Earnings drive gains for U.S. stocks in early trading

US stocks retreat from records ahead of packed week for corporate earnings

USA stocks inched higher on Wednesday as indexes gave up early gains after the latest round of better-than-expected earnings outweighed concerns about higher interest rates and declines in healthcare stocks.

What are the main benchmarks doing?

The Dow Jones Industrial Average .DJI rose 37.32 points, or 0.14 percent, to 26,186.71, the S&P 500 .SPX lost 1.83 points, or 0.06 percent, to 2,821.98 and the Nasdaq Composite .IXIC dropped 25.62 points, or 0.35 percent, to 7,385.86.

The Dow is down 467.32 points, or 1.8 percent.

Despite this week's slide, the Dow is still up more than 5% in January. Visit MarketWatch.com for more information on this news.

Losses in health care stocks were offset by gains in technology companies and other sectors.

Up until Tuesday, the S&P 500 had enjoyed a record-long streak without consecutive drops of 0.5%, according to Bespoke Investment Group. That would be its best month since March 2016.

Equal pay: Accountancy firm finds no gender bias with salaries at BBC
On air, there will be substantial pay cuts for some men, and pay rises for some men and women. BBC Women has submitted written evidence on 14 such cases to lawmakers.

United Kingdom to be denied European Union decision-making role during Brexit transition
Speaking to Lords in Parliament today, he said: "We are not talking about extending to three years, it isn't necessary". Davis told a parliamentary committee Monday that "we want a high degree of stability and the right to do deals".

Shares of Saudi Prince's Firm Surge After His Release
Investments within Saudi Arabia include a 16.2 percent stake in lender Banque Saudi Fransi 1050.SE. By midweek, 95 people were still being held, though several more were released over the weekend.

The Nasdaq Composite was down 12.48 points, or 0.17 per cent, at 7,493.29. On the Nasdaq, 1,531 issues fell and 1,002 advanced.

What's helped to drive markets?

The Fed's ongoing two-day meeting will be watched for comments that could raise the likelihood of rates being hiked four times this year, instead of three, especially as inflation readings have firmed in recent readings. Brent crude, used to price global oils, declined 16 cents to $68.36 in London. However, the Fed left its benchmark short-term rate at a range of 1.25% to 1.50%. The Fed will release its latest policy decision, in Janet Yellen's final meeting as chair before handing off to Jerome Powell, while the Treasury will announces quarterly refunding plans. Fears of higher inflation are sparking the sharp rise in bond rates this year.

The technology sector's 0.50 per cent drop weighed the most on the markets, but the biggest decliners were the defensive sectors - utilities, real estate and telecoms, all down more than 0.8 per cent as United States 10-year treasury yields hit their highest since 2014.

"Once growth has started to slow, expectations for earnings have fallen and investors have become more cautious", he says.

What data are in focus? The data come ahead of Friday's jobs report which is expected to show a 175,000 increase in the same month's nonfarm payrolls with the unemployment rate holding steady at 4.1%. Chevron slipped 2.53 percent, Coca Cola was down slightly and Apple sank on reports of fading iPhone X demand. That said, the reading was still strong, with any reading over 50 (http://www.marketwatch.com/story/chicago-pmi-slips-from-nine-year-high-2018-01-31) indicating expansion.

USA pending home sales (http://www.marketwatch.com/story/pending-home-sales-inch-higher-as-tight-inventory-stifles-housing-market-2018-01-31) rose 0.5% in December, the National Association of Realtors said Wednesday, marking the highest reading since March, even though the index stands just 0.5% higher than a year ago. If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name.

Related news:

Hot News

isis-killer-beheading-video-story-top Fox Buys Thursday Night Football For $60M Per Game
Feb 02, 2018 - 00:06
And two, FOX appears to already have a sponsor for TNF , as it's called " Thursday Night Football presented by Bud Light". Case in point, Thursday Night Football is leaving CBS for FOX according to John Ourand of Sports Business Daily .

isis-killer-beheading-video-story-top How Super Bowl is protecting itself from Nipplegate sequel
Feb 01, 2018 - 00:53
Will any members from NSync perform with Justin Timberlake? He recently discussed the incident with Zane Lowe on Beats 1 Radio. Last year's Super Bowl champions the New England Patriots will take on the Philadelphia Eagles on February 4 at U.S.

