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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT RESULTS

Chevron, Exxon under pressure as falling natural gas prices hit earnings

Bank of America Beats, Tesla Delays Major Product Announcement

TheStreet

Bank of America ( ) is the latest U.S. bank to beat expectations. The company beat expectations on both earnings and revenue. Earnings came in at 41 cents a share versus 34 cents a share. Revenue was $21.6 billion versus $20.9 billion expected. Tesla ( ) has postponed the unveiling of a new product today. CEO Elon Musk delayed the much promoted announcement for 2 days. He says it needs 'refinement'. There is lots of speculation about the new Tesla product. There are rumors that it could be a modified version of Tesla's Model X SUV, a vehicle many are referring to as the Model Y. Another idea is a more sophisticated camera that would make Tesla vehicles safer than before. Cowabunga! The Simpsons marked a TV milestone. It aired its 600th episode last night. The animated show premiered in 1989 and is only behind 'Gunsmoke' in terms of the most episodes for a scripted, prime time show.