Previous Close | 3.3000 |
Open | 3.3000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 54.00 |
Expire Date | 2016-02-26 |
Day's Range | 3.3000 - 3.3000 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
The Personal Consumption Expenditure (PCE) index, the Federal Reserve's preferred measure of inflation, came in hotter-than-expected for March at 2.8%, potentially delaying the Fed's next round of rate cuts. Shares of Alphabet (GOOG,GOOGL) and Microsoft (MSFT) are trading higher on Friday morning as both companies affirm their commitment to investing in AI. The companies also reported their latest quarterly earnings, beating expectations. Shares of Exxon Mobil (XOM) and Chevron (CVX) are trading lower as both companies reported mixed earnings results for the first quarter, citing lower refining margins. Yahoo Finance reporters Jennifer Schonberger, Jared Blikre, and Ines Ferre join the Morning Brief to discuss the three things investors need to watch for the trading day. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
Microsoft (MSFT) reported third quarter earnings of $2.94 per share. Revenue of $61.9 billion topped estimates of $60.8 billion. The company's cloud business was a standout, with revenue of $35.1 billion versus an estimate of $33.9 billion. Yahoo Finance's Julie Hyman Jared Blikre, and Josh Schafer break down the tech giant's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.