MRK - 2 of These 3 Stocks Are Lifting the Dow but 1 Is Holding It Back
2023-04-27 09:26:29 ET
The stock market has immersed itself in the financial reports that hundreds of companies are releasing. After having seen pressure throughout much of this week, investors got themselves in a better mood on Thursday morning. Futures contracts signaled a potential triple-digit rise in the Dow Jones Industrial Average (DJINDICES: ^DJI) .
A trio of Dow Jones Industrials components reported their financial results Thursday morning. Although Merck (NYSE: MRK) and Honeywell (NASDAQ: HON) posted solid advances that helped contribute to the Dow's early gains, Caterpillar (NYSE: CAT) wasn't able to join in the party. Below, you'll get the highlights of all three reports.
Shares of Merck climbed more than 2% Thursday morning. The drugmaker saw declining results because of falling demand for its COVID-19-related products, but strength elsewhere in its portfolio gave investors confidence about its future path.
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2 of These 3 Stocks Are Lifting the Dow, but 1 Is Holding It Back