2023-04-19 23:35:00
By Lewis Krauskopf and Sruthi Shankar and Ankika Biswas
(Reuters) – The S&P 500 index ended the session mostly unchanged on Wednesday, while the Dow fell as investors digested a mixed set of corporate earnings, which included favorable reports from medical technology companies, offset by weakness in stocks. from Netflix.
The Dow Jones was pressured by declines in shares of Walt Disney and UnitedHealth Group, after the results of rivals in their respective sectors.
Major stock indexes have been fairly stable during the early stages of the first quarter corporate earnings season, which investors expect to show lukewarm results.
The Dow Jones fell 0.23% to 33,897.01 points. The S&P 500 lost 0.01% to 4,154.52 points. The Nasdaq technology index advanced 0.03% to 12,157.23 points.
The defensive utilities sector was the best performer of the S&P 500 sectors, up 0.8%.
Investors are looking for signs in corporate earnings that inflation could be driving up costs or hurting consumer spending, amid fears the economy is on the brink of a slowdown.
Netflix shares fell 3.2% after the streaming video pioneer offered a worse-than-expected forecast. Shares in streaming rival Disney fell 2.2%.
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Source:
Reuters
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