Mixed earnings, failed Brexit vote push down S&P 500

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States News News

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

The benchmark S&P 500 index gave up modest gains on Tuesday from earlier in the ...

Procter & Gamble shares rose gained 2.8% and United Technologies advanced 2.4%, while McDonald’s shares fell 4.6% and Travelers shares declined 8.4%.

“With a lower bar, earnings aren’t really coming in that great,” said Matthew Miskin, co-chief market strategist at John Hancock Investment Management in Boston. “They’re not going to cut it to get the market popping out of its trading range.” Boeing shares rose after United Technologies’ chief financial officer said that the company believed Boeing would make 737 MAX planes at its current rate for the rest of the year. They pared gains slightly after the New York Times reported that the company’s executive in charge of commercial airplanes was expected to leave the company. Boeing shares were last up 2.1%.

 

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:

 /  🏆 2. 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.

Why the S&P 500 needs Amazon to deliver on earningsThe S&P 500 can’t achieve new highs without some big help from Amazon, says our call of the day from Peter Garnry, Saxo Bank’s head of equity strategy.
Source: MarketWatch - 🏆 3. / 97 Read more »

S&P 500, Dow gain on upbeat earnings reports; Facebook pressures NasdaqThe S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports ea...
Source: Reuters - 🏆 2. / 97 Read more »