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Stock impact report

Stocks open lower as White House restricts semiconductor exports, earnings season rolls on [USA TODAY]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: USA TODAY
The Dow 30 Industrials shed 156 points, 0.4%, to open near 40,369, while the broad S&P 500 was off 0.2%, or 9 points, near 5,397. The tech-heavy Nasdaq Composite Index was little changed, near 16,823. Shares of behemoth chipmaker Nvidia tumbled nearly 6%. The company on Tuesday night announced that the U.S. government was limiting exports of one of its chips to China. The 10-year U.S. Treasury note was little changed at 4.32%, down more than 20 basis points from its level last week, when . Bond yields rise as prices fall, and vice versa. Gold tacked on another 2.5% to push above $3,300. The precious metal is now up more than 27% in the year so far. Corporate news Shares of Abbott Labs gained 4.5% after the healthcare products company reported results before the bell. Earnings slightly topped analyst expectations, but revenue missed. Semiconductor stocks sank: the iShares Semiconductor ETF, which tracks those stocks, was off nearly 4%. Economic news Industrial production Show less Read more
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