News Formal

Stock market news today: Traders digest mixed earnings reports

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States News News

US stocks rise but close lower for the week as investors mull mixed bag of corporate earnings

US stocks closed slightly higher on Friday as traders assessed more corporate earnings results, but all three major indices finished the week in negative territory.

The Nasdaq lost 0.3% for the week, and the Dow dipped 0.2% to snap a four-week winning streak. The S&P 500 ticked down less than 0.1% for the week. According to FactSet, more than 75% of S&P 500 companies that have reported so far have exceeded analysts' earnings expectations. Mega-cap tech like Alphabet and Amazon are on deck for next week's quarterly results.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

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

Retail traders are dumping tech stocks, but loading up on this one big bankRetail traders pivoted away from big tech names in favor of financials. I wouldn’t touch a bank for 1 dollar 😂😂
Source: CNBC - 🏆 12. / 72 Read more »