LIVE MARKETS — Mixed response to early US earnings reports
Main US indexes modestly red Healthcare is the weakest S&P 500 sector; energy leads gainers Euro STOXX 600 index off ~0.1% Dollar falls; gold dips; US crude, bitcoin rise modestly US 10-year Treasury yield edges down to ~5.22% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Mixed Response To Early Us Earnings Reports The third-quarter US earnings season is under way now with the release this morning of results from some key banks including JPMorgan and Goldman Sachs. Shares of the banks that had reported are mixed, with Citigroup down nearly 4% even as the bank beat Wall Street estimates for third-quarter profit. All three of the major US indexes are down modestly in afternoon trading. Analysts were expecting S&P 500 companies as of Friday to increase earnings in the third quarter by 30.6% from a year ago, with year-over-year financials earnings seen up 4.9%, S&P 500 revenue for the quarter was seen up 11.8% from a year ago. "Following big positive surprises in the last two quarters, healthy beats are the status quo and may not be enough to drive stocks higher," BofA Securities stra
22% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Mixed Response To Early Us Earnings Reports The third-quarter US earnings season is under way now with the release this morning of results from some key banks including JPMorgan and Goldman Sachs. Shares of the banks that had reported are mixed, with Citigroup down nearly 4% even as the bank beat Wall Street estimates for third-quarter profit. All three of the major US indexes are down modestly in afternoon trading.
8% from a year ago. "Following big positive surprises in the last two quarters, healthy beats are the status quo and may not be enough to drive stocks higher," BofA Securities strategists wrote in a note this week. 8% year-over-year. Energy earnings, meanwhile, are seen up 123% year-over-year, based on LSEG data.
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