[NEW YORK] US stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance.
Of the 42 S&P 500 companies that have posted thus far, 81 per cent have beaten consensus, compared with the 65 per cent average beat rate going back to 1994. The second biggest US bank by assets, Bank of America missed revenue expectations but its profit beat forecasts due to cost cutting and loan increases. Its shares edged up 0.1 per cent.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall Street slips as bank earnings disappoint[NEW YORK] Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks open lower after Wall Street losses[TOKYO] Tokyo stocks opened lower on Tuesday, with investors turning cautious after modest drops on Wall Street. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia stocks hover below nine month peak after Wall Street stallsAsian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street forges higher amid rosy earningsNEW YORK: Wall Street edged higher on Tuesday (Apr 16) amid a string of better-than-expected earnings reports, bringing the three major stock ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street slips as bank earnings disappointU.S. stocks slipped on Monday, weighed by losses in financial stocks as earnings from Wall Street's big banks Goldman Sachs and Citigroup failed ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »