Stock market today: Stocks wobble as earnings roll in

US stocks searched for direction in afternoon trading on Tuesday as the Dow looked to snap a six-day losing streak. The Dow Jones Industrial Average edged higher, climbing about 0.5%, or more than 150 points. Both the S&P 500 and tech-heavy Nasdaq Composite reversed earlier losses with the benchmark index trading mostly flat while the Nasdaq rose about 0.1%.

UnitedHealth shares added about 5% after the healthcare group beat quarterly profit estimates, even as it said it expects to take a $1.6 billion hit from a February cyberattack. Investors were also digesting more big bank results: Bank of America reported that first quarter profit dropped 18% year over year as a key revenue source weakened, while Morgan Stanley stock rose as it topped expectations. Elsewhere, BNY Mellon posted a profit beat while Johnson & Johnson reported a revenue miss.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America, Morgan Stanley stocks up on Q1 earnings beatShares of Bank of America (BAC) and Morgan Stanley (MS) are rising Tuesday morning after reporting first quarter earnings. Both companies beat Wall Street...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks slip to start final week of eventful first quarterA furious rally on Wall Street to start 2024 took a breather at the beginning of the final week of the year's first quarter.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks mixed as Nasdaq flips into positive territoryThe prospect of a reversal from interest-rate hikes continues to buoy investors' spirits.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks open flat but still eye weekly winsThe prospect of a reversal from interest-rate hikes continues to buoy investors' spirits.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks jump to new highs as Fed buzz lifts marketsRelieved investors continued to celebrate the Federal Reserve's signal that it will delay but not slow rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks climb to new records after Fed sticks to the plan on ratesStocks rose after the Fed's latest projection for interest rates showed the central bank sees three interest rate cuts by the end of this year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »