Stocks – Wall Street Mixed After Varied Earnings Reports   

This post was originally published on this site
© Reuters. © Reuters. – Wall Street opened mixed on Tuesday, with the Nasdaq leading gains after a batch of mixed earnings helped to slightly ease concerns about the impact of U.S.-China trade disputes.

The was down 11 points or 0.1% by 9:49 AM ET (13:49 GMT), while the S&P 500 gained 3 points or 0.1% and the Nasdaq composited inched up 12 points or 0.2%.

Of the 75 S&P 500 companies that have reported results by Monday, over 80% had topped estimates, but threats over tariffs and slowing domestic growth remain.

Procter & Gamble gained 3.8% after its earnings beat estimates, thanks to demand for its premium beauty brands, while Biogen (NASDAQ:) surged 36.7% after it said it plans to seek Food and Drug Administration approval after positive phase 3 studies for its aducanumab drug for treating the early stages of Alzheimer’s.

Harley Davidson jumped 7% after its earnings came in better than expected despite a hit to its bottom line due to slower U.S. sales and higher costs associated with European tariffs.

Elsewhere, McDonald’s slipped 3.2% after missing estimates for quarterly sales at its U.S. restaurants, while Hasbro (NASDAQ:) tumbled 14.6% after its earnings were hit by increased costs from tariffs on toys imported from China.

In commodities, the , which measures the greenback against a basket of six major currencies, was up 0.1% to 97.178 and gained 0.2% to $1,490.85 a troy ounce. jumped 1.1% to $54.09 a barrel.

-Reuters contributed to this report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.