American Express, CF Industries, Verizon, and More
Main points
- U.S. stocks were little changed at midday following a strong week that saw the S&P 500 hit a record high.
- American Express’s 2025 revenue guidance was mostly below analysts’ expectations.
- Verizon Communications reported better-than-expected results, benefiting from higher prices.
U.S. stocks were little changed at midday S&P 500 Index It hit an all-time high yesterday on optimism about earnings and lower interest rates.
American Express (AXPThe credit card and financial services company’s shares fell when it gave 2025 revenue guidance that was mostly below analysts’ expectations.
American Depository Receipts (ADRs) Ericsson (EricThe telecoms equipment maker’s shares tumbled after its earnings fell well short of expectations and it warned that the Trump administration’s threat of tariffs could have a significant impact on its future results.
CF Industrial Holdings Inc. (CFJPMorgan downgraded the stock and lowered its price target, citing a possible increase in natural gas prices that would increase the fertilizer maker’s costs, sending the company’s shares tumbling.
next generation energy (NEE) was the top-performing stock on the S&P 500 after reports that the power provider had taken the first step toward possibly restarting a nuclear power plant in Iowa.
Allurion Technologies stock (channelShares of the maker of a gastric balloon weight-loss device jumped about 200% after the company announced a study combining its product with a popular obesity drug.
Verizon Communications (Wiz) shares rose as higher prices helped the telecom giant beat profit and sales estimates.
Oil futures continued to fall. Gold prices rise. The 10-year Treasury yield fell. The dollar fell against the euro, pound and yen. Most major cryptocurrencies are trading higher.