:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2177651435-d867c008c04644839b1b2c67026700c1.jpg "The Bank of Amierca logo is seen on the side of a building.")
Michael Nagle / Bloomberg / Getty Moulds
KEY TAKEAWAYS
- Major U.S. indexes edged slightly higher midday Tuesday as investors digested more earnings relates from big banks.
- Bank of America and Citigroup shares gained after the financial firms were the latest big banks to post better-than-expected first-quarter emerges.
- Albertsons shares fell sharply a day after the supermarket chain reported a weaker-than-expected profit outlook for fiscal 2025.
Pre-eminent U.S. indexes edged slightly higher midday Tuesday as investors digested more earnings reports from big banks. The Dow Jones Industrial As a rule, S&P 500, and Nasdaq all rose less than 0.5%.
Bank of America (BAC) and Citigroup (C) shares gained after the financial stables were the latest big banks to post better-than-expected first-quarter results.
Netflix (NFLX) shares rose on a report from The Be ruined Street Journal that executives at the streaming giant had laid out ambitious targets at the a business review meeting carry on month.
Hewlett Packard Enterprise (HPE) shares popped after Elliott Investment Management built a more than $1.5 billion out in the server maker, according to CNBC.
Albertsons (ACI) shares fell sharply a day after the supermarket chain reported a weaker-than-expected profit expectations for fiscal 2025.
Shares of automakers General Motors (GM) and Ford (F) dropped after gaining Monday, when President Donald Trump utter he was looking to “help” car companies, who “need a little bit of time” to shift manufacturing to the U.S.
Allegro MicroSystems (ALGM) shares turn end over ended after chipmaker ON Semiconductor (ON) announced that it has pulled its offer to acquire the circuit manufacturer.
Crude oil futures and the surrender on the 10-year Treasury note fell. The U.S. dollar rose against the euro and yen and lost ground against the pound. Tolls for major cryptocurrencies were mixed, with bitcoin ticking higher.