Major US indices are little changed to start the new trading day. The Dow industrial average is unchanged. The S&P index is up 0.08%, and the NASDAQ index is down -0.05%.
The small-cap Russell 2000 is the biggest mover with a decline of -0.56%. There is consolidation in the media space as Warner Bros. Discovery have put themselves up for sale. Shares of Warner Bros. Discovery are up 9.72%. Netflix and Comcast are among the potential buyers.
Shares Netflix are up 0.28%. Shares of Comcast are up 0.19%.
Coca-Cola shares are higher after earnings, as are GM shares. Coca-Cola (KO) is trading at $2.25 or 3.29% at $70.64. General Motors (GM) are surging by $6.80 or 11.78% at $64.83
Coca-Cola Co (KO): EPS of $0.82 (BEAT vs. $0.78 expected) and Revenue of $12.5bn (BEAT vs. $12.39bn expected).
General Motors Co (GM): EPS of $2.80 (BEAT vs. $2.26 expected) and Revenue of $48.6bn (BEAT vs. $45.25bn expected).
3M shares are trading higher by $3.47 or 2.24% after their beat on top and bottom lines (3M Co (MMM): EPS of $2.19 (BEAT vs. $2.07 expected) and Revenue of $6.52bn (BEAT vs. $6.24bn expected).
Northrop Grumman missed on their revenues. Its shares are down $-13.61 or -2.26%. The CEO said expectations being moved lower going forward is due to delay timing of certain awards and programs.
