Market Updates
U.S. Investors Reacted to Latest Earnings Reports, Tech Stocks In F
Barry Adams
28 Apr, 2026
New York City
Benchmark indexes in New York hovered near new record highs set in the previous session, and investors overlooked lingering tensions in the Persian Gulf.
The S&P 500 Index decreased 0.2%, and the tech-heavy Nasdaq Composite decreased 0.6% as investors reviewed the latest batch of earnings.
General Motors, UPS, Coca-Cola Company, British Petroleum, Airbus, Novartis, and Barclays reported their quarterly results.
After the close of the regular trading session, Visa, Starbucks, T-Mobile, NXP Semiconductors, Booking Holdings, Waste Management, and CoStar are scheduled to release their quarterly updates.
Crude oil prices in New York advanced 3.5% to $99.85 a barrel, and the UAE, the third largest oil producer in the OPEC, announced its decision to exit the organization on May 1.
U.S. Movers
General Motors increased 1% to $78.27 after the company reported better-than-expected quarterly results, and the automaker raised its 2026 outlook.
Coca-Cola Company jumped 3.7% to $78.26 after the beverage maker's first-quarter revenue and earnings surpassed market expectations.
Coca-Cola reported adjusted earnings per share of 86 cents on revenue of $12.5 billion.
UPS decreased 5.5% to $102.56 after the company's latest quarterly revenue and earnings fell short of analysts' expectations.
The parcel delivery company reported adjusted earnings per share of $1.07 on revenue of $21.2 billion.
Annual Returns
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Earnings
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