Apple and Visa earnings reports show Dow stock index outpacing market gains

Apple Inc. earnings report AAPL (5.74%) and Visa Inc. V (7.96%) was the only 30 Dow Jones Industrial Average (DJIA, 0.33%) stocks during the session. others reported Caterpillar Inc. CAT, -5.49% and Chevron Corp. CVX, -4.51% was the biggest Dow loser. Overall, the earnings report supported the Dow down about 14 points, while Dow YM00 futures fell 0.09%, 323 points or 1.0%. Visa shares jumped 3.5% after the credit card company posted record quarterly revenue Thursday night, while Apple shares rose 2.4% on record sales. Visa shares will rise about 48 points and Apple shares will rise 25 points. Chevron shares fell 4.0%, dragging down the Dow Jones after sharp losses, while Caterpillar fell 1.7%, beating earnings and expense estimates. Chevron shares fell 35 points, while Caterpillar trimmed the Dow 24 points.

SOURCE

Kilgore, T. (2022, January 28). Earnings reporters Apple, Visa are the only Dow stocks rising premarket. MarketWatch. Retrieved January 28, 2022, from https://www.marketwatch.com/story/earnings-reporters-apple-visa-are-the-only-dow-stocks-rising-premarket-2022-01-28?siteid=yhoof2