US stocks searched for direction on Tuesday as the Dow looked to snap a six-day losing streak. The Dow Jones Industrial Average edged higher in afternoon trading, climbing about 0.5%, or more than 150 points. Both the S&P 500 and tech-heavy Nasdaq Composite reversed earlier losses to rise about 0.3% and 0.5%, respectively. The moves come as bond yields remain at multi-month highs, coupled with rising tensions in the Middle East following Iran's weekend attacks on Israel.
Meanwhile, earnings reports flooded in before the bell. UnitedHealth shares added about 5% after the healthcare group beat quarterly profit estimates, even as it said it expects to take a $1.6 billion hit from a February cyberattack. Investors were also digesting more big bank results: Bank of America reported that first quarter profit dropped 18% year over year as a key revenue source weakened, while Morgan Stanley stock rose as it topped expectations.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Markets today: Stocks churn before Fed with Powell as 'wild card'Wall Street traders refrained from making any big bets ahead of the U.S. Federal Reserve decision as they braced for whether Jerome Powell will throw cold water on rate-cut hopes.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »
Markets today: stocks, bonds gain on Powell rate-cut reassuranceStocks rose and Treasury yields pulled away from four-month highs after Federal Reserve chief Jerome Powell reaffirmed the central bank is on track to cut interest rate cuts this year.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »
Markets today: U.S. stocks rise as Powell sticks to wait-and-see toneStocks rebounded after a two-day drop, with Jerome Powell reiterating the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »
Markets today: U.S. stocks rebound after data with eyes on PowellThe stock market rebounded as the latest set of economic data did little to alter bets the Federal Reserve will deliver rate cuts this year, following recent concern that the central bank would delay policy easing.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »
Stock market today: Dow slides, Nasdaq closes at record to cap winning weekThe prospect of a reversal from interest-rate hikes continues to buoy investors' spirits.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market today: Dow futures jump over 200 points as earnings roll inStocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »