U.S. Shares End Little Changed as Energy Stocks Drag on Market

RBC's Golub Shares Strategy to Combat Market Calm

U.S. stocks pared an earlier advance Tuesday as crude oil extended losses and investors continued to sift through earnings reports for clues on the economy’s health.

The S&P 500 Index added less than 0.1 percent to 2,293.08 at 4 p.m. in New York, while the Dow Jones Industrial Average climbed 38 points to 20,083 after earlier reaching an intraday record. 

  • Industries mixed with energy shares underperforming as consumer staples shares lead advance, up 0.8%
  • Tech up 0.4% as phone and utility stocks gain; 10-year Treasury yields down 1.6%
  • Energy down 1.7% after weighing on market Monday as oil slides for third session
  • VIX reversed earlier gain to end 0.7% lower at 11.3
  • The U.S. Commerce Department said the December trade deficit was little changed at $44 billion, compared with an estimate of $45 billion; the shortfall was marked by weaker overseas sales of U.S.-produced goods and stronger domestic demand for imported products as the dollar rallied in the second half of 2016
  • Almost 30 members of the S&P 500 reported quarterly results today, including Walt Disney Co. and General Motors Co. With more than half the S&P 500 stocks having released earnings this season, about three-quarters beat profit estimates and about half beat sales estimates, according to data compiled by Bloomberg
  • EARNINGS:
    • After-market Tuesday: Pioneer Natural Resources (PXD), Mondelez International (MDLZ), Walt Disney (DIS), Plains All American Pipeline (PAA), Assurant (AIZ), New Relic (NEWR), Gilead Sciences (GILD), Genworth Financial (GNW), CSRA (CSRA), Buffalo Wild Wings (BWLD), Microchip Technology (MCHP), Fortive (FTV), Akamai Technologies (AKAM), Take-Two Interactive Software (TTWO), Twilio (TWLO), Yum China Holdings (YUMC), O’Reilly Automotive (ORLY)
    • Pre-market Wednesday: Allergan (AGN), Exelon (EXC), Time Warner (TWX), Cognizant Technology Solutions (CTSH), Arch Coal (ARCH), GrubHub (GRUB), Jacobs Engineering Group (JEC), Goodyear Tire & Rubber (GT), Humana (HUM), Alaska Air Group (ALK)

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