World

U.S. stocks end mixed with earnings, Fed meeting in focus

NEW YORK
2021-04-28 05:03

Already collect



NEW YORK, April 27 (Xinhua) -- U.S. stocks finished mixed on Tuesday as Wall Street eyed corporate earnings and awaited a key announcement from the Federal Reserve.

The Dow Jones Industrial Average increased 3.36 points, or 0.01 percent, to 33,984.93. The S&P 500 decreased 0.90 points, or 0.02 percent, to 4,186.72. The Nasdaq Composite Index lost 48.56 points, or 0.34 percent, to 14,090.22.

Eight of the 11 primary S&P 500 sectors ended in red, with utilities down 0.75 percent, leading the laggards. Energy climbed 1.26 percent, the best-performing group.

U.S.-listed Chinese companies traded mostly lower, with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

On the corporate side, Tesla shares slipped 4.5 percent even after the electric automaker reported quarterly earnings and revenue that exceeded consensus estimates.

Microsoft and Google-parent Alphabet delivered results after Tuesday's market close, while Apple and Facebook are set to report on Wednesday after the bell.

With about a third of S&P 500 index companies reporting so far, about 80 percent have beaten forecasts, according to FactSet.

Elsewhere, the U.S. central bank on Tuesday kicked off its two-day policy meeting. Traders will look to its monetary policy decision and press conference from Federal Reserve Chair Jerome Powell slated for Wednesday afternoon.
Add comments

Latest comments

Latest News
News Most Viewed