Last Updated: April 22, 2023, 03:12 IST
The broad-based S&P 500 additionally edged up 0.1 % to 4,133.52, as did the tech-rich Nasdaq Composite Index, which stood at 12,072.46.(Representative picture)
Stocks traded inside a slim vary for a lot of the day, extending a uneven interval in every week with few main financial releases
Wall Street shares closed barely larger on Friday, concluding a lackluster week on a benign observe forward of subsequent week’s deluge of main earnings studies.
Stocks traded inside a slim vary for a lot of the day, extending a uneven interval in every week with few main financial releases.
The Dow Jones Industrial Average ended 0.1 % larger at 33,808.96.
The broad-based S&P 500 additionally edged up 0.1 % to 4,133.52, as did the tech-rich Nasdaq Composite Index, which stood at 12,072.46.
Investors principally targeted on company earnings, which have been blended.
But analysts stated this week’s outcomes have been a warm-up for subsequent week’s heavy schedule involving tech giants like Apple and Microsoft, together with blue-chip firms equivalent to Boeing and McDonald’s.
“Markets are in wait-and-see mode forward of the tech earnings subsequent week,” stated Angelo Kourkafas of monetary companies agency Edward Jones. He additionally pointed to an upcoming Federal Reserve coverage determination.
“These are going to be the next two catalysts,” he stated.
Procter & Gamble jumped 3.5 % after reporting better-than-expected outcomes as pricing will increase boosted gross sales.
Among different firms reporting outcomes, shares of CSX rose 3.3 %, whereas these of Schlumberger dropped 4.2 %.
Ride-hailing agency Lyft jumped 6.1 % following a Wall Street Journal report which stated greater than 1,200 jobs might be eradicated, however the firm declined to remark on a selected determine.
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(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)
