Advertisment
The S&P 500 was flat Tuesday as investors readied for key corporate earnings releases, including reports from notable tech names.
The Dow Jones Industrials let go of 42.75 points midday Tuesday to 42,344.82
The much-broader index gained 10.21 points to 5,833.73.
The NASDAQ captured 90.97 points to 18,658.16.
Alphabet, Snap, Reddit, Chipotle and Advanced Micro Devices are all scheduled to post their quarterly results after the market closes. Tech juggernauts Meta Platforms and Microsoft are slated to report Wednesday, while Apple is up on Thursday.
Ahead of their earnings releases, shares of Meta and Alphabet advanced more than 1% on Tuesday.
This will mark the busiest week of the earnings season with more than 150 S&P 500 companies scheduled to have reported by Friday’s close.
The major averages are coming off a winning session. Notably, the blue-chip Dow broke a five-day losing streak, while the tech-heavy NASDAQ notched its eighth positive session of the last nine.
Prices for the 10-year Treasury dropped Tuesday, hiking yields to 4.32% from Monday’s 4.27%. Treasury prices and yields move in opposite directions.
Oil prices shed 38 cents to $67.00 U.S. a barrel.
Prices for gold sprang up by $22.10 an ounce to $2.778 U.S.
