Crude Oil Falls Over 3%; Philip Morris Earnings Top Views
1. PM reported better-than-expected Q1 results, raising FY25 EPS guidance. 2. Revenue increased 5.8% YoY to $9.30 billion, exceeding estimates. 3. Adjusted EPS of $1.69 surpassed consensus by $0.08. 4. Overall market is up, with Dow gaining over 500 points. 5. Consumer discretionary stocks surged 5.2%, boosting investor sentiment.