A Slew of Earnings | Closing Bell

Summary

Bloomberg's Closing Bell hosts discuss a divergent market session where the Nasdaq 100 approached correction territory, the Philadelphia Semiconductor Index fell over 4%, and the equal-weighted S&P 500 rose over 1%, signaling a rotation beneath the surface. They note a risk-off move in AI/data center related sectors and recap after-hours earnings from Visa, Ford, Mondelez, Coca-Cola, Boeing, and Seagate, highlighting resilient consumer spending and mixed industrial results.

• Nasdaq 100 flirts with correction; S&P 500 flat but equal-weight version up 1.1%
• Philadelphia Semiconductor Index down 4.4%, extending four-day losing streak
• AI/data center sectors (energy, industrials, utilities, real estate) sold; havens (healthcare, staples, materials) gained
• Visa beats estimates, reports resilient consumer and business spending
• Ford beats on adjusted EPS, raises full-year EBIT guidance, but Blue segment revenue misses
• Coca-Cola raises outlook after World Cup boost; Boeing beats cash flow expectations
• Seagate guides Q1 revenue well above consensus; stock jumps in after-hours