Wall Street edged back from its records on Tuesday following a mixed start to the latest profit reporting season for big US companies. The S&P 500 fell 13.53 points, or.
Wall Street edged back from its records on Tuesday following a mixed start to the latest profit reporting season for big US companies.
JPMorgan Chase helped kick off the latest reporting season by delivering weaker profit and revenue than analysts expected. Its stock fell 4.2%, but the shortfall may have been because some analysts hadn’t updated their estimates to account for the earnings hit resulting from the bank’s purchase of the Apple Card credit card portfolio.
