- U.S. stocks hovered below their all-time highs on Wednesday, as investors digested a mixed batch of earnings reports and losses in energy stocks limited gains on the indexes.
The tech-heavy Nasdaq hit an all-time high of 8,139.55 earlier, helped by eBay Inc’s upbeat earnings and a rally in shares of chipmakers. Profits of S&P 500 companies are expected to decline 1.1% for the first quarter, still a large improvement from the 2.3% drop estimated at the start of April. Nearly 78% of the 129 companies that have reported so far have surpassed earnings estimates, according to Refinitiv data.
AT&T Inc declined 4.4% after the second-largest U.S. wireless carrier reported quarterly revenue below Wall Street estimates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companiesThe S&P 500 and Nasdaq both closed at record highs today. The S&P 500 closed at 2,933.62, breaking the previous record of 2,930.75. Thank you president realDonaldTrump 😇🧚♂️ SaraEisen can you say triple top and false breakout.
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 rallies toward record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies. PRINT M1 DOLLARS ThanksObama where is Obama ? watch him take credit!!!
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 heads for new record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies. Manipulated stock market.rigged! god i hate all this good news coming from the Trump tax cuts!!!! when is Obama gonna pipe up and take credit? he tried to destroy our economy and did a dam fine job of it!!!
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 flirts with record high on upbeat earningsThe S&P 500 was within striking distance of its all-time high on Tuesday as bett... And bitcoin is dead again
Source: Reuters - 🏆 2. / 97 Read more »
S&P 500 slips as health-care losses overshadow strong earnings and China growthPositive momentum early Wednesday faded throughout the day, with the Dow closing flat and the S&P 500 closing down 0.23%. Health care was the worst-performing sector.
Source: CNBC - 🏆 12. / 72 Read more »