Why These 2 Blue Chip Giants Missed Wednesday's Stock Market Rally
The stock market finally got some reprieve from its recent downward volatility, as investors seemed to take some comfort from some favorable news from the tech sector on the earnings front. As of 11:30 a.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 346 points to 34,644. The S&P 500 (SNPINDEX: ^GSPC) had gained 65 points to 4,422, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had jumped 292 points to 13,831.
Yet when you look at some of the most prominent blue chip stocks announcing earnings on Wednesday, the results were far from universally good. Both Boeing (NYSE: BA) and AT&T (NYSE: T) saw their stocks decline after their latest financial reports. Find out what happened with these two companies and what shareholders found lacking.
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Source Fool.com
