US open: Stocks roughly flat ahead of earnings deluge

(Sharecast News) - US stocks were mixed on Tuesday, with investors sitting on their hands after the Dow and S&P 500 set fresh record highs the previous session. They were also waiting on a slew of risk events that lay ahead, starting with another batch of key corporate updates scheduled for after the New York close.

"Monday's rally in US indices is taking a breather as investors fervently await earnings by Alphabet and Microsoft after hours on Tuesday, the Fed's interest rate decision and outlook on Wednesday and Apple, Amazon and Meta Platform earnings on Thursday as well as US Non-Farm Payrolls on Friday;" said Axel Rudolph, senior market analyst at IG.

"Oil and gold prices are little changed as well while the greenback is stuck in a tight sideways trading range."

As of 1715 GMT, the Dow Jones Industrials was edging up by 0.12% to 38,380.95, although the Nasdaq Composite had drifted lower by around half a percentage point to 15,544.44.

Microsoft would be first up and would have a lot to prove following a 65% surge in the stock over the past 12 months.

Alphabet shares were also trading at fresh record highs.

Also due out after markets close were earnings from Advanced Micro Devices, Starbucks, Electronic Arts and Juniper Networks.

UPS fell 8% after the delivery group missed fourth-quarter forecasts and underwhelmed with its guidance for 2024.

On the rise was General Motors with shares of the carmaker jumping 7% after delivering a profit of $2.1bn for the fourth quarter.

That was up from $2.0bn the year before, despite acknowledging that the pace of electric-vehicle growth has slowed.

Dow Jones - Risers

JP Morgan Chase & Co. (JPM) $175.52 1.61% Visa Inc. (V) $277.63 1.45% American Express Co. (AXP) $202.83 0.98% Goldman Sachs Group Inc. (GS) $383.92 0.88% Verizon Communications Inc. (VZ) $42.37 0.76% Travelers Company Inc. (TRV) $212.55 0.68% Home Depot Inc. (HD) $358.05 0.66% Procter & Gamble Co. (PG) $157.07 0.59% Caterpillar Inc. (CAT) $304.58 0.44% McDonald's Corp. (MCD) $293.00 0.24%

Dow Jones - Fallers

Boeing Co. (BA) $201.21 -1.94% Apple Inc. (AAPL) $188.86 -1.50% Intel Corp. (INTC) $43.36 -1.09% 3M Co. (MMM) $95.38 -1.04% Johnson & Johnson (JNJ) $158.74 -0.39% Cisco Systems Inc. (CSCO) $52.10 -0.37% Walt Disney Co. (DIS) $97.15 -0.35% Nike Inc. (NKE) $103.56 -0.31% Unitedhealth Group Inc. (UNH) $503.37 -0.23% Dow Chemical Co. (DOW) $53.96 -0.21%

S&P 500 - Risers

Helmerich & Payne Inc. (HP) $42.20 16.38% Msci Inc. (MSCI) $611.97 11.08% Corning Inc. (GLW) $33.31 6.95% Sysco Corp. (SYY) $79.00 5.10% Nucor Corp. (NUE) $185.16 4.82% Citigroup Inc. (C) $56.36 4.15% Marathon Petroleum Corporation (MPC) $166.45 3.94% Danaher Corp. (DHR) $242.23 3.55% Bank of America Corp. (BAC) $34.78 3.50% Under Armour Inc. Class A (UAA) $7.97 2.51%

S&P 500 - Fallers

Schlumberger Ltd. (SLB) $48.54 -8.76% United Parcel Service Inc. (UPS) $145.84 -7.71% Whirlpool Corp. (WHR) $110.31 -6.35% National Oilwell Varco Inc. (NOV) $19.85 -5.48% Nektar Therapeutics (NKTR) $0.53 -5.36% FMC Technologies Inc. (FTI) $19.53 -4.24% Smith A O Corp. (AOS) $78.53 -3.82% Halliburton Co. (HAL) $35.94 -3.35% Johnson Controls International plc (JCI) $54.91 -3.07% Kohls Corp. (KSS) $27.26 -2.87%

Nasdaq 100 - Risers

Vertex Pharmaceuticals Inc. (VRTX) $444.56 2.01% O'Reilly Automotive Inc. (ORLY) $1,045.55 1.51% Nvidia Corp. (NVDA) $633.26 1.38% Tesla Inc (TSLA) $193.26 1.22% Comcast Corp. (CMCSA) $46.64 1.15% Costco Wholesale Corp. (COST) $698.88 0.70% Verisk Analytics Inc. (VRSK) $246.10 0.63% Fastenal Co. (FAST) $69.02 0.61% PACCAR Inc. (PCAR) $102.00 0.60% Marriott International - Class A (MAR) $243.55 0.59%

Nasdaq 100 - Fallers

JD.com, Inc. (JD) $22.83 -2.69% Sirius XM Holdings Inc (SIRI) $5.14 -2.66% Texas Instruments Inc (TXN) $162.11 -2.37% American Airlines Group (AAL) $14.59 -2.34% Qurate Retail Inc. (QRTEA) $0.86 -2.28% Wynn Resorts Ltd. (WYNN) $95.15 -1.97% Micron Technology Inc. (MU) $87.35 -1.93% Trip.com Group Limited (TCOM) $36.38 -1.93% Biomarin Pharmaceutical Inc. (BMRN) $90.05 -1.88% Idexx Laboratories Inc. (IDXX) $522.98 -1.71%