U.S. stocks advanced modestly Tuesday, with the S&P 500 edging closer toward a record as investors parsed a fresh batch of corporate earnings for clues on the broader economy.
Dow component UnitedHealth Group Inc. UNH, -3.42% initially rose after it beat revenue and profit expectations for the first quarter while boosting its full-year outlook. But the stock quickly surrendered those gains on concerns over threats that new health care reform measures, like Medicare-for-all, could significantly hurt health insurance industry profits. The stock fell 4.9%.Last Friday, presidential hopeful and Sen.
In corporate data, industrial production fell 0.1% in March, below the 0.1% rise expected by economists surveyed by MarketWatch. The same report showed capacity utilization falling to 78.8% in March, the lowest since last July, and below expectations of 79.1% “The tone of [UnitedHealth Group’s] outlook and particularly the political overhang is preventing them from rallying on good past performance,” he added.
What stocks are in focus? Johnson & Johnson JNJ, +0.98% rose 1.8% after the consumer and health-care product company topped Wall Street expectations for revenue and earnings in the first quarter.
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:
Thank You realDonaldTrump
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These stocks may bounce when there's a trade deal, Wall Street analysts sayAnalysts say these stocks could benefit from a trade deal There is no trade deal No deal. China will not keep it anyway. Good time to move the supply chain. Tariffs are taxes by government on consumers !
Source: CNBC - 🏆 12. / 72 Read more »
Stocks rise slightly at the open on trade deal hopesStocks posted slight gains at the open as investors cheered progress on U.S.-China trade talks.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks in Asia set to gain on hopes of progress in US-China tradeThe Wall Street Journal reported Thursday that China agreed to open its cloud-computing sector to foreign companies in an attempt to sweeten a deal with the U.S. More jokes? I'm sure I've heard this one before
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks open mixed, once again in thrall to U.S.-China trade jittersFretting over U.S.-China trade tensions may have something to do with Asia market malaise this week. But Deloitte thinks “it would be a mistake to overstate the dangers” as most economies in the region have done well the past two years, “only slowed a little of late and they have the potential to remain resilient through 2019.”
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian stocks retreat from eight-month high as Trump opens new trade war frontAsian shares slipped from eight-month highs on Wednesday as the International Mo... Then, the EU could allow a softer Brexit...
Source: Reuters - 🏆 2. / 97 Read more »
Global stocks rally stalls as U.S.-EU trade war threat simmersWorld stocks slipped below the six-month high they reached earlier this week as ...
Source: Reuters - 🏆 2. / 97 Read more »
Dow rises 200 points as healthy bank earnings, China trade data buoy marketsU.S. stocks open solidly higher on global growth optimism, alongside bullishly received bank earnings and a big jump for shares of Dow component Walt Disney... Maybe someone has increased his prayer.
Source: MarketWatch - 🏆 3. / 97 Read more »
Short European stocks still 'most crowded trade,' BAML survey showsShort positioning on European equities was the 'most crowded trade' fo... Interessant🤔
Source: Reuters - 🏆 2. / 97 Read more »
Stocks in Asia set to slip; BOJ chief flags trade risksStocks in Asia were set to see opening declines following comments from the Bank of Japan chief on the risks of increasing trade protectionism for the global economic growth outlook.
Source: CNBC - 🏆 12. / 72 Read more »