Wall Street dips after mixed earnings

- U.S. stocks pulled back slightly on Wednesday after a record-setting rally in the prior session, as investors digested a batch of mixed earnings reports.

“Thus far you’ve had pretty strong reactions to earnings and investor sentiment is nervously positive,” said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Caterpillar Inc fell 3.2%. The company topped analysts’ estimates for quarterly profit but posted a 4% decline in construction revenue in Asia-Pacific, one of its key markets dominated by China.

The healthcare sector fell 0.4% and weighed the most on the markets amid ongoing concerns of tighter regulations.AT&T Inc shares declined 3% after the second-largest U.S. wireless carrier reported quarterly revenue below Wall Street estimates.

My housing stocks are rising slowly though...why are Jason and jennifer still trying to defend themselves again?!?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Anthem beats earnings estimates, raises 2019 profit forecastAnthem Inc's first-quarter profit beat Wall Street estimates on Wednesday a... I rather play warframe. Oh wait, wrong place. How much did they increase the salaries of the rank & file? Wonder how many people they denied treatment to
Source: Reuters - 🏆 2. / 97 Read more »

Lockheed Martin shares jump 4% as earnings beat Wall Street expectationsLockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks in Asia set to gain following Wall Street record closing highStocks in Asia were set to gain at the open on Wednesday after the S&P 500 and Nasdaq Composite closed in record high territory overnight on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »