Wall Street edges higher on generally positive earnings

NEW YORK - U.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance.

With reporting season in full swing, analysts now expect first quarter S&P 500 profits to have dropped 1.8% year-on-year, according to Refinitiv data. While a solid improvement over recent estimates, it would still mark the first earnings decline since 2016. But UnitedHealth Group, which also reported better-than-anticipated first-quarter profit and hiked its 2019 earnings forecast, fell 4.0%, likely due to regulatory worries. The stock was the biggest drag on the Dow.The S&P 500 Healthcare Index closed down 2.0%

The Dow Jones Industrial Average rose 67.89 points, or 0.26%, to 26,452.66, the S&P 500 gained 1.48 points, or 0.05%, to 2,907.06 and the Nasdaq Composite added 24.21 points, or 0.3%, to 8,000.23.Financials were the biggest percentage winners, rising 1.4%.International Business Machines Corp also fell post-market following the blue-chip tech company’s earnings report.

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.

Wall Street edges higher on generally upbeat earningsFinancial and tech firms gave Wall Street a modest lift on Tuesday following a s... Thanks for that update on the kiddie pool. Meanwhile over in the adults pool.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Uber IPO; Central banks in focus; Delta earningsCNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street ChristineRomans Why do people still watch these fools ChristineRomans I get it. Make money only if u have money ChristineRomans
La source: CNN - 🏆 4. / 95 Lire la suite »

Guggenheim says next recession will be less severe — but the ensuing stock market fall will be brutalEven though the next recession is likely to be shallow, stock-market investors will nurse some hefty losses in the next downturn, says Guggenheim
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Wall Street bull run hinges on earningsOptimism that the United States and China will soon reach a trade deal has helpe... And Trump not taxing the EU AND SLAPPING TARRIF'S ON ANYTHING THAT DISAGREES WITH HIS ORANGE HAIRLINE!!! JUST TWEETING BRO. CHOLLAX
La source: Reuters - 🏆 2. / 97 Lire la suite »