Stocks were able to regain ground Friday after equity futures tumbled overnight as investors bet Israel retaliatory strikes against Iran would not escalate to a bigger conflict. Oil prices traded into the red after briefly spiking earlier. The Dow Jones Industrial Average traded 64 points higher, or 0.2%. The S&P 500 slipped 0.1%, while the Nasdaq Composite pulled back 0.3% on the back of a Netflix post-earnings decline. A person familiar with the matter told NBC News that Israel conducted a limited strike against Iran. Earlier, Iran's Fars news agency reported explosions were heard...
The Dow Jones Industrial Average finished higher Tuesday as investors parsed through the latest batch of corporate earnings reports for insight into the state of the economy. The Dow gained 140.40 points, or 0.31%, to close at 33,733.96. The S&P 500 dipped 0.07% to settle at 4,016.95, while the Nasdaq Composite dropped 0.27% to end at 11,334.27. Earnings season continued Tuesday with mixed results. 3M dropped 6.2% on disappointing guidance, while Union Pacific dipped 3.3% after the railroad company's results fell short of analysts' estimates. The unofficial start to big-tech results...
U.S. stock indexes fell on Tuesday after industry bellwethers 3M, Johnson & Johnson, and GE beat expectations for profit but warned of a challenging year ahead. The fourth-quarter earnings season is keenly watched as companies are expected to feel the full impact of the Federal Reserve's rate-hike campaign. The central bank is widely expected to raise rates by another quarter of a percentage point next week. Industrial conglomerate 3M Co fell 5.9%, leading the decliners among Dow components after reporting a fall in quarterly profit. Verizon Communications Inc dropped 0.4% after...
European markets closed lower on Tuesday with investors digesting the latest flash purchasing managers' index data from the euro zone in January, and the early rumblings of corporate earnings season. The pan-European Stoxx 600 index closed 0.2% lower, with health care and oil and gas stocks shedding 1.2% to lead losses while travel and leisure stocks added 1.3%. PMIs track business activity in the services and manufacturing sectors, and Tuesday's figures showed the euro zone returning to modest growth in December, boosting hopes that the 20-member currency bloc may avoid recession. The...
U.S. stocks opened lower Tuesday, pulling back after strong back-to-back gains led by the tech-heavy Nasdaq Composite. Investors were weighing results from corporate heavyweights, including General Electric and Johnson & Johnson, while Microsoft Corp was set to kick off earnings for megacap tech companies after the bell. The Dow Jones Industrial Average was down 157 points, or 0.5%, while the S&P 500 shed 0.5% and the Nasdaq Composite declined 0.6%. Source: Marketwatch
Stock futures were largely flat on Tuesday morning as investors looked to continue a strong start to the week during a busy stretch of corporate earnings. Futures tied to the Dow Jones Industrial Average fell 34 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures were each lower by less than 0.1%. The muted move in futures comes after a solid start to the week on Wall Street. On Monday, the Nasdaq Composite led with a gain of 2.01%. The S&P 500 and Dow gained 1.19% and 0.76%, respectively. It was the second straight positive day for the major averages, and all three are up in...