Financial and tech firms gave Wall Street a modest lift on Tuesday following a s...
NEW YORK - Financial and tech firms gave Wall Street a modest lift on Tuesday following a string of generally positive earnings, with the S&P 500 inching closer to a new all-time high.
Bank of America Corp, Johnson & Johnson, BlackRock Inc, UnitedHealth Group Inc and others posted quarterly results that surpassed analyst expectations. Of the 42 S&P 500 companies that have posted thus far, 81% have beaten consensus, compared with the 65% average beat rate going back to 1994. But UnitedHealth Group, which also reported better-than-anticipated first-quarter profit and hiked its 2019 earnings forecast, fell 6.0%, likely due to regulatory worries. The stock was the biggest drag on the Dow.The S&P 500 Healthcare Index was down 1.7%
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