U.S. indexes barely move as earnings reports offset
Major indexes ended lower Tuesday after companies’ profit reports topped analysts’ expectations, while oil prices fell and Treasury yields eased.
Key takeaways
- The S&P 500 slipped less than 0.1% to 7,805.45 on Tuesday.
- The Dow fell 0.3%, while the Nasdaq Composite lost 0.2%.
U.S. stock indexes ended little changed Tuesday as the first large batch of summer profit reports topped analysts’ expectations, with gains and losses largely offsetting each other.
The S&P 500 fell less than 0.1% to 7,805.45, leaving it slightly below its record set last week. The Dow Jones Industrial Average dropped 0.3% to 51,670.10, and the Nasdaq Composite fell 0.2% to 27,204.38.
The modest index moves masked bigger swings in individual stocks. Goldman Sachs and other companies shifted between gains and losses after reporting profits. Treasury yields eased as oil prices fell.
This article was produced with the help of AI technology. Source: Yahoo Finance
