US stocks end near flat to begin heavy earnings week

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NEW YORK: Wall Street stocks finished little changed on Monday (Apr 22) at the start of a heavy earnings week, with most petroleum-linked shares ...

NEW YORK: Wall Street stocks finished little changed on Monday at the start of a heavy earnings week, with most petroleum-linked shares rising with oil prices.The broad-based S&P 500 added 2.94 points at 2,907.97, while the tech-rich Nasdaq Composite Index won 17.21 points to 8,015.27.

The S&P 500 is projected to see a 3.9 per cent decline in first-quarter earnings per share, according to FactSet. If that happens, it would be the first year-over-year decline since the second quarter of 2016. Kimberly-Clark, which makes toilet paper, diapers and other paper products, shot up 5.4 per cent after reporting that first-quarter net profit surged nearly 400 per cent to US$454 million.

 

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