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Stocks advance, US 10-year yield slips as earnings roll in

19 April 2023 09:09 (UTC +04:00)

A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace of U.S. earnings season picked up, while Treasury yields dipped after three straight sessions of gains, APA-Economics reports citing Reuetrs.

On Wall Street, the S&P 500 closed roughly unchanged. A 1.70% drop in Goldman Sachs (GS.N) after its quarterly results, as well as a 2.81% decline in Johnson & Johnson (JNJ.N) weighed on the Dow Jones Industrial Average to leave it almost unchanged, offsetting gains in Home Depot (HD.N) and Boeing (BA.N).

The Dow Jones Industrial Average (.DJI) fell 10.55 points, or 0.03%, to 33,976.63 the S&P 500 (.SPX) gained 3.55 points, or 0.09%, to 4,154.87 and the Nasdaq Composite (.IXIC) dropped 4.31 points, or 0.04%, to 12,153.41.

European shares closed higher, in part due to solid economic data from China, led by gains in travel and leisure stocks, and the STOXX 600 closed at its highest level since Feb. 11, 2022.

The pan-European STOXX 600 index (.STOXX) rose 0.38% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.24%. MSCI's index had earlier reached its highest level since Feb. 3 at 658.29.