Dow slips and the stock market treads water at the open as investors digest earnings from B.of A.

U.S. stock indexes tread water at the start of trading Wednesday, with investors finding few reasons to take benchmarks further into record territory, amid a round of earnings from U.S. corporations. The Dow Jones Industrial Average DJIA, -0.04% edged 17 points, or less than 0.1%, lower at 27,316, the S&P 500 index retreated less than 0.1% at 3,003, while the Nasdaq Composite Index COMP, +0.06% inched less than 0.1% lower at 8,224. Bank of America BAC, +1.

14% reported better-than-expected results, with earnings per share for the quarter at 74 cents, compared with estimates for 71 cents. But expectations for lower profits, in an environment of falling interest rates, have put some pressure on shares of the second-largest bank by assets. Meanwhile, shares of CSX Corp. CSX, -8.77% were down after the rail company cut its full-year sales projections, citing economic uncertainty and a recent shutdown of a major oil refinery it served.

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.

Dow, Nasdaq end at records as Citigroup results mark start of earnings seasonU.S. stocks ended slightly higher on Monday as investors saw results from Citigroup kicking off the unofficial start of earnings season for the...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

What to watch today: Banking earnings, EU's Amazon probe, and Elon Musk's brain computerU.S. stock futures point to a slightly higher Wall Street open, following the first loss in five sessions for the Dow and six sessions for the S&P 500.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks pull back from record levels as earnings season picks up steamStocks got off to a slightly lower start Tuesday as investors digested a stream of earnings reports, including results from Dow components Johnson &...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

The market is nearing a milestone that could be more important than Dow 27,000, S&P 500 3000If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes. And 8000 in Nas 100 That tax cut trump gave 1% and blew up the deficit really helped companies buy back stock. The stock market doesn’t show a strong economy. Most Americans aren’t even in the stock market. We are headed to another recession
La source: CNBC - 🏆 12. / 72 Lire la suite »