Markets were slightly higher today though the focus is on earnings announcements after the close today from some of the biggest names on the street. Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), and Microsoft (NASDAQ: MSFT) are all scheduled to report earnings and traders expect extra volatility going into Friday. It is also the last trading day of the month which tends to see more volatility as well.
The Dow 30 was up 11, the S&P 500 added 1, and the Nasdaq 100 hit all time highs yet again with a gain of 23. Aside from earnings tomorrow traders will also get GDP numbers which can be a market moving number.
PayPal (NASDAQ: PYPL) blasted off 6.17% today, jumping to new all time highs in the process as the company announced earnings that were better than expected. Following the earnings results the company also raised its outlook for the year. Revenue shot up 17% from a year ago thanks to an "increase in payment processing volumes and user growth." Shares are now up 20% for the year.
UPS (NYSE: UPS) shares enjoyed a nice 1.10% gain on the day as the global, package delivery company announced earnings for the first quarter that beat the streets assumptions. Revenue was higher by over 6% from a year ago as it "benefited from higher delivery costs". The only blemish that traders noticed was rising expenses which hurt overall profits.
Weight Watchers (NYSE: WTW) shot up to new all time highs once again as news came out that HSN Chief Executive Mindy Grossman will take over as president and CEO at the weight-loss company in July. Shares of the company have been quite strong this year and with today's 3.37% gain now boast a gain of over 84% since January.