Stocks Fall on Disappointing Earnings and Inflation Data Before Fed Decision; Eli Lilly Shares Jump 6%

Tiger Newspress04-30

Stocks traded into the red Tuesday after some higher-than-expected wage data raised fresh concerns about inflation ahead of the Federal Reserve’s rate decision on Wednesday. McDonald’s shares fell after disappointing earnings.

The S&P 500 edged down by 0.3% while the Nasdaq Composite lost 0.4%. The Dow Jones Industrial Average.

The employment cost index, a measure of wages for civilian workers, jumped 1.2% in the March quarter, above the 1% consensus estimate from economists polled by Dow Jones. Treasury yields jumped following the data.

In early earnings news, McDonald’s missed estimates due to boycotts hitting Middle Eastern sales, sending shares down 2% in the premarket. Coca-Cola shares were lower, even though the soft drink giant beat estimates and raised its outlook. Sensata Technologies was rising 20% after the industrial technology company posted first-quarter adjusted profit of 89 cents a share, beating analysts’ forecasts of 85 cents, and said it had reached a cooperation and information sharing agreement with activist investor Elliott Investment.

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Andrewinho
04-30
Andrewinho
Great!! 👏👏👏👏👏

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McDonald’s shares fell after disappointing earnings.</p><p>The S&amp;P 500 edged down by 0.3% while the Nasdaq Composite lost 0.4%. The Dow Jones Industrial Average.</p><p>The employment cost index, a measure of wages for civilian workers, jumped 1.2% in the March quarter, above the 1% consensus estimate from economists polled by Dow Jones. Treasury yields jumped following the data.</p><p>In early earnings news, McDonald’s missed estimates due to boycotts hitting Middle Eastern sales, sending shares down 2% in the premarket. Coca-Cola shares were lower, even though the soft drink giant beat estimates and raised its outlook. Sensata Technologies was rising 20% after the industrial technology company posted first-quarter adjusted profit of 89 cents a share, beating analysts’ forecasts of 85 cents, and said it had reached a cooperation and information sharing agreement with activist investor Elliott Investment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136014823","content_text":"Stocks traded into the red Tuesday after some higher-than-expected wage data raised fresh concerns about inflation ahead of the Federal Reserve’s rate decision on Wednesday. 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