Cola erased early gains in the day after reporting a 24% jump in earnings per share and reaffirmed annual outlook. Fiverr, GitLab, and Snowflake jumped on positive views from brokers. Oil complex stocks fell 5%.

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HCA Healthcare's weaker annual earnings outlook dragged down hospitals and healthcare center operators. Apparel retailers tanked after Gap Inc revised sales decline range and the company has initiated a search for a new leader for the Old Navy division.

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American Express reported a 29% increase in revenues after global network transactions volume reached record monthly high in March. Kimberly-Clark lifted organic sales outlook. Gap raised its quarterly sales decline estimate. Verizon met sales and earnings expectations.

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Tesla jumped 5% in after hours trading after reporting a sharp jump in earnings, sales, and vehicle deliveries. United Airlines gained 4% after estimating return to profitability in the current year.

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The S&P 500 closed higher but Nasdaq fell on the weakness in tech and internet stocks after Netflix reported a surprise decline in subscribers and guided more losses in the current quarter.

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IBM advanced after the company reported better-than-expected quarterly results. Avis Budget soared after Barclays revised its company rating.

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Johnson & Johnson fell short of market expectations but Hasbro gained after the toymaker met revenues expectations.

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Bank stocks were in focus after Bank of America and Bank of New York reported earnings. Progressive, Wendy's, and Sirius fell on negative comments from brokers.

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All Financial dropped after reporting larger than expected loan loss provisions. Citigroup quarterly net declined but was ahead of expectations. Morgan Stanley and Goldman Sachs traded higher after reporting strong trading revenues. Twitter was in focus after the board said it will review the $43 billion offer from Elon Musk. Wells Fargo net drops on lower than expected mortgage lending.



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Bed Bath & Beyond fell after the houseware retailer reported quarterly loss. JPMorgan Chase said profit declined on lower trading revenues and deal fees.

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Movers: Twitter, Shopify, Nvidia

Apr 11, 2022
Barry Adams
Tech stocks led the decliners for the fourth week in a row. Nividia said it plans to increase authorized shares. Airlines stocks advanced ahead of Delta Air earnings. Twitter plunged after Tesla CEO Musk declined to join the Twitter board.

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Movers: Tesla, Twitter, Starbucks

Apr 4, 2022
Barry Adams

Twitter soared as much as 25% after Tesla CEO Elon Musk reported 9.2% passive stake in a regulatory filing. Tesla gained 1% after the company said EV shipment jumped 69% in the first quarter to 310,000. Starbucks declined 4% after coffee chain suspended $20 billion stock repurchase program announced three weeks ago. JD.com, Alibaba, Bilibili advanced after China tech stocks surged.



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