The Dow Jones Industrial average fell slightly to start a big week of earnings for the market, while traders kept an eye on surging rates and commodities.
The blue-chip index came closer to the breakeven point by session’s end, but still lost 39.54 points to 34,411.69.
The S&P 500 slipped 0.9 points to 4,391.89
The NASDAQ Composite dropped 18.72 points to 13,288.36.
Mega cap tech including Meta Platforms, Amazon, Microsoft and Alphabet finished the day higher after wavering back and forth over the flat line throughout the trading session.
Charles Schwab was the top decliner in the S&P, posting a 9.4% loss after the discount broker reported weaker-than-expected earnings and revenue for the first quarter. Bank of New York Mellon shares fell 2.2% after the company reported lower profits for the first quarter.
Bank of America’s quarterly results, reported Monday, showed a 13% year-over-year drop in earnings per share, though … Read more