By DAMIAN J. TROISE, Associated Press Business Writer
NEW YORK (AP) — Stocks wavered in morning trading on Wall Street Friday as the first week of corporate earnings season closes out with markets trading near record levels.
Related Articles
Taiwan hails its ‘best’ trade deal with US, as China protests Leonard D. Jacoby, 83, dies; brought legal services to the masses How I’d split California, economically speaking An app’s blunt life check adds another layer to the loneliness crisis in China Newsom plans no new journalism funding despite $175 million deal with GoogleThe S&P 500 rose 0.1%. The Dow Jones Industrial Average fell 83 points, or 0.2%, as of 10:07 a.m. Eastern. The Nasdaq composite rose 0.2%.
Technology stocks were doing the heavy lifting for the broader market. Most stocks within the S&P 500 were losing ground, but several big technology stocks made strong gains and countered losses elsewhere.
Nvidia rose 1.3% and Broadcom rose 1.8%. They are among several Big Tech companies with outsized valuations that often push the market higher or lower.
A handful of regional U.S. banks reported their earnings following mixed reports from their larger peers. Pittsburgh’s PNC jumped 3.8% after it beat Wall Street’s fourth-quarter targets, but Regions Financial fell 2.9% after reporting results that missed forecasts.
Outside of the banking sector, transport company J.B. Hunt Transport Services fell 1.5% after reporting mixed quarterly financial results.
Crude oil prices rose after dropping sharply on Thursday. The price of U.S. crude oil rose 1% to $59.76 and the price of Brent crude, the international standard, rose 1% to $64.39.
Treasury yields moved higher in the bond market. The yield on the 10-year Treasury rose to 4.19% from 4.17% late Thursday.
European markets fell, and markets in Asia were mixed. Taiwan’s benchmark index rose 1.9% after its government signed a trade deal with the U.S. China, which claims the self-governed island as its own territory, protested the agreement.
Hence then, the article about stocks waver on wall street and remain near records was published today ( ) and is available on The Orange County Register ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Stocks waver on Wall Street and remain near records )
Also on site :