isis-killer-beheading-video-story-top Ben Simmons' All Star hopes given second lease of life
Feb 01, 2018 - 00:53
Alas, Detroit big man Andre Drummond was given the nod, and deservingly so. "No [t] sure why Jaylen brown is confused", he wrote. James and Westbrook are also the only two players to do that for a full season at all in the last 10 years.

isis-killer-beheading-video-story-top Wall Street stumbles as health stocks fall
Feb 01, 2018 - 00:50
At the Dow's low end, Apple dropped 0.5% after a downgrade to market perform, from outperform, from BMO Capital Markets. Brent crude, used to price worldwide oils, dropped 44 cents, or 0.6 percent, to close at $69.02 a barrel in London.

isis-killer-beheading-video-story-top Michelle Obama Dishes on Awkward Melania Trump Gift Exchange on Inauguration Day
Feb 01, 2018 - 00:50
She appeared on the show on the first of a two-day celebration of DeGeneres' 60th birthday, according to Entertainment Weekly . I'm thinking, do we take the picture with [it]? 'And everyone cleared out and no one would come and take the box.

isis-killer-beheading-video-story-top Harley-Davidson's first production electric motorcycle will debut in 2019
Feb 01, 2018 - 00:50
Whether or not the production electric motorcycle looks like LiveWire remains to be seen, the new bike doesn't even have a name. But soon after, the company started a series of layoffs including 118 US workers in April, followed by another 180 in July.

isis-killer-beheading-video-story-top SC Rep. Trey Gowdy announces he won't run for re-election
Feb 01, 2018 - 00:49
Gowdy is the latest, but one of the most high-profile, of a slew of Republicans to announce they would leave Congress. Trey Gowdy ( R-S.C), pictured on Capitol Hill on January 18, is chairman of the House Oversight Committee.

isis-killer-beheading-video-story-top Kate Middleton Challenges Prince William to a Swedish Hockey Shoot-Out
Jan 31, 2018 - 06:11
Britain's monarchy has ridden a wave of public support in recent years due to the popularity of William , Kate and Harry. Marcus said that the couple had told them that they have Ikea furniture for their two young children's rooms.

isis-killer-beheading-video-story-top Grammy victor Chris Stapleton announces July 19 show at Spokane Arena
Jan 31, 2018 - 06:10
Stapleton served as musical guest on this weekend's episode of Saturday Night Live , which was hosted by SNL alum Will Ferrell. He was one of the headliners at last summer's Mountain Home Country Music Festival in rural Elmore County.

isis-killer-beheading-video-story-top Risking arrest and prison, Iranian women cast off their hijabs in protest
Jan 31, 2018 - 06:09
One of the women who removed her headscarf and waved it on a stick staged her protest in the Tehran's busy Enqelab Street. Writing on her Facebook page, Sotoudeh said that women should be given the right "to manage" their own bodies.

isis-killer-beheading-video-story-top LA Clippers agree to trade Blake Griffin to Detroit Pistons
Jan 31, 2018 - 06:08
Griffin has spent his entire career with the Clippers , being selected with the team's No. 1 overall pick in the 2009 NBA Draft. The Clippers have small-forward depth with the addition of Harris and will likely insert him into the starting lineup.

isis-killer-beheading-video-story-top Ronda Rousey files to trademark 'rowdy' name
Jan 31, 2018 - 06:05
There are conflicting reports on what exactly WWE has planned for Rousey, who has signed a full-time contract with the company. The former champion looked in good form and even performed some of her in-ring moves and even elimated Mickie James.

isis-killer-beheading-video-story-top Huddersfield Town boss David Wagner: 'Liverpool are vulnerable right now'
Jan 30, 2018 - 01:10
The Terriers are winless in 11 meetings in all competitions since a 1-0 home victory in Division Two in 1959 (D3, L8). Jurgen Klopp could lose consecutive league fixtures as a Liverpool manager for the first time.

WWE Royal Rumble: Five Possible Guys to take the US Open Challenge
Jan 29, 2018 - 03:34
This would also save the heels from taking a credibility killing loss, though obviously there are other ways to accomplish that. WWE Universal Champion Brock Lesnar will compete in a triple threat fight against Braun Strowman and Kane for the title.

isis-killer-beheading-video-story-top US Prez apologises for retweeting anti-Muslim videos
Jan 29, 2018 - 03:30
Mr Trump claimed Mrs May invited him to the United Kingdom twice this year during their meeting at the Swiss ski resort. Asked about the state visit, both May and Trump affirmed the parameters of the trip were still under discussion.