S&P the biggest mover at -0.03%.
The US major indices are closing the day about as unchanged as you can get.
- The S&P is closing down -0.71 points or -0.03% at 2671.92
- The Nasdaq is closing up +1.689 points or +0.02% at 7266.90
- The Dow is closing up 2.89 points or +0.01% at 24360.21.
When the S&P at -0.03% is biggest change, that is not a heck of a lot.
After the close Disney is announcing better than expected earnings at $1.84 vs $1.70 on revenues at $14.55B vs. estimates of 14.11B.
The winners today were led by banks/fnancials.
- Citigroup was up 3.68% after a report that ValueAct Capital Partners had taken a $1.2B stake in the bank
- JP Morgan was up 1.48%
- Morgan Stanley was up 1.91%
- American Express was up 1.19%
- Wells Fargo was up 1.04%
- Bank of America was up 1.01%
Some losers included:
- Celgene -1.70%
- Deutsche Bank (which is not participating in the financial rally) fell -1.34%
- Walt Disney was down -0.70% at 101.76 and is trading near unchanged levels in after hours trading despite the big beat.
- Boeing fell -0.57%
- Amazon fell -0.48%
- Microsoft fell -0.43%
- Tesla fell -0.28%
