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Equities Mixed as Investors Await This Week's Corporate Earnings
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Equities Mixed as Investors Await This Week's Corporate Earnings
Nov 19, 2024 9:18 PM

03:48 PM EST, 11/18/2024 (MT Newswires) -- US benchmark equity indexes were mixed ahead of Monday's close as markets awaited major corporate earnings due later in the week.

The Nasdaq Composite was up 0.6% at 18,796.5, while the S&P 500 rose 0.4% to 5,893.3. The Dow Jones Industrial Average fell 0.2% to 43,380.3. Barring industrials, all sectors were gaining, led by energy.

Chip-making giant Nvidia ( NVDA ) is scheduled to report latest quarterly financial results later this week, along with other major names such as Walmart ( WMT ) , Lowe's (LOW), Intuit (INTU), TJX (TJX), Medtronic ( MDT ) , Palo Alto Networks ( PANW ) , Target ( TGT ) and Snowflake (SNOW).

Some 92% of S&P 500 companies have reported results so far in the latest earnings cycle, with profits up 6.8% year over year on 5% revenue growth, Oppenheimer Asset Management said in a note to clients.

The US 10- and two-year yields fell one basis point each to 4.42% and 4.29%, respectively.

West Texas Intermediate crude oil rose 3.2% to $69.13 a barrel.

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