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A torrent of profit reports sends major indexes down; small stocks keep rising

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U.S. stocks held steady in a calm day on Wall Street, as earnings reporting season ramped up for big companies.

U.S. stocks held relatively steady in a calm Tuesday on Wall Street, as earnings reporting season ramped up for big companies. The Standard & Poor's 500 slipped 8.67 points, or 0.2%, to 5,555.74. The Dow Jones industrial average edged down by 57.35 points, or 0.1%, to 40,358.09, and the Nasdaq composite dipped 10.22 points, or 0.1%, to 17,997.35. But the smaller stocks in the Russell 2000 continued their big run and rose 1%.

9% after delivering stronger profit for the latest quarter than expected. It said it’s seeing growth in demand for paint from new residential customers, and it expects the momentum to continue through the year. That’s despite high mortgage rates having chilled the housing industry. A report on Tuesday showed sales of previously occupied homes weakened by even more in June than economists expected.

 

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