Stocks are Little Changed as S&P 500 Attempts 4-Day Winning Streak
Stocks were little changed Thursday as traders assessed the latest batch of earnings reports, with the S&P 500 looking to record its longest winning streak since December.
The Dow Jones Industrial Average inched down 48 points, or 0.1%. The S&P 500 added less than 0.1%, while the tech-heavy Nasdaq Composite slipped 0.2%.
Morgan Stanley climbed 3% after posting a top- and bottom-line beat in the fourth quarter on strong investment banking activity and fixed income trading revenue. Bank of America inched down 1% despite having reported an earnings and revenue beat in the prior quarter. The results come a day after other financial peers such as JPMorgan Chase and Goldman Sachs also beat fourth-quarter estimates.
The earnings season is off to a strong start overall, with 77% of the companies that have reported thus far beating expectations, per FactSet.
Source : CNBC