Dow rises after strong earnings results

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Stocks rose Tuesday as a host of major companies reported quarterly results that beat Wall Street's expectations.

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The S & P 500 (^ GSPC) gained 0.17%, gold 4.9 points, as of 11:15 am ET, led by advances in the Financials and Tech sectors. "data-reactid =" 16 "> The S & P 500 (^ GSPC) gained 0.17%, gold 4.9 points , as of 11:15 am ET, led by advances in the Financials and Tech sectors.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Dow (^ DJI) rose 0.17%, gold 44.68 points, as shares of component company Johnson & amp; Johnson (JNJ) following an upbeat quarterly report. Declines in shares of UnitedHealth Group, which had risen during early trading, capped gains in the index, however. The Nasdaq (^ IXIC) advanced 0.4%, or 31.6 points. "data-reactid =" 17 "> The Dow (^ DJI) rose 0.17%, or 44.68 points, as shares of Johnson & Johnson (JNJ) shareholding shareholding. Declines in shares of UnitedHealth Group, which had risen during early trading, capped gains in the index, however, the Nasdaq (^ IXIC) advanced 0.4%, or 31.6 points.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Positive earnings results delivered Tuesday morning from major financial firms , including Bank of America (LAC) and BlackRock (BLK), helped fuel investor optimism at the start of another earnings season, offsetting some concerns after Goldman Sachs (GS) and Citigroup (C) earlier in the week posted & nbsp;disappointing results"data-reactid =" 18 "> Positive earnings results delivered Tuesday morning from major financial firms, including Bank of America (BAC) and BlackRock (BLK), helped fuel investor optimism at the start of another earnings season, offsetting some concerns after Goldman Sachs (GS) and Citigroup (C) earlier in the week posted disappointing results.

Investors are broadly expecting corporate profits to come in light of last year and are monitoring earnings results to gauge the extent of the slowdown. Earnings are expected to fall 4.9%, and aggregate S & P 500 earnings per share growth is expected to decline by 2.7% year-over-year for the first quarter, Jonathan Golub, Credit Suisse chief US equity strategist, wrote in a note . However, financials are expected to deliver positive EPS growth, along with Industrials, Health Care and REITS, he added.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Companies including Netflix (NFLX), IBM (IBM) and United Continental (UALCompanies including Netflix (NFLX), IBM (IBM) and United Continental (UAL) are set to report results after-the-bell on Tuesday.

Bond yields, which move to a higher level, stabilized after several months.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Chicago Fed President Charles Evans & nbsp;told CNBC& nbsp; Monday he "could see" the benchmark Fed funds rate "flat and unchanged" to fall in the Fed's 2% target. "data-reactid =" 22 "> Chicago Fed Chairman Charles Evans told CNBC Monday he" could see "the benchmark Fed funds rate" flat and unchanged "to fall in the Fed's 2% target.

This rate of growth is decelerating to around 2% this year, from 3.1% last year, but added that the United States is not worried about recession.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Boston Fed Chairman Eric Rosengren, another voting member of this year's Federal Open Market Committee, also pointed to lower-than-targeted inflation & nbsp;in a speech delivered Monday in North Carolina. However, Rosengren noted that the inflation rate is "relatively modest," and said that "in many respects the economy is doing well" in relation to the Fed's dual mandate for stable prices and maximum sustainable employment. = "24"> Boston Fed Chairman Eric Rosengren, another voting member of this year's Federal Open Market Committee, also pointed to inflation in a speech delivered Monday in North Carolina., Rosengren noted that the miss to inflation "is relatively modest," and said that "in many respects the economy is doing well" in relation to the Fed's dual mandate and maximum sustainable employment.

Bond yields up 3.2 basis points to 2.585%, as of Tuesday morning.

STOCKS

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Bank of America (LAC, -2.26%) Reported quarterly earnings results that beat Wall Street's & nbsp;expectations, buoyed by strong consumer loans and deposits activity. The company delivered record quarterly profit of $ 7.3 billion, or 70 cents per share, beating expectations for 66 cents per share. Revenue of $ 23.1 trillion was in-line with expectations. The company's consumer lending business – its largest segment – delivered a 25% increase in profit over last year to $ 3.2 billion. However, shares of CFO Paul Donofrio said in a statement that it is expected that the market will be reduced to 6% growth. "Data-reactid =" 27 ">Bank of America (LAC, -2.26%) Reported quarterly earnings results that beat Wall Street's expectations, buoyed by strong consumer loans and deposits activity. The company delivered record quarterly profit of $ 7.3 billion, or 70 cents per share, beating expectations for 66 cents per share. Revenue of $ 23.1 trillion was in-line with expectations. The company's consumer lending business – its largest segment – delivered a 25% increase in profit over last year to $ 3.2 billion. However, shares of CFO Paul Donