All three major indices are headed for weekly gains as investors evaluate the latest corporate results for the fourth quarter of 2024.
The US GDP grew 3.3% y/y in the last quarter of 2023, exceeding estimates of 2%, according to recent government data. Five major companies listed at the S&P 500 released their results today, with 74% of them so far reporting results that exceeded expectations.
As for trading, the Dow Jones increased 0.3% as of 16:12 GMT to 38,149, the S&P 500 increased 0.1%, or 6 points, to 4,900, and the NASDAQ stabilised at 15,509.
Tuesday's uneven performance of US stock indices came as investors examined recent company earnings reports.
Amidst widespread anticipation that the US economy will experience a gentle landing prior to US interest rate reductions, investors are concentrating on quarterly earnings and inflation-related data.
The probability of a Fed interest rate announcement at the March meeting has decreased from 81% to 46%.
As of 17:20 GMT, the Dow Jones had dropped 162 points, or 0.4%, to 37,843, while the S&P 500 had stabilized at 4849 and the NASDAQ had settled at 15,357.
