Stock market today: Dow futures jump over 200 points as earnings roll in

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Earnings Reports News

Dow,United Health,The Federal Reserve

Stocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.

Dow futures popped on Tuesday, with US stocks eyeing a broader comeback as a wave of earnings reports lifted a market faced with bond yields at multimonth highs and rising tensions in the Middle East. Dow Jones Industrial Average futures gained 0.6%, coming off a six-session run of losses. Futures on the S&P 500 and the tech-heavy Nasdaq 100 also revived to hover above the flatline.

United Health shares added almost 7% after the healthcare group beat quarterly profit estimates, even as it said it expects to take a $1.6 billion from a February cyberattack. Investors were digesting more big bank results: Bank of America reported that first-quarter profit dropped 18% year-on-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.

 

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:

 /  🏆 47. 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.

Stock market today: Dow slides, Nasdaq closes at record to cap winning weekThe prospect of a reversal from interest-rate hikes continues to buoy investors' spirits.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow set for rebound as rate-cut nerves settleFocus is turning to the looming monthly jobs report after Fed Chair Jerome Powell didn't change his tune on rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow sinks more than 400 points, yields rise to 2024 highsInvestors are growing gloomy about the chances the Fed will delay a rate cut until the second half of the year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow sinks nearly 400 points, yields rise to 2024 highsInvestors are growing gloomy about the chances the Fed will delay a rate cut until the second half of the year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow futures sink over 100 points as doldrums persistInvestors are growing gloomy about the chances the Fed will delay a rate cut until the second half of the year.
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 »