Bulletin
Investor Alert

New York Markets Open in:

×

Market Pulse Archives

Jan. 23, 2019, 4:01 p.m. EST

U.S. stocks shrug off midday selloff to finish mostly higher on Wednesday

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    International Business Machines Corp. (IBM)
  • X
    Procter & Gamble Co. (PG)

or Cancel Already have a watchlist? Log In

By Aaron Hankin

U.S. stocks shrugged off a midday selloff to finish mostly higher on Wednesday, as investors weighed a round of solid corporate earnings with ongoing uncertainty surrounding the U.S.-China trade talks. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.37% was the best-performing major index, closing up around 170 points, or 0.7%, aided by solid earnings from IBM Corp. /zigman2/quotes/203856914/composite IBM -3.54% and Procter & Gamble Co. /zigman2/quotes/202894679/composite PG -1.76% . The S&P 500 /zigman2/quotes/210599714/realtime SPX -2.59% finished up 0.2% and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -3.00% was up less than 0.1%. In other company news, shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA -4.84% fell more than 4% after RBC downgraded the stock to underperform and cut its price target to $245 from $290. Elsewhere, citing the government shutdown, House Speaker Nancy Pelosi said she would not authorize President Donald Trump to give his State of the Union speech in the chamber.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,628.90
-623.34 -2.37%
Volume: 364.26M
Aug. 23, 2019 5:10p
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 129.57
-4.75 -3.54%
Volume: 4.82M
Aug. 23, 2019 6:30p
P/E Ratio
13.40
Dividend Yield
5.00%
Market Cap
$114.78 billion
Rev. per Employee
$208,845
loading...
/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 117.32
-2.10 -1.76%
Volume: 7.34M
Aug. 23, 2019 6:30p
P/E Ratio
86.26
Dividend Yield
2.54%
Market Cap
$293.57 billion
Rev. per Employee
$727,304
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,847.11
-75.84 -2.59%
Volume: 2.35B
Aug. 23, 2019 5:10p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
7,751.77
-239.62 -3.00%
Volume: 1.85M
Aug. 23, 2019 5:16p
loading...
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 211.40
-10.75 -4.84%
Volume: 8.56M
Aug. 23, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$37.87 billion
Rev. per Employee
$439,627
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.