Home » Markets » US stocks trending downward to start the week as earnings season slows
US stocks trending downward to start the week as earnings season slows
Fox Business Flash top headlines for February 4
Check out what’s clicking on FoxBusiness.com.
U.S. stocks fell sharply overnight as the pace of fourth-quarter earnings season slows a bit this week, with three Dow members – Amgen on Monday, Disney on Wednesday and Coca-Cola on Thursday – and 80 companies in the S&P 500 scheduled to report.
DOW JONES AVERAGES
NASDAQ COMPOSITE INDEX
Three weeks into earnings season and more than half the companies in the S&P 500 have reported.
Wall Street closed out a mostly upbeat week with a mixed finish. Treasury yields surged after the blowout U.S. jobs report raised investors' expectations that the Federal Reserve may soon start raising interest rates sharply.
INFLATION DATA, PELOTON TAKEOVER? AND DISNEY EARNINGS TOP WEEK AHEAD
The S&P 500 gained 0.5% to 4,500.53. The Dow Jones Industrial Average slipped 0.1%, to 35,089.74 after a last-minute burst of selling. The Nasdaq composite rose 1.6% to 14,098.01. The three indexes posted a weekly gain for the second week in a row.
Smaller stocks in the Russell 2000 rose 0.6% to 2,002.36.