US stocks fluctuate near all-time highs amid earnings reports - News Summed Up

US stocks fluctuate near all-time highs amid earnings reports


Almost 80% of the S&P 500 companies that have reported results this earnings season have beaten profit forecasts, while 57% exceeded sales expectations. Starbucks Corp. and AT&T Inc. are among 34 S&P 500 companies reporting earnings on Thursday. The S&P 500 rose less than 0.1% to 2,173.05 at 11:16am in New York, after closing on Wednesday at a record for the sixth time in eight days. New York: US stocks fluctuated as investors assessed the rally that pushed the S&P 500 Index to a fresh record, while a mixed slate of corporate earnings provided little early direction. Southwest Airlines Co. tumbled 8.7% after its earnings disappointed, weighing on shares of other carriers.


Source: Mint July 21, 2016 15:56 UTC



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