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Stock impact report

Asia stocks inch higher after mixed U.S. corporate earnings [Reuters (UK)]

3M Company (MMM) 
Last 3m company earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.3m.com/overview/default.aspx
Company Research Source: Reuters
Asia stocks inch higher after mixed U.S. corporate earnings - Reuters 4 Min Read (Reuters) - Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns. Technology stocks drove all three major U.S. stock indexes into the red, though they remained within 20% of their February all-time highs. “There was a big sector rotation as money left high value, growth sectors in tech like Amazon and went to value and cyclical sectors like energy, industrial, financials,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. Alphabet Inc’s ( GOOGL.O ) earnings beat analysts’ estimates for quarterly revenue as its Google unit posted double-digit advertising growth despite the coronavirus-induced slowdown. While users were searching more, they were looking up less commercial topics and advertisers were cutting Show less Read more
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