NEW YORK - U.S. stocks were little changed on Monday, as investors were cautious ahead of a barrage of quarterly earnings reports from major companies.
Phil Orlando, chief equity market strategist, at Federated Investors, in New York said he has been encouraged by quarterly reports even though it was early in the earnings season. But Orlando was impressed with the latest GDPNow forecast from the Atlanta Federal Reserve for a first-quarter expansion of 2.8% compared with a 0.2% forecast a month ago.S&P 500 profits are expected to drop 1.7% year-over-year, according to Refinitiv data, in what would be the first earnings contraction since 2016.
The S&P energy index jumped 1.9%, the most among the major S&P sectors, as oil prices surged on the United States’ move to further clampdown on Iranian oil exports, tightening global supplies.Halliburton Co, which swung between gains and losses, was last down 1.4%. It said a pricing downturn that has plagued the sector was bottoming out and reported better-than-expected revenue in North America in the first quarter.
FILE PHOTO: A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson
Thank you, Mr. President!
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street dips ahead of earnings delugeU.S. stocks pulled back slightly on Monday as investors awaited a barrage of maj... An example for all to note-the difference. Exaggerating again. A deluge! Do you even understand it's meaning. Come on journalist, have some respect for yourselves and get back to honest reporting instead of this everything is bleek and the world could end with this event.. You do it for every event. Just stop already!
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks hover below nine month peak after Wall Street stallsAsian stocks hovered below a nine-month peak on Tuesday after disappointing bank...
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks hover below nine-month high after Wall Street stallsAsian stocks hovered below a nine-month high on Tuesday after disappointing bank... Personally I think there’s something inherently dishonest about US stocks. Creepy.
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks cling to nine-month high on China hopes, Wall Street dented by earningsAsian stocks ticked up on Tuesday, staying near a nine-month high as hopes of st...
Source: Reuters - 🏆 2. / 97 Read more »
Bank of America earnings; Netflix pressure; Boeing in focusToday’s top business headlines with ChristineRomans before the opening bell on Wall Street: ChristineRomans This is how the new should be! “Not hey there’s a rapist on the wild! Help identify him after the break.” Y’all take too long with that shit ChristineRomans I’m confused all the dems candidates are campaigning saying they want to bring this country together and at the same time they hate Trump and his Millions of his supporters who voted for him. All credit goes to rep Tulsi Gibbard she’s the only candidate above the hate
Source: CNN - 🏆 4. / 95 Read more »
Wall Street inches higher on tech boost, Johnson & Johnson earningsU.S. stocks edged higher on Tuesday, as an advance in technology shares and a ju...
Source: Reuters - 🏆 2. / 97 Read more »