Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 15
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»Stock market today: Wall Street holds steady as a torrent of earnings reports begins | National News
    Stock Market

    Stock market today: Wall Street holds steady as a torrent of earnings reports begins | National News

    July 23, 20243 Mins Read


    NEW YORK (AP) — U.S. stocks are holding relatively steady Tuesday as earnings reporting season ramps up for big companies.

    The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was down 50 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% lower.

    Dozens of companies in the S&P 500 are reporting their results for the spring on Tuesday, with a couple highly influential Big Tech companies coming after trading ends for the day in Alphabet and Tesla. Expectations are generally high, and analysts are forecasting the strongest profit growth for the S&P 500 since late 2021, according to FactSet.

    UPS tumbled 12.3% after it delivered weaker profit and revenue for the spring than analysts expected. But CEO Carol Tomé said the company’s U.S. business delivered more packages than a year earlier, its first such growth in nine quarters, and called it a “significant turning point for our company.”

    Danaher jumped 7.6% after reporting stronger profit and revenue for the latest quarter than expected. The life sciences company credited strength for its Cepheid molecular testing business.

    Coca-Cola rose 1.6% after the beverage giant topped Wall Street’s forecasts and raised its full-year sales outlook

    Sherwin-Williams climbed 4.5% after it also reported stronger profit than expected. It said it’s seeing growth in demand for paint from new residential customers, and it expects the momentum to continue through the year. Through its customers, the paint and coatings company has been feeling the pain of high interest rates meant to get inflation under control.

    High mortgage rates have chilled the housing industry, for example, and a report coming later in the morning will show the latest trends in sales for previously occupied homes. Economists expect it to show a drop in June from May.


    High Wind and Hail in Truckee and Floriston

    Easier times may be ahead. With inflation slowing, the wide expectation on Wall Street is for the Federal Reserve to begin lowering its main interest rate in September. That would offer some relief for both the economy and financial markets after the Fed has held the federal funds rate at the highest level in more than two decades.

    Treasury yields have sunk since the spring on such expectations, and they ticked a bit lower again on Tuesday.

    The yield on the 10-year Treasury edged down to 4.24% from 4.25% late Monday.

    In stock markets abroad, indexes were mixed across Asia and Europe.

    Chinese markets were some of the weakest, and stocks fell 0.9% in Hong Kong and 1.6% in Shanghai. Analysts described moves by China’s central bank to cut two key interest rates on Monday as not particularly inspiring.


    AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

    Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWhy Proactive Is Better in Commodity Risk Management
    Next Article New Funds and Finance Models Shake Up Africa’s Screen Industries

    Related Posts

    Stock Market

    Un initié de Bitmine Immersion Technologies achète pour près de 2 millions de dollars d’actions, selon un dépôt récent à la SEC

    July 14, 2025
    Stock Market

    ImmunoPrecise de nouveau en conformité avec l’exigence du cours acheteur minimum du Nasdaq

    July 14, 2025
    Stock Market

    Stock Market Today: Dow Futures Fall After Trump's EU, Mexico Tariff Threats — Live Updates – The Wall Street Journal

    July 14, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Michael Saylor Issues “Bitcoin Future” Tweet As BTC Holds at $60,000

    August 10, 2024
    Commodities

    Westford settles with Dubai Insurance in battle over Phoenix Commodities debts

    August 7, 2024
    Commodities

    Strathcona plans $2 billion in carbon capture projects – BNN Bloomberg

    July 16, 2024
    What's Hot

    Jio Financial Services Q1 Results Live : profit rise by 3354.67% YOY

    July 18, 2024

    China’s Alibaba launches ecommerce subsidies of $7 billion in consumption boost, ET BrandEquity

    July 2, 2025

    US, Northwest Europe extend blue ammonia premium to Asia in September

    October 29, 2024
    Most Popular

    Le montant de la taxe foncière, le Bitcoin au-dessus des 100 000 dollars… L’actu éco en 120 secondes

    May 12, 2025

    Here are Crucial Targets to Watch

    August 26, 2024

    Bitcoin Prix aujourd’hui: correction temporaire ou surtension permanente?

    March 15, 2025
    Editor's Picks

    Bitcoin chute à 78,6 K $ en raison de la prudence sur le marché

    April 6, 2025

    Rosenblatt maintains $1,300 target on Super Micro amid 10K delay By Investing.com

    August 28, 2024

    Les espoirs commerciaux alimentent l’appétit pour le risque, stimulant les actions et le bitcoin

    May 9, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.