Wall Street mixed in early trade despite upbeat earnings figures
Following a positive start to the day on Wednesday, major equity indexes in the U.S. are painting a mixed picture in the early trade. As of writing, the Dow Jones Industrial Average and the S&P 500 indexes are both down 0.15% on a daily basis while the Nasdaq Composite is virtually unchanged.
Earlier today, Morgan Stanley reported first-quarter revenue of $10.3 billion to beat the analysts' estimate of $9.91 billion. Additionally, PepsiCo's Q1 revenue at $12.88 billion came in better than the market expectation as well.
Among the major S&P 500 sectors, healthcare drops 1.6% following yesterday's upsurge and real estate loses nearly 1% on the day. On the other hand, technology and consumer staples both add around 0.4% to lead the winners.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
