Wall Street edges lower, energy stocks fall

NEW YORK - The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports.

The S&P 500, closing roughly 0.5% below its intraday record high hit in late September, has rallied about 17% year-to-date. It has been supported by a dovish Federal Reserve, hopes of a U.S.-China trade deal and largely upbeat earnings. “There was no needle moving news today for people to be making bigger bets on anything after the big move we had yesterday.”At the market close on Wednesday, the Dow Jones Industrial Average fell 59.34 points, or 0.22%, to 26,597.05, the S&P 500 lost 6.43 points, or 0.22%, to 2,927.25 and the Nasdaq Composite dropped 18.81 points, or 0.23%, to 8,102.02.

“The market is taking a pause,” she said. “We’ve a lot of earnings coming this week and next. There’s nothing today that would change the overall economic outlook.” Caterpillar Inc fell 3% as rising costs hit margins in its construction equipment business and the company reported tepid sales in the Asia-Pacific region.

But realDonaldTrump said it was at all time high! Is he lying?

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.

Chipotle stock falls after topping Wall Street earnings expectationsChipotle Meixcan Grill Inc. shares fell less than 1% in the extended session Wednesday after the company topped Wall Street estimates. The company reported...
Source: MarketWatch - 🏆 3. / 97 Read more »

These six stocks have 'upside' potential due to recent developments, Wall Street analysts sayCNBC combed through company research to find analysts from different industries singling out stocks in their coverage universes. snap will see 5 before 15 In MO corrupt law enforcement is stealing SIM codes which control your ability to call out. Please send help/transport to Cindy Bray 2133 E Berkeley Springfield MO Everyone in this town is loaded w/roundworm. MuellerReport
Source: CNBC - 🏆 12. / 72 Read more »

Lockheed Martin shares jump 4% as earnings beat Wall Street expectationsLockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks end the day little changed as Wall Street braces for a corporate earnings delugeWe celebrated CNBC's 30th anniversary by ringing the closing bell at NYSE today. Stocks closed flat, with the S&P 500 holding above the critical 2,900 level. NYSE ClosingBell NYSE Most Well Come S&P Unit Everybody and New York Stock Exchanges and CNBC Business News Everybody
Source: CNBC - 🏆 12. / 72 Read more »