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Dow Jones breaches 40,000, Walmart earnings, Meta investigation: Morning Brief

On today's episode of The Morning Brief, Yahoo Finance Hosts Seana Smith and Brad Smith break down major market news and the trading day ahead. The three major stock market averages (^DJI, ^IXIC, ^GSPC) opened higher after the S&P 500 closed at a record 5,300 yesterday. The Dow Jones Industrial Average touched 40,000 while the Nasdaq Composite remains relatively flat. Shares of Walmart (WMT) are rising after the retail giant beat analyst first quarter earnings estimates. The company saw same-store sales grow 3.8% while its e-commerce sales popped 22% year over year. The company also raised its full-year sales and profit guidance. Walmart CFO John David Rainey joins the show to break down earnings, pointing to Walmart's value as a key area of success. TD Cowen Senior Research Analyst Oliver Chen says the retail giant is particularly successful because it appeals to both higher- and lower-end consumers. Meanwhile, Meta (META) is under pressure after the European Union announced a formal investigation into Facebook and Instagram, citing child safety concerns. The company told Yahoo Finance, "We want young people to have safe, age-appropriate experiences online and have spent a decade developing more than 50 tools and policies designed to protect them. This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission." More than 90% of S&P 500 companies have reported their latest quarterly earnings. Goldman Sachs Chief US Equity Strategist David Kostin breaks down three themes that dominated this quarter: artificial intelligence, the US consumer, and cost controls. Dow Inc. (DOW) CFO Jeff Tate joins to discuss the manufacturing materials company's growth and how it fits into the AI picture. This post was written by Melanie Riehl

Dow Announces Targets To Conserve Water and Nature

Dow CFO explains path to its first emission-free facility

Materials manufacturer Dow Inc. (DOW) — one of the parent companies of the Dow Chemical Company — is talking about its growth outlook and climate-related endeavors at its investor day on Thursday. Dow CFO Jeff Tate tunes into the Morning Brief from the New York Stock Exchange, attributing the company's strategic growth plans to its diversity of use cases and applications across several industries, which also serves to offset higher for longer interest rates. "What we're seeing right now, certain areas are really strong and resilient, such as infrastructure, electronics," Tate explains. "So you think of data centers, you think of AI support, pharma continues to be strong for us. Packaging has been resilient throughout for us over the past two years and continues to have strong export performance as well as local performance." Tate also comments on Dow's ESG initiatives (Environmental, Social and Governance) to decarbonize and reach net zero emissions for its facilities: "We're mitigating a lot of those potential risks that you can have as we focus on not only decarbonizing, but more importantly, create net value." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Here's Why You Should Hold Onto Dow (DOW) Stock for Now

Dow announces capacity extension in SAS Chemicals GmbH to advance global high-performance façade industry

Dow India signs carbon neutral façade agreement with Glass Wall Systems

Dow, State of Wyoming and University of Wyoming partner to advance oil recovery

Dow starts commercial operations of its adhesive and gap filler production line at its Polyurethanes Systems House in Ahlen, Germany

Dow and SCGC sign MOU for a first-of-its kind partnership to transform 200KTA of plastic waste into circular products

Dow expands Propylene Glycol capacity in Thailand

Dow showcases circular and innovative materials science solutions and industry collaborations at Chinaplas 2024

Dow and Freepoint Eco-Systems announce supply agreement to transform plastic waste into new circular products

Great Place to Work(R) and Fortune Recognize Dow for 4th Consecutive Year Among 100 Best Companies To Work For(R)

Dow advances to #3 on Fair360's 2024 Top 50 Companies List

Science and Entrepreneurship

DOW to Sell Flexible Packaging Laminating Adhesives Business

Dow Launches Bio-Circular and Circular Propylene Glycol Solutions in North America

JPMorgan Just Raised Its Price Target on These 3 Stocks

Bullish Trendline Could Push Dow Stock Higher

Turning the Tide in Asia-Pacific