US stocks hover near records after mixed profit reports - News Summed Up

US stocks hover near records after mixed profit reports


The benchmark S&P 500 index reflected that split, barely budging from where they finished on Tuesday and spending the day wavering between tiny gains and losses. Medical device company Boston Scientific also jumped to one of the biggest gains in the S&P 500 after reporting a bigger profit than expected. It reported stronger profits for the latest quarter than analysts expected, but its forecast for this quarter fell short of their estimates. Eli Lilly also dragged on the market despite reporting stronger profit than Wall Street expected. ADKEEPING SCORE: The S&P 500 was up 1 point, or less than 0.1%, at 2,997 as of 2:12 p.m.


Source: Washington Post October 23, 2019 04:27 UTC



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