November 30, 2024
Major U.S. indexes were mixed at midday Tuesday as energy and financial sector stocks lost ground. The Dow and S&P 500 fell, while the tech-heavy Nasdaq was little changed and slightly higher.
JPMorgan Chase ( JPM ) shares tumbled after the bank warned its estimate of net interest income in 2025 was likely too high. Goldman Sachs ( GS ) and American Express ( AXP ) shares also fell.
Shares of Southwest Airlines ( LUV ) dropped after Executive Chair Gary Kelly and several board members announced they were stepping down . The airline’s leadership has been under fire from activist investor Elliott Investment Management, which is demanding a shakeup of the company.
AngloGold Ashanti ( AU ) shares sank after the gold miner agreed to pay $2.5 billion for rival Centamin to obtain the largest gold mine in Egypt.
Oracle ( ORCL ) shares skyrocketed after the enterprise software maker posted better-than-expected results as its cloud infrastructure revenue soared. Oracle also struck a new partnership with Amazon ( AMZN ).
Johnson Controls International ( JCI ) shares jumped on an upgrade from JPMorgan analysts, who said the firm’s data center business and search for a new CEO could boost results.
Oil futures fell and gold prices were higher. The yield on the 10-year Treasury note declined. The U.S. dollar was up on the euro and pound, but lost ground to the yen. Most major cryptocurrencies traded in the green.
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