Top 10 Things to Watch on Wednesday, April 17: S&P 500, United Airlines, Abbott Laboratories, Eli Lilly, Bank Earnings, Semiconductor Orders, Broadcom, Microsoft, Energy Stocks, and More

The S&P 500 is gearing up to break its three-session losing streak on Wednesday, with hopes of a turnaround in sight. The Federal Reserve’s acknowledgment of potential interest rate cuts this year adds to the anticipation in the market.

United Airlines is making headlines with impressive figures across the board, including a narrower quarterly loss and better-than-expected revenue. Despite cutting aircraft-delivery expectations due to Boeing issues, United shares are soaring by 5%.

Abbott Laboratories and Eli Lilly are also reporting positive news, with both companies exceeding expectations in their first-quarter earnings. Eli Lilly’s weight loss drug, Zepbound, is showing promise as a treatment for sleep apnea, with a reduction of up to 63%.

In the banking sector, Morgan Stanley and Wells Fargo are leading the pecking order after first-quarter earnings, followed by Goldman Sachs, Citigroup, Bank of America, and JPMorgan. Semiconductor equipment maker ASML is experiencing a plunge in orders, raising questions about demand in the market.

Barclays has raised the price target for Broadcom, while Wells Fargo has increased the target for Microsoft, citing a stable and improving backdrop for cloud services. Truist is optimistic about Amazon, Meta Platforms, and Alphabet ahead of earnings.

Devon Energy and Coterra Energy are also seeing positive shifts in their price targets, indicating newfound interest from investors. However, JPMorgan has cut the price target for 3M, while Honeywell is looking to get back on track after a recent downgrade.

Overall, the market is buzzing with activity, and investors are keeping a close eye on these top 10 developments for Wednesday, April 17. Stay tuned for more updates as the day unfolds.