S&P gains capped as investors await earnings season
NEW YORK - The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in check by falling industrials as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.
“We’ve been in an expansion for a long time, this is late-cycle mentality,” said Charlie Ripley, senior market strategist for Allianz Investment Management in Minneapolis. “Typically, we see equities perform well toward the end of the cycle.” Boeing Co was the heaviest drag on the blue-chip Dow, falling 4.4% after the company said it would cut production of its 737 MAX aircraft in response to a worldwide grounding of the jets after the fatal Ethiopian Airlines crash on March 10.
Of the 11 major sectors in the S&P 500, six closed in the black, led by energy which got a boost from rising crude prices.General Electric dropped 5.2% after JPMorgan downgraded the industrial conglomerate’s stock to “underweight” from “neutral.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Golden cross' adds shine to benchmark S&P 500A rally in the S&P 500 on Monday resulted in a technical benchmark, known as a g...
Read more »
S&P 500 rises, posts 5-day winning streak on trade deal hopesMarkets closed up on Wednesday, with the S&P 500 and the Nasdaq notching their 5th straight day of gains. The Nasdaq closed 0.6% higher and the materials, technology and consumer discretionary sectors performed best.
Read more »
Nipsey Hussle's Streams Surge 500% The Day Following His DeathFollowing his passing, fans have been streaming Nipsey Hussle's music to celebrate his life and his incredible talent.
Read more »
Dow ends lower, weighed by Boeing, as S&P 500 extends win streakStocks posted a mixed finish Monday, with the S&P 500 eking out a gain to extend its winning streak to eight sessions. The Dow Jones Industrial Average ,...
Read more »
S&P 500, Dow advance with trade talks in focusThe benchmark S&P 500 stock index edged higher, nearing a six-month high on Thur...
Read more »
Almost 500 people in southeastern US report meteorGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
Read more »
Beginning of the end: BAML sees S&P500 rally topping out in second quarterThe U.S. benchmark S&P 500 stock index will scale new peaks above 3,000 in the s...
Read more »
S&P 500 on track for longest win streak in 1½ years after upbeat jobs reportU.S. stocks gain Friday, with the S&P 500 on track to log its longest win streak since October 2017, as investors cheered a solid jobs report and upbeat...
Read more »
S&P 500 records seventh straight gain, longest winning streak in 18 monthsU.S. stocks ended higher on Friday, extending their weekly gains, amid a combination of trade hopes and a bounceback in March's payrolls numbers. The S&P...
Read more »