Wall Street today: US stocks drift after big earnings | Stock Market News
Source: Live Mint
US stocks were drifting on Thursday, as investors assessed big earnings and markets awaited US President Donald Trump’s next move on trade curbs.
At 11:26 a.m. ET, the Dow Jones Industrial Average fell 75.92 points, or 0.17%, to 44,797.36, the S&P 500 gained 14.66 points, or 0.24%, to 6,076.14 and the Nasdaq Composite gained 42.11 points, or 0.21%, to 19,734.44.
As of 10:45 am Eastern time, the S&P 500 was up 0.1%. The Dow Jones Industrial Average was down 0.2%. The Nasdaq Composite was 0.1% higher.
At the opening bell, the Dow Jones Industrial Average rose 75.9 points, or 0.17%, to 44949.19. The S&P 500 rose 10.7 points, or 0.18%, to 6072.22, while the Nasdaq Composite rose 33.5 points, or 0.17%, to 19725.827.
Gainers and losers
Tapestry stock jumped 13.9% after the company reported stronger profit for the fourth quarter than analysts expected.
Philip Morris International shares rose 9.1% after the company reported a better profit than expected.
Qualcomm fell 4.9% despite reporting quarterly profit.
Honeywell stock fell 6.2% after the company announced it will split into three independent, publicly-traded companies.
Eli Lilly shares rose 4% after the drugmaker forecast annual profit largely above estimates.
Amazon.com rose nearly 1% ahead of its quarterly earnings report after the closing bell.
In the bond market, The yield on the 10-year Treasury was at 4.43%, where it was late on Wednesday.
Bullion
Gold prices slid 1% on Thursday as the US dollar firmed.
Spot gold slipped 1% to $2,835.31 per ounce by 10:09 am ET (1509 GMT). US gold futures dropped 1.3% to $2,856.30.
Spot silver dropped 1.7% to $31.76 per ounce.
Crude oil
Oil prices edged up on Thursday after Saudi Arabia’s state oil company raised its March crude prices sharply.
Brent crude futures rose 44 cents, or 0.6%, to $75.05 a barrel by 1355 GMT. US West Texas Intermediate crude was up 48 cents, or 0.7%, at $71.51.
