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Earnings Drive Indices to Fresh Highs

EQUITIES
  • Wall Street indices were driven to fresh highs Tuesday, with a series of expectations-beating earnings releases helping drive headlines higher. The e-mini S&P touched 4590 at the high, before prices faded somewhat following the opening bell.
  • Utilities and healthcare names drove markets from the off, with just communication services and consumer discretionary sectors adding a headwind. A gap higher for Facebook shares at the open faded sharply ahead of the close, with the stock dropping as much as 5% and prompting tech names to underperform.
  • European markets traded similarly positively, with the Stoxx600 narrowing in on - but not quite breaking - the earlier 2021 highs of 476.162.
  • Focus remains on earnings, with Coca-Cola, McDonald's, Boeing, Bristol Myers-Squibb, General Motors and Ford on the docket. Full schedule including timings and estimates found here: https://marketnews.com/mni-us-earnings-schedule-bu...

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market News

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