2023-01-25 08:01:47

Investor Optimism Declines Following Earnings Reports

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Benzinga
By Lisa Levin

The CNN Money Fear and Greed index showed some decline in overall market sentiment among US investors.

US stocks closed mixed on Tuesday as investors assessed the latest corporate earnings.

Shares of 3M Company MMM dropped 6.2% on Tuesday after the company reported worse-than-expected Q4 adjusted earnings and issued FY23 adjusted EPS forecast below estimates. Union Pacific Corporation UNP shares declined 3.3% after reporting downbeat Q4 results.

The Dow closed higher by around 104 points to 33,733.96 on Tuesday. The S&P 500 slipped 0.07% to 4,016.95, while the Nasdaq Composite fell 0.27% to settle at 11,334.27 in the session.

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