Stock Market Update
23-Jul-24 11:10 ET
UPS, GE react to earnings
Dow +15.24
at 40430.68,
Nasdaq +60.48
at 18068.05,
S&P +10.90
at 5575.31
[BRIEFING.COM] The three major indices trade around their prior closing levels while the Russell 2000 outperforms, showing a 0.7% gain.
Shares of UPS (UPS 126.05, -19.13, -13.2%) are dropping after reporting below-consensus earnings and revenue. This price action has limited the S&P 500 industrial sector, which still trades 0.2% higher thanks to a sizable gain in shares of GE Aerospace (GE 177.06, +14.30, +8.7%) on earnings news.
UPS is the worst performing stock in the S&P 500 and GE is among the top performers.
