Last updated: April 22, 2023, 3:12 AM IST
The broad S&P 500 also rose 0.1 percent to 4,133.52, as did the tech-rich Nasdaq Composite Index, which came in at 12,072.46. (Representative Image)
Stocks traded within a narrow margin for most of the day, extending a choppy period into a week with few major economic releases
Wall Street stocks closed slightly higher on Friday, ending a mediocre week on a positive note ahead of next week’s deluge of major earnings reports.
Stocks traded within a narrow margin for most of the day, extending a choppy period into a week with few major economic releases.
The Dow Jones Industrial Average ended 0.1 percent higher at 33,808.96.
The broad-based S&P 500 also rose 0.1 percent to 4,133.52, as did the tech-rich Nasdaq Composite Index, which was at 12,072.46.
Investors focused primarily on corporate earnings, which were mixed.
But analysts said this week’s results were a warm-up for next week’s heavy schedule, which involves tech giants like Apple and Microsoft, along with blue-chip companies like Boeing and McDonald’s.
“The markets are awaiting next week’s tech earnings,” said Angelo Kourkafas of the financial services firm Edward Jones. He also pointed to an upcoming policy decision from the Federal Reserve.
“These are going to be the next two catalysts,” he said.
Procter & Gamble rose 3.5 percent after reporting better-than-expected results as price increases boosted sales.
Among other companies reporting results, shares of CSX rose 3.3 percent, while Schlumberger’s fell 4.2 percent.
Ride-hailing company Lyft rose 6.1 percent after a Wall Street Journal report said more than 1,200 jobs could be cut, but the company declined to comment on a specific figure.
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(This story has not been edited by News18 staff and was published from a syndicated news agency feed)
