Stocks Overcome Early Jitters to Close Higher
Stocks rose on Thursday, despite a nervous start after Credit Suisse’s $5.2 billion write-down and some less than rosy earnings outlooks.
The Dow gained +82.80, the Nasdaq Composite +23.71 , and the S&P 500 +8.60.
Ford Motor
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PowerRating) surged nearly 12% after the company reported a surprising first-quarter profit.
Shares of Amazon.com
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PowerRating) fell more than 4% after the online retailer reported earnings that beat estimates by $0.02, but issued a gloomy outlook.
Apple
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PowerRating) gained nearly 4% after announcing better-than-expected results.
3M
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PowerRating) declined despite beating estimates and issuing guidance in-line.
Starbucks
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PowerRating) plunged more than 10% after reporting preliminary second-quarter results that fell short of expectations and lowered its full-year outlook.
And, Motorola
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PowerRating) fell 3% after the company issued a disappointing second-quarter outlook.
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