Nasdaq up ~0.4%, S&P 500 edges red, Dow dips
Healthcare weakest S&P 500 sector; Comm Svcs leads gainers
Dollar ~flat; crude dips; bitcoin off ~1.5%; gold down ~2%
US 10-Year Treasury yield rises to ~4.53%
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RETAILERS, NVIDIA STILL DUE TO REPORT THIS EARNINGS SEASON
As the stock market bounces back from its recent sharp losses, investors may look at results from some of the big retail names to see if that may help to extend the recovery.
Quarterly results from Walmart WMT.N are due Thursday before the bell, while Target TGT.N is due May 21 and Home Depot HD.N is due May 20. Results from megacap AI chipmaker Nvidia NVDA.O are expected on May 28.
These reports will round out the earnings period for the first quarter of 2025, which has been marked by worries from companies about U.S. President Donald Trump's tariffs and the resulting global trade tensions.
However, a recent U.S.-China agreement to temporarily slash tariffs has brought some hopes for the easing of the trade war tensions and relief to investors, with the S&P 500 .SPX closing on Tuesday in positive territory for 2025 for the first time since February 28.
The U.S. and China announced on Monday they would slash steep tariffs on each other for 90 days.
Investors have worried about higher prices for consumers as a result of the trade war.
Walmart on April 9 maintained its full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to the potential tariffs.
Guidance coming out the reporting period has not been as bad as feared, said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.
"At least for now I think everybody - investors, CEOs and companies - are all in wait-and-see mode," he said.
(Caroline Valetkevitch)
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WEDNESDAY'S EARLIER LIVE MARKETS POSTS:
HARD DATA RESILIENCE POINTS TO STRONG STOCK RETURNS - CLICK HERE
STRUGGLING TO FIND A REASON FOR RATE CUTS CLICK HERE
DOLLAR HELD BACK ON SUSPICIONS TRUMP WANTS WEAK U.S. CURRENCY CLICK HERE
BOFA CLIENTS CONTINUE TO SNAP UP STOCKS CLICK HERE
WOULD-BE HOMEBUYERS WHISTLE PAST MORTGAGE RATE UPTICK CLICK HERE
MAIN US INDEXES EDGE UP; INDUSTRIALS, FINANCIALS NOT FAR FROM FRESH RECORDS CLICK HERE
S&P 500 INDEX: HAVE WE SEEN LIFTOFF? CLICK HERE
RETAIL INVESTORS GOT IT RIGHT, WHEN WILL INSTITUTIONS COME BACK? CLICK HERE
LAGGING ETHER SOARS AHEAD OF BITCOIN IN MAY CLICK HERE
IS THE BOE BACK IN THE MONEY? CLICK HERE
TIME TO STEP BACK INTO LUXURY? CLICK HERE
EARNINGS DRIVE BIG MOVES CLICK HERE
BEFORE THE BELL: EUROPE STEADY, CHINA TECH EYED CLICK HERE
MARKETS NEAR EVEN KEEL AMID TRADE DEAL HOPE CLICK HERE
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