Your current location is:{Current column} >>Text
U.S. stocks are mixed, as Bank of America, J&J earnings lift S&P 500 By
{Current column}52People have watched
IntroductionBy Liz Moyer-- The S&P 500 was rising after better-than-expected earnings from Bank of America and J ...
By Liz Moyer
-- The How to deposit money into MT4 platformS&P 500 was rising after better-than-expected earnings from Bank of America and Johnson & Johnson.
At 9:42 ET (13:42 GMT), the was down 41 points or 0.1%, while the was up 0.4% and the rose 0.6%.
Bank of America Corp (NYSE:) shares rose 0.1% after profit that was boosted by rising interest rates, while Johnson & Johnson (NYSE:) fell 2.4% after it raised its outlook for profit this year, citing newer cancer treatments that will help buffer falling sales of its older portfolio of treatments.
Inc (NYSE:) shares fell 2.8% after it revenue forecasts because of a $470 million hit from the sale of loans in its Marcus consumer unit.
Analysts have gotten more optimistic, though it is early in the first quarter reporting season. Profit at S&P 500 companies are expected to drop 4.8% in the quarter from a year ago, compared with earlier expectations for a 5.2% drop.
In addition to earnings, analysts have been weighing what the Fed’s next move will be on interest rates. Mixed economic data is supporting the view that the Federal Reserve will by another quarter of a percentage point when it next meets in May. Clues about the policymakers' thinking may come from Fed Gov. , who is scheduled to speak later today.
in March fell 0.8% from the prior month, missing the expected rise of 0.4%.
Oil fell. was down 0.3% to $80.58 a barrel, while crude was down 0.4% to $84.41 a barrel. rose 0.1% to $2,008.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
Australia retail sales level off in Feb as shoppers rein in spending By Reuters
{Current column}By Stella QiuSYDNEY (Reuters) - Australian retail sales levelled off in February after wild swings a ...
Read moreOpening Bell: Risk
{Current column}Major investment banks and Tesla CEO predict recessionYen touches all-time lowDollar recoversKey Eve ...
Read moreJP Morgan sees portfolio rebalancing lifting U.S. stocks 7% next week By Reuters
{Current column}© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in ...
Read more
Popular Articles
- Several Fed officials considered rate pause in March, but ultimately agreed to hike By Reuters
- EU plans for life without Russian gas amid inflation spike By Reuters
- Asian Stocks Down, Despite A Jump in U.S. Equities By
- Futures slide ahead of Powell's congressional testimony By Reuters
- Job openings increase to 10.1 million in April
- U.S. Supreme Court rejects Bayer bid to nix Roundup weedkiller suits By Reuters
Latest articles
-
Russia likely behind U.S. military document leak, U.S. officials say By Reuters
-
G7 to announce ban on import of new Russian gold on Tuesday
-
Musk Says New Tesla Factories Lose Billions of Dollars Ahead of Ramp Up By
-
Biden to Urge Gasoline Tax Pause With Prices Weighing on Party By Bloomberg
-
Dow futures fall 65 pts; debt talks, job openings, Beige Book in focus By
-
Asia shares struggle, oil falls as recession fears linger By Reuters