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Industrials Ascend Amid Growth Optimism - Industrials Roundup

Industrials Ascend Amid Growth Optimism - Industrials Roundup 04/26/2021 | 05:00pm EDT Send by mail : Message : Shares of industrial and transportation companies rose amid optimism about global economic growth. New orders for durable goods increased 0.5% to a seasonally adjusted $256.3 billion in March when compared with February, the Commerce Department said, indicating that factories gradually geared up after a February freeze. The winter weather s disruption of the semiconductor supply chain continues to hamper auto production for Ford Motor and others, whose vehicles count computer chips as increasingly important components. Shares of electronics and health-care equipment manufacturer Koninklijke Philips fell after it logged a smaller-than-anticipated increase in first-quarter net profit, hurt by a charge related to issues with sleep-support and respiratory-care equipment.

Communications Services Up On Growth Bias — Communications Services Roundup

Provided by Dow Jones Communications services companies ticked up as investors rotated into growth sectors. An employee petition at Simon & Schuster demanding that the company stop publishing authors associated with the Trump administration collected 216 internal signatures and several thousand outside supporters, including well-known Black writers. Walt Disney shares rose after a strong showing for the entertainment conglomerate s studios at the Academy Awards. Write to Rob Curran at rob.curran@dowjones.com (END) Dow Jones Newswires Sponsor Center

Financials Up With Treasury Yields — Financials Roundup

Provided by Dow Jones Shares of banks and other financial institutions rose alongside Treasury yields. The up-tick in Treasury yields and associated market volatility boosted profits for many banks in the first quarter. In aggregate, companies are beating earnings by 26% with an outsize contribution from the financial sector, said strategists at money manager UBS Global Wealth Management, in a note to clients. In our view, better-than-expected corporate profits will help drive further market gains, with cyclical sectors leading the way as the economic recovery broadens with the speedy vaccination rollout. Another broker said sectors with a domestic U.S. focus may lag more international sectors because of the possibility that the U.S. economic rebound will soon slow.

Materials Edge Lower As Copper Rally Continues -- Materials Roundup

Materials Edge Lower As Copper Rally Continues -- Materials Roundup
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Health Care Drops As Lilly Earnings Weigh -- Health Care Roundup

Health Care Drops As Lilly Earnings Weigh -- Health Care Roundup
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