Stock market news today: Traders digest mixed earnings reports

📆 22/04/2023 05:51:00
📰 BusinessInsider

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US stocks rise but close lower for the week as investors mull mixed bag of corporate earnings

US stocks closed slightly higher on Friday as traders assessed more corporate earnings results, but all three major indices finished the week in negative territory.

The Nasdaq lost 0.3% for the week, and the Dow dipped 0.2% to snap a four-week winning streak. The S&P 500 ticked down less than 0.1% for the week. According to FactSet, more than 75% of S&P 500 companies that have reported so far have exceeded analysts' earnings expectations. Mega-cap tech like Alphabet and Amazon are on deck for next week's quarterly results.

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