S&P Rises, Trying To Break 3-Day Slump

(MENAFN- Baystreet) S&P Faces 4th Losing Session

  • S&P Looks to Break 3-Day Losing Streak
  • S&P Lower on Message from Powell
  • Dow Lifted into Green
  • Dow Fights to End 6-Day Skid Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Wednesday, April 17, 2024

    S&P Rises, Trying to Break 3-Day Slump Advertisment
    The S&P 500 edged higher on Wednesday, on pace to snap a losing streak as the corporate earnings season ramped up.
    The Dow Jones Industrials gained 73.5 points to 37,872.47,
    The much-broader index recovered 8.19 points to 5,059.60.
    The nasdaq sank 0.9 points to 15,864.35.
    Material and utilities were the best-performing S&P 500 sectors on Wednesday, gaining around 1% each. Real estate and information technology names restricted gains, as each sector slipped about 0.3%.
    United Airlines climbed more than 8% after posting a narrower-than-expected loss and beating on revenue. J.B. Hunt Transport Services fell more than 7% after missing analysts' expectations on the top and bottom lines.
    The new earnings season is off to a promising start. While less than 10% of S&P 500-listed companies have reported financials so far, more than three out of every four have surpassed Wall Street expectations.
    Those moves come after the Dow was able to break a six-day losing streak.
    Prices for the 10-year Treasury gained ground, dropping yields to 4.63% from Tuesday's 4.66%. Treasury prices and yields move in opposite directions.
    Oil prices let go of 73 cents to $84.63 U.S. a barrel.
    Gold prices lost $4.10, to $2,403.70 U.S. an ounce.

    • About Us
    • Contact Us
    • Advertise
    • License Our Content
    • Jobs
    • Disclaimer
    • Privacy Policy

    Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks


  • Baystreet.ca

    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.