Stocks ended mostly lower on Wednesday, but not by much, after the Federal Reserve’s latest Beige Book survey showed that little has changed in economic activity, even while banks pulled back on lending. The Dow Jones Industrial Average DJIA, -0.23% fell about 79 points, or 0.2%, ending near 33,897, while the S&P 500 index SPX, -0.01% shed less than a point, according to preliminary FactSet data. The Nasdaq Composite Index COMP, +0.03% was less than 0.1% higher.
Stocks have been struggling for direction this week as corporate quarterly earnings season gathered steam. The focus for months has been on how far the Fed might rate rates before pausing, and then for how long they might stay high as the central bank looks to bring high inflation lower. Stress in the banking system cropped up in March, with the failure of Silicon Valley Bank and Signature Bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
J&J, Goldman stocks cut Dow’s price by 68 points after earningsShares of Johnson & Johnson and Goldman Sachs Group Inc. were the biggest drags on the Dow Jones Industrial Average even as both companies reported...
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla, Netflix stocks fall, Western Alliance shares surge, and other stocks on the moveNetflix's stock declines after posting weaker subscriber growth, while Tesla shares weaken after more price cuts.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. stocks open lower as investors continue to digest company earningsU.S. stocks opened lower Wednesday as investors weigh another batch of company earnings. The Dow Jones Industrial Average was down 0.4% soon after the... Keep 'digesting' all they want. It's not gonna change the upcoming shits-show we are entering.
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 ekes out gain, stocks drift as earnings pick upU.S. stocks drifted, closing mostly lower on Tuesday, as investors waited for earnings season to gather more steam. The Dow Jones Industrial Average ended down 10 points, or less than 0.1%, near 33,976:
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. stocks open lower as investors digest results from IBM, Morgan Stanley and moreU.S. stocks opened lower on Wednesday as investors digested a batch of earnings including results from Morgan Stanley and International Business Machines... IBM? Think they report tonight.
Source: MarketWatch - 🏆 3. / 97 Read more »