US open: Stocks mixed as Q4 earnings remain in focus
Wall Street trading got off to a mixed start on Tuesday as market participants digested more corporate earnings.
As of 1525 GMT, the Dow Jones Industrial Average was down 0.42% at 34,157.54, while the S&P 500 advanced 0.34% to 4,012.85 and the Nasdaq Composite came out the gate 0.50% firmer at 11,134.89.
The Dow opened 145.07 points lower on Tuesday, erasing gains recorded in the previous session.
Corporate earnings will be in focus on Tuesday, with financial services company Morgan Stanley posting fourth-quarter earnings that beat expectations, driven by record revenues in its wealth management unit.
Elsewhere, Goldman Sachs reported a marked decline in fourth-quarter earnings, principally due to a massive increase in credit provisions in the period.
United Airlines will report earnings after the close.
On the macro front, factory sector activity in the New York area fell sharply at the start of 2023, with the Federal Reserve Bank of New York's factory sector index plummeting from a reading of -11.2 in December to -32.9 for January. Economists had pencilled-in a reading of -8.7.
Still to come, Federal Reserve Bank of New York president John Williams will deliver a speech at 2000 GMT.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Chevron Corp. (CVX) $179.91 1.32%
Walt Disney Co. (DIS) $100.66 1.27%
McDonald's Corp. (MCD) $272.09 1.19%
Coca-Cola Co. (KO) $62.16 1.19%
Apple Inc. (AAPL) $136.18 1.05%
International Business Machines Corporation (CDI) (IBM) $146.91 0.70%
Procter & Gamble Co. (PG) $151.81 0.62%
Home Depot Inc. (HD) $333.24 0.61%
Amgen Inc. (AMGN) $273.06 0.49%
Caterpillar Inc. (CAT) $259.42 0.37%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $184.10 -5.06%
Goldman Sachs Group Inc. (GS) $358.69 -4.09%
JP Morgan Chase & Co. (JPM) $140.34 -1.87%
Dow Chemical Co. (DOW) $57.86 -1.40%
3M Co. (MMM) $127.97 -1.19%
Verizon Communications Inc. (VZ) $41.38 -1.15%
Boeing Co. (BA) $211.81 -1.08%
Salesforce.Com Inc. (CRM) $148.41 -0.74%
Walgreens Boots Alliance, Inc. (WBA) $36.54 -0.64%
Merck & Co. Inc. (MRK) $111.62 -0.56%
S&P 500 - Risers
Carmax Inc. (KMX) $69.14 6.36%
Morgan Stanley (MS) $97.05 5.88%
Mosaic Company (MOS) $48.31 4.30%
Church Dwight Co Inc. (CHD) $85.26 4.09%
Nvidia Corp. (NVDA) $175.05 3.59%
Resmed Inc. (RMD) $225.04 3.18%
Vertex Pharmaceuticals Inc. (VRTX) $309.25 2.76%
Under Armour, Inc. (UA) $10.42 2.56%
Fortinet Inc. (FTNT) $50.11 2.54%
Cadence Design Systems Inc. (CDNS) $173.42 2.46%
S&P 500 - Fallers
Travelers Company Inc. (TRV) $184.10 -5.06%
Emerson Electric Co. (EMR) $92.97 -5.06%
Jefferies Financial Group Inc. (JEF) $38.56 -4.72%
Goldman Sachs Group Inc. (GS) $358.69 -4.09%
Mohawk Inds Inc. (MHK) $114.24 -3.71%
Pfizer Inc. (PFE) $46.49 -2.85%
Citizens Financial Group, Inc. (CFG) $40.66 -2.54%
Allstate Corp (The) (ALL) $135.73 -2.33%
Assurant Inc. (AIZ) $125.93 -2.19%
Smith A O Corp. (AOS) $60.79 -2.16%
Nasdaq 100 - Risers
Tesla Inc (TSLA) $129.48 5.78%
Nvidia Corp. (NVDA) $175.05 3.59%
Vertex Pharmaceuticals Inc. (VRTX) $309.25 2.76%
Cadence Design Systems Inc. (CDNS) $173.42 2.46%
Micron Technology Inc. (MU) $58.19 2.21%
Skyworks Solutions Inc. (SWKS) $103.53 1.88%
Vodafone Group Plc ADS (VOD) $11.42 1.71%
Synopsys Inc. (SNPS) $337.76 1.44%
Adobe Systems Inc. (ADBE) $349.07 1.36%
Booking Holdings Inc. (BKNG) $2,331.99 1.33%
Nasdaq 100 - Fallers
Baidu Inc. (BIDU) $130.97 -5.76%
JD.com, Inc. (JD) $60.79 -4.41%
Trip.com Group Limited (TCOM) $36.07 -3.89%
Automatic Data Processing Inc. (ADP) $241.44 -1.60%
Wynn Resorts Ltd. (WYNN) $98.81 -1.43%
Activision Blizzard Inc. (ATVI) $75.64 -1.33%
Netflix Inc. (NFLX) $328.49 -1.30%
NetEase Inc. Ads (NTES) $87.31 -1.19%
Seagate Technology Plc (STX) $56.64 -1.08%
Hasbro Inc (HAS) $65.34 -1.03%