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Published on Oct 26, 2016
Stocks
ended mixed after crude slumped to three-week lows as hopes of an OPEC
deal faded. The Dow ended with gains, though, thanks to an
earnings-driven increase in Boeing shares. Comcast posted a strong
earnings report. The cable company added video customers over its recent
quarter, rebounding from a loss a year earlier, while NBCUniversal
reported a massive jump in revenue tied to Rio Olympics coverage. Garmin
rose as quarterly strength in its wearables division helped to offset
weakness in sales of its car GPS devices. Overall revenue rose just over
6%. Verizon's multibillion-dollar deal to acquire Yahoo! is still going
forward, according to a Verizon exec. The acquisition was called into
question after a massive security breach that affected 500 million
accounts.
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