AT&T, Core & Main, Intel, FedEx, and More
Main points
- U.S. stocks were little changed at midday following yesterday’s record performance for the S&P 500 and Nasdaq.
- AT&T is optimistic about its growth prospects and said it will return $40 billion to shareholders through dividends and stock buybacks.
- Share prices of Korean companies trading in the United States plummeted after President Yoon declared martial law. Hours later, lawmakers cut some of their losses when they voted to lift martial law.
U.S. stocks were little changed at noon on Tuesday, a day after both the S&P 500 and Nasdaq rose to record highs. Dow and S&P 500 down, Nasdaq down Published a small gain.
American Telephone and Telegraph Company (time) shares rose after the telecom giant told analysts it expects continued profit growth over the next three years and plans to return $40 billion in dividends and dividends to shareholders. stock buyback.
Core stocks and major stocks (CNM) rose after the water and wastewater infrastructure provider reported better-than-expected results and boosted its outlook as it benefited from acquisitions.
Xindu Technology Group Holdings (CRDOThe provider of high-speed connectivity solutions for data centers reported better-than-expected results and guidance as customers purchased artificial intelligence (AI)-enabled products, sending the company’s shares soaring to record levels.
American Depository Receipts (ADRs) POSCO Holdings (PKX) and other South Korean companies trading in the United States fell after the U.S. president declared martial law. They pared some of their losses after the country’s lawmakers voted to lift martial law.
Intel Stock (international trade center) follows a swipe Reuters The chipmaker is reportedly considering former board member Lip-Bu Tan to succeed ousted Pat Gensler as CEO.
FedEx (FDX) shares fell on a downgrade by Bernstein, who said the express delivery company faced many challenges.
Oil and gold futures rose. The yield on the 10-year Treasury note is higher. The dollar fell against the euro, pound and yen. Prices for most major cryptocurrencies fell.