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Company News for Aug 2, 2023

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  • Shares of HSBC Holdings plc (HSBC - Free Report) rose 1% after reporting second-quarter 2023 earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.50 per share.
  • Shares of mega-cap growth stocks like Tesla, Inc. (TSLA - Free Report) and Amazon.com, Inc. (AMZN - Free Report) fell 2.4% and 1.5%, respectively, on the U.S. 10-year treasury yield breaching the 4% mark.
  • Shares of Caterpillar Inc. (CAT - Free Report) jumped 8.9% after reporting second-quarter 2023 earnings of $5.55 per share, beating the Zacks Consensus Estimate of $4.51 per share.
  • Arista Networks, Inc.’s (ANET - Free Report) shares soared 19.7% after reporting second-quarter 2023 revenues of $1.46 billion, beating the Zacks Consensus Estimate of $1.38 billion.

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