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Stocks were little changed Thursday as traders assessed the latest batch of earnings reports, with the S&P 500 looking to record its longest winning streak since December.
The Dow Jones Industrials scaled back 105.20 points to 43,116.35
The S&P 500 Index dipped 3.69 points to 5,946.22.
The NASDAQ Composite declined 30.23 points to 19,481.01.
Bank of America inched higher after the company reported an earnings and revenue beat in the prior quarter. Morgan Stanley climbed 1.9% after posting a top- and bottom-line beat in the fourth quarter on strong investment banking activity and fixed income trading revenue. The results come a day after other financial peers such as JPMorgan Chase and Goldman Sachs also beat fourth-quarter estimates.
The earnings season is off to a strong start overall, with 77% of the companies that have reported thus far beating expectations.
Prices for the 10-year Treasury were flat, keeping yields at Wednesday’s 4.65%.
Oil prices skidded 69 cents to $79.35 U.S. a barrel.
Prices for gold hiked $28.70 an ounce to $2,746.50 U.S.
