Wall St. dithers as markets digest mixed earnings results

Economies.com
2016-07-22 15:01PM UTC

U.S. stock indices dithered on Friday ahead of the weekend as investors assess the mixed earnings results for American companies, which forced stocks to steady after a string of record highs. 

 

Wall Street's current wavering reflects similar dithering in commodity prices and currencies, as investors flip-flop from optimistic to pessimistic forecasts. 

 

On the other hand, the dollar returned higher against a basket of major rivals today, forcing shares of American exporters downwards, while higher oil prices buoyed energy shares. 

 

The dollar index, gauging the U.S. currency's performance against a basket of six major rivals, last traded at 97.10, compared to thee opening of 96.83, with an intraday high at 97.16, and a one-week trough at 96.81, as investors take refuge in U.S. treasury bonds, while the dollar draws support from recent upbeat data. 

 

Standard and Poor's 500 inched down 0.03%, or 0.58 points to 2,164.59, while Dow Jones Industrial Average edged up 0.04%, or 6.50 points to 18,510.73. 

 

Tech-heavy NASDAQ gained 0.11%, or 5.54 points to hover around 5,079.45. 

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