(Sharecast News) - Major indices headed south on Tuesday as traders digested a fresh batch of Q1 earnings from more of the nation's biggest names in banking.
At the close, the Dow Jones Industrial Average was down 0.38% at 40,368.96, while the S&P 500 lost 0.17% to 5,396.63 and the Nasdaq Composite saw out the session 0.05% softer at 16,823.17.
The Dow closed 155.83 points lower on Tuesday, taking a modest bite out of gains recorded in the previous session as surprise tariff exemptions gave sentiment a leg-up.
Tuesday's primary focus was earnings from banking giants Bank of America and Citigroup, with the former topping analysts' estimates on the back of better-than-expected interest income and trading, while the latter's results also beat analysts' estimates thanks to gains in fixed income and equities trading.
Elsewhere, pharmaceutical giant Johnson & Johnson hiked its quarterly dividend payout by 4.8% on Tuesday as it delivered Q1 revenue and EPS that came in above estimates on the Street at $21.89bn and $2.77 per share, respectively.
In terms of data, US import prices decreased to 141.80 in March, according to the Bureau of Labor Statistics, down from 142 in February, while export prices were unchanged month-on-month at 152.40.
On another note, the Federal Reserve's New York Empire State manufacturing index rose to -8.1 in April, up from -20 in March, which was the lowest reading since May 2023, beating expectations for a more modest increase to -14.5.
Reporting by Iain Gilbert at Sharescast.com
Dow Jones - Risers
American Express Co. (AXP) $257.87 0.97%
Goldman Sachs Group Inc. (GS) $508.15 0.78%
International Business Machines Corporation (CDI) (IBM) $240.70 0.69%
Amgen Inc. (AMGN) $295.30 0.47%
Walt Disney Co. (DIS) $85.01 0.41%
Verizon Communications Inc. (VZ) $44.46 0.41%
Visa Inc. (V) $335.81 0.19%
Salesforce.Com Inc. (CRM) $254.74 0.15%
Dowdupont Inc. (DWDP) $0.00 0.00%
Apple Inc. (AAPL) $202.14 -0.19%
Dow Jones - Fallers
Dow Chemical Co. (DOW) $27.70 -4.09%
Boeing Co. (BA) $155.52 -2.36%
Intel Corp. (INTC) $19.85 -2.26%
Caterpillar Inc. (CAT) $293.34 -1.57%
McDonald's Corp. (MCD) $312.36 -1.14%
Nike Inc. (NKE) $54.83 -1.05%
Merck & Co. Inc. (MRK) $78.39 -0.99%
Home Depot Inc. (HD) $353.76 -0.87%
Coca-Cola Co. (KO) $71.87 -0.81%
Walmart Inc. (WMT) $93.98 -0.80%
S&P 500 - Risers
Nektar Therapeutics (NKTR) $0.64 5.60%
Under Armour Inc. Class A (UAA) $5.74 5.51%
Hewlett Packard Enterprise (HPE) $15.01 5.11%
Netflix Inc. (NFLX) $976.28 4.83%
Bank of America Corp. (BAC) $37.99 3.60%
Under Armour, Inc. (UA) $5.34 3.48%
American Airlines Group (AAL) $9.85 2.82%
Helmerich & Payne Inc. (HP) $19.72 2.44%
Fortinet Inc. (FTNT) $99.20 2.43%
Wells Fargo & Co. (WFC) $64.56 2.28%
S&P 500 - Fallers
Coty Inc. Class A (COTY) $4.76 -8.48%
Albemarle Corp. (ALB) $54.01 -5.89%
Zimmer Biomet Holdings Inc (ZBH) $97.29 -4.61%
Harley-Davidson Inc. (HOG) $21.59 -4.30%
DENTSPLY Sirona Inc. (XRAY) $12.55 -4.05%
Kohls Corp. (KSS) $6.26 -3.84%
VF Corp. (VFC) $10.84 -3.82%
Bath & Body Works, Inc. (BBWI) $27.67 -3.56%
Mettler Toledo International (MTD) $1,046.16 -3.35%
Celanese Corp. (CE) $37.93 -3.22%
Nasdaq 100 - Risers
Netflix Inc. (NFLX) $976.28 4.83%
Mercadolibre Inc. (MELI) $2,118.32 3.99%
American Airlines Group (AAL) $9.85 2.82%
Check Point Software Technologies Ltd. (CHKP) $224.47 1.99%
Wynn Resorts Ltd. (WYNN) $74.90 1.85%
Autodesk Inc. (ADSK) $265.34 1.78%
Vodafone Group Plc ADS (VOD) $9.11 1.67%
Expedia Group Inc. (EXPE) $151.58 1.57%
T-Mobile Us, Inc. (TMUS) $266.71 1.55%
Asml Holdings N.V. (ASML) $683.16 1.53%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.16 -4.43%
DENTSPLY Sirona Inc. (XRAY) $12.55 -4.05%
Dollar Tree Inc (DLTR) $71.80 -2.59%
Intel Corp. (INTC) $19.85 -2.26%
Regeneron Pharmaceuticals Inc. (REGN) $558.16 -2.26%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $358.09 -2.23%
Starbucks Corp. (SBUX) $83.71 -2.08%
Henry Schein Inc. (HSIC) $64.28 -2.03%
J.B. Hunt Transport Services Inc. (JBHT) $135.11 -1.97%
Biogen Inc (BIIB) $116.93 -1.95%
16.71 (0.20%)
0.00