An APNews article
The first big batch of summertime profit reports from U.S. companies made waves on Wall Street after topping analysts’ expectations, but many canceled each other out. That left U.S. stock indexes little changed near their records on Tuesday.
The S&P 500 edged down by less than 0.1% and pulled a bit further from its all-time high set last week. The Dow Jones Industrial Average fell 180 points, or 0.3%, while the Nasdaq composite dipped 0.2%.
Those modest moves masked some big swings happening underneath the market’s surface.
Goldman Sachs, for example, jumped more than 4% at the start of trading after the bank delivered a profit for July through September that blew past analysts’ expectations. But its stock quickly erased all of it and then flipped between gains and losses before finishing with a dip of 0.2%.
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