US STOCKS-Wall St Subdued in Choppy Trade After Big Bank Earnings, Chips Slide
Mixed bank results and renewed chip selling left major U.S. indexes little changed as investors awaited inflation and retail data.
6 Articles
6 Articles
(Teleborsa) - Wall Street proceeds without a definite direction, with the main indices in slight decrease, while investors analyze a contrasting series of quarterly results and return sales on...
US stocks were mixed on Tuesday as investors digested a barrage of corporate earnings from major banks, while a sharp overnight drop in South Korea weighed on memory stocks. The S&P 500 fell 0.1%, while the Nasdaq Composite lost 0.3%. The Dow Jones Industrial Average outperformed, gaining 359 points, or 0.7%. JPMorgan Chase reported third-quarter results, with earnings and revenue below analysts' estimates.
The indices fall after the disclosure of quarterly figures of some of the largest US banks such as JP Morgan, Citi Group and Wells Fargo.
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