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The S&P 500 ticked lower on Tuesday, as the market weighed the latest batch of corporate earnings against concerns tied to yields and the geopolitical climate.
The Dow Jones Industrials recovered 81.83 points to 37,816.94, helped by UnitedHealth shares.
The S&P 500 index fell back 8.55 points to 5,053.27.
The NASDAQ sank 11.05 points to 15,873.97.
UnitedHealth rallied more than 5% on the back of better-than-expected revenue for the first quarter. That outweighed fellow Dow member Johnson & Johnson, which fell nearly 2% on the heels of mixed quarterly results.
Morgan Stanley advanced more than 3% after beating analyst consensus forecasts on both lines. Bank of America tumbled more than 4% after announcing profit and revenue fell.
America’s largest companies have given Wall Street reason for optimism in the early innings of the new corporate earnings season. Of the less than 10% of S&P 500-listed firms that have reported financials, nearly four of every five have exceeded Wall Street consensus estimates
Prices for the 10-year Treasury fell, raising yields to 4.65% from Monday’s 4.62%. Treasury prices and yields move in opposite directions.
Oil prices gained 17 cents to $85.65 U.S. a barrel.
Gold prices gained $13.40, to $2,396.40 U.S. an ounce.
