Dow Jones Blast Watch High 27091 Watch 40 Point Up Boom Boom – PMorgan (JPM) and Johnson & Johnson (JNJ) set the pace on the Dow, up well over 1% each. Johnson & Johnson rode expectations for a settlement from opiod makers ahead of a class-action trial set to begin on Monday.
IBM tumbled 6%, after its late-Wednesday earnings report showed third-quarter revenue faded more than expected.
Marijuana stocks rallied, boosted by a sudden spike in Cronos Group (CRON) shares. Cronos stock catapulted more than 40% in Wednesday’s after-hours session, and traded up 16% at Thursday’s open. Aurora Cannabis (ACB) bolted 4% higher. Tilray (TLRY) rose 2%.
Read More : Dow Jones Trading Tips – Above 27050 Traget 80 To 150 Points Buy 500—1000 Lots – Neal Bhai
Alcoa (AA) spiked 10%, railroad CSX (CSX) added 4.2% after reporting late Wednesday. Morgan Stanley (MS) scrambled ahead nearly 4% after reporting a strong earnings beat early Thursday. Aerospace leader Textron (TXT) dived 4% on mixed third-quarter results. Railroad Union Pacific (UNP) shook off early losses and climbed into narrow gains after both revenue and earnings missed targets.
Chip stocks were mixed as foundry Taiwan Semiconductor (TSM) edged lower after beating third-quarter estimates and raising its guidance. Applied Materials (AMAT) jumped 2%. Cirrus Logic (CRUS) jumped 2% after an upgrade to equal weight from Barclays.