It was a quiet day for the markets on Tuesday, with the Dow closing up slightly, and the S&P 500 flat, as earnings season kicks into full gear. Financials and technology were the best-performing sectors of the day.
div > div.group > p:first-child"> The 30-stock Dow ended the day up 67.89 points at 26,452.66 as Boeing gains 1.7%. Shares of the aerospace giant rose after the Federal Aviation Administration said in a report an update to the 737 Max software is"operationally suitable."
Johnson & Johnson climbed 1.1% on stronger-than-forecast quarterly results. More than half of its revenue came from prescription drug sales, which increased by more than 4%. BlackRock and Bank of America also rose on stronger-than-expected earnings. IBM, Netflix, and CSX are among the companies that reported earnings after the bell.
Those concerns weighed on the broader health-care sector, which fell more than 2%. Those losses kept a lid on the overall market's gains. The S&P 500 is up more than 15% this year in large part because the Fed indicated it may not raise rates at all in 2019. This is after the central bank raised rates four times in 2018.
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