MTS Help Center

S&P 500 slips from record as earnings season rally loses some steam

The S&P 500 fell from a record high on Wednesday as the momentum from a strong earnings season started to fade.

The Dow Jones Industrial Average dipped 266.19 points to 35,490.69, falling for the first time in four days, dragged down by Visa.

The S&P 500 traded down 0.5% to 4,551.68, for its first down day in three.

The tech-heavy Nasdaq Composite closed at 15,235.84, flat despite a jump in Microsoft and Alphabet shares.

Microsoft shares jumped 4.2% after the tech company reported earnings that exceeded analysts’ estimates and the fastest revenue growth since 2018. Google-parent Alphabet also popped 4.9% following a stronger-than-expected quarterly report.

Europe stocks close higher as investors monitor earnings; THG down 21%

European stocks closed higher on Tuesday, as positive corporate earnings offered a tailwind to global markets.

The pan-European Stoxx 600 closed up by 0.8%, with travel and leisure stocks jumping 1.9% to lead gains with most sectors and major bourses firmly in positive territory.

Reference: CNBC