3 Details To Follow About Intel, AT&T, SnapChat

Stocks rose, with the S&P 500 and Dow Jones Industrial Average hitting new record highs with continued strong earnings reports into the final half hour of trading. Health stocks were in the spotlight Wednesday, with strong names from Anthem Inc (NYSE:ANTM) and Abbott Laboratories (NYSE:ABT). Both raised their shares, raising their full-year profit forecasts. Reuters reported that it expects S&P 500 earnings to rise 33% year-on-year. Supply chain disruptions combined with labor market shortages and the impact of the Delta variant of Covid-19 have slowed the economy, according to the Federal Reserve's 'Beige Book' report released Wednesday. Compared to most Federal Reserve Territories in a periodic sampling of local economic activity, economic activity grew at a modest rate. However, some Regions stated that the growth rate has slowed down.

1. Intel

Intel Corporation (NASDAQ:INTC) reported third-quarter earnings per share of $1.11 on revenue of $18.24 billion. Investors are hoping to hear an update on production. Earlier this week, Apple Inc (NASDAQ:AAPL) introduced new computers powered by its own chip as a result of moving away from using Intel chips.

2. AT&T

AT&T Inc (NYSE:T) reports third-quarter revenue of $41.67 billion and earnings per share of 78 cents. As the company aims to focus on traditional telecommunications and 5G expansion, it will separate studio and broadcast business Warner Media and acquire Discovery Inc. (NASDAQ:DISCA) in an agreement to merge.

3. SnapChat

Snap Inc's (NYSE:SNAP) third-quarter loss per share is expected to approach 9 cents, with revenue expected to be $1.1 billion. The social media company will inform investors about metrics such as the average number of monthly users.     3 Details To Follow About Intel, AT&T, SnapChat Source: Investing.com You may also be interested in: Here Are 2 Warren Buffett Stocks That Should Be Held Forever