Wall Street Muted on Mixed Bank Earnings
Wall Street stocks finished flat as major banks reported mixed third-quarter earnings results. Investors awaited upcoming inflation reports and monitored chip sector weakness.
Xurve View
Insights:
Xurve View
United States stocks settled virtually flat on Tuesday evening as investors weighed mixed third-quarter earnings from major lenders ahead of a crucial inflation reading. The S&P 500 finished unchanged, while the Nasdaq slipped 0.2% on weakness in chipmakers. Analysts project year-on-year S&P 500 earnings growth of 30.6% for the July-September period, according to LSEG data.
