fintech / news / / Boston.com
Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected.
Apple's 3.3% stock rally was the main driver for the S&P 500's record close.
KEY POINTS
- 84% of S&P 500 companies reporting so far have surpassed analysts’ earnings estimates, per FactSet.
- Estee Lauder raised some financial forecasts after better-than-expected earnings driven by strong China performance.
- Brent crude fell 2% to $108.17, despite remaining elevated due to Strait of Hormuz war risks.
- Despite better-than-expected oil company profits, both Exxon Mobil and Chevron shares declined on net income drops.
COMPANIES
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