Dow Jones Today: Nasdaq Hits Record High as Investors Await Big-Tech Earnings

Stanley Black & Decker Falls After Weak Earnings

44 minutes ago

Stanley Black & Decker (SWK) shares plunged as the toolmaker posted worse-than-expected results and narrowed its guidance, citing falling consumer demand and a slowdown in the auto sector.

The company reported third-quarter diluted earnings per share (EPS) of $0.60, with revenue down 5.1% to $3.75 billion. Analysts surveyed by Visible Alpha were looking for $0.87 and $3.80 billion, respectively. 

Sales at the Tools & Outdoors division declined 3% to $3.26 billion as volumes fell on a weak consumer and do-it-yourself (DIY) backdrop. Sales at the Industrial unit tumbled 18% to $488 million because of what the company called “market softness in automotive.”

Stanley Black & Decker now sees adjusted EPS in a range of $3.90 to $4.30 as compared to its previous outlook of $3.70 to $4.50. 

Shares of Stanley Black & Decker were down 8% in afternoon trading, falling into negative territory for the year.

Dow Jones Today: Nasdaq Hits Record High as Investors Await Big-Tech Earnings

Bill McColl

D.R. Horton Tumbles on Weak Results, Outlook

2 hr 17 min ago

Shares of homebuilder D.R. Horton (DHI) sank Tuesday morning to lead S&P 500 decliners after the company’s quarterly results and projections for fiscal 2025 both fell short of analysts’ expectations.

For the fourth quarter of fiscal 2024, D.R. Horton reported $10.00 billion in revenue, down from $10.50 billion the same time last year and below the $10.22 billion consensus estimate of analysts compiled by Visible Alpha. The homebuilder reported $1.28 billion in net income, down from $1.51 billion and below the $1.37 billion analysts expected.

D.R. Horton’s outlook for fiscal 2025 revenue also came in short of analysts’ estimates. The company said it expects revenue between $36 billion and $37.5 billion, well below the $39.39 billion expectation.

Executive chairman David Auld said sales were slower than the company expected in the quarter. “While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025,” Auld said.

D.R. Horton shares were down 10%, trading at their lowest levels since July.

Dow Jones Today: Nasdaq Hits Record High as Investors Await Big-Tech Earnings

Aaron McDade

Ford Stock Slides After Earnings—Key Levels to Watch

4 hr 47 min ago

Shares in Ford (F) were down 7% in premarket trading after the automaker late Monday posted third-quarter profit below Wall Street expectations and trimmed its full-year outlook.

The stock has consolidated within an ascending triangle, a chart pattern that can signal a move lower if formed within an established downtrend.

Investors should watch key support levels on Ford's chart around $9.50, $8.70, and $7.50. A breakout above key resistance at $11.30 could act as a catalyst for a bullish trend reversal.

Read the full technical analysis piece here.

Timothy Smith

Futures Point to Lower Open for Major Indexes

5 hr 17 min ago

Futures tied to the Dow Jones Industrial Average were down 0.4%.

Dow Jones Today: Nasdaq Hits Record High as Investors Await Big-Tech Earnings

S&P 500 futures were off 0.2%.

Dow Jones Today: Nasdaq Hits Record High as Investors Await Big-Tech Earnings

Nasdaq 100 futures were down 0.1%.

Dow Jones Today: Nasdaq Hits Record High as Investors Await Big-Tech Earnings

Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

  • Related Posts

    Dow Jones Today: Stock Futures Soar As Investors React to Election Results; Bitcoin Hits Record High

    Major Indexes Poised to Skyrocket at Wednesday's Open 6 minutes ago Futures tied to the Dow Jones Industrial Average were up 3%. S&P 500 futures were up 2.3%. Nasdaq 100…

    Dow Jones Today: Stocks Surge, Boosted by Tech Gains, as Investors Eye Presidential Election

    Nvidia Jumps to Regain Position as Most Valuable Company 15 minutes ago Nvidia (NVDA) shares rose Tuesday, pushing the chipmaker back into the top spot on the list of the…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Let’s Circle Back (and eFile) after the Holidays

    • By admin
    • November 7, 2024
    • 0 views

    IRS Announces 2025 Retirement Plan Limits

    • By admin
    • November 6, 2024
    • 6 views

    Dow Jones Today: Stock Futures Soar As Investors React to Election Results; Bitcoin Hits Record High

    • By admin
    • November 6, 2024
    • 5 views
    Dow Jones Today: Stock Futures Soar As Investors React to Election Results; Bitcoin Hits Record High

    Office Politics: The Basics for Private Employers

    • By admin
    • November 6, 2024
    • 9 views
    Office Politics: The Basics for Private Employers

    James Van Der Beek’s Colon Cancer Diagnosis Highlights Alarming Trend In Young People

    • By admin
    • November 6, 2024
    • 9 views

    Bruce Willis Experienced This Early Dementia Symptom That Was Dismissed

    • By admin
    • November 6, 2024
    • 9 views