"Earnings Reports Impact Stock Market, Dow Jones Falls"

1 min read
Source: Yahoo Finance
"Earnings Reports Impact Stock Market, Dow Jones Falls"
Photo: Yahoo Finance
TL;DR Summary

US stocks paused their record-setting rally as investors focused on earnings reports, with the Dow Jones Industrial Average down 0.1% and the S&P 500 holding near a record close. United Airlines' upbeat 2024 profit forecast lifted its shares by 7%, while 3M, General Electric, and Johnson & Johnson saw their stocks fall after disappointing earnings reports. Verizon's strong earnings led to a nearly 5% rise in its shares, as investors continue to monitor corporate America's performance amid expectations of a "soft landing" for the US economy by the Federal Reserve.

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