Newscasts - S&P 500 ends near flat as investors eye earnings
28/04/2025 23:57
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_azs02tm5&referenceId=tag:reuters.com,2025:newsml_RW000528042025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: The S&P 500 closed a choppy session nearly unchanged on Monday, weighed down by megacaps as investors awaited several catalysts including key economic data and earnings from some of the largest U.S. companies. Lisa Bernhard has more. Short Link: https://refini.tv/4jsskrh Video Transcript: Wall Street ended a choppy session barely changed on Monday, with the Dow adding about 0.3%, the S&P 500 finishing essentially flat, and the NASDAQ posting a fractional loss. Investors were awaiting key economic data and earnings from some of the largest US companies. Four of the so-called "Magnificent Seven" companies report results this week, including Apple, Amazon, Meta Platforms, and Microsoft. But Melissa Brown, Managing Director of Investment Decision Research at SimCorp, said it wasn't just earnings from those mega-cap tech giants that investors should be paying close attention to. So, we have seen people going out and buying cars. They probably have been going out and buying iPhones as well. But I think actually we're going to have to place a little bit more importance on the earnings of some non-Magnificent Seven companies, like the auto companies, because that's really, I think, going to tell us where the economy is likely to be headed. Apple will probably have decent earnings no matter what. Stocks on the move Monday included NVIDIA, which ended 2% lower, after The Wall Street Journal reported that China's Huawei Technologies was preparing to test its artificial-intelligence processor, which it hopes can replace some of NVIDIA's higher-end products. Shares of Boeing added almost 2.5%, helping to keep the Dow in positive territory, after Bernstein raised the aircraft maker's stock rating and price target. And shares of Spirit AeroSystems advanced more than 2.5% after Airbus reached a deal to take over some of the company's plants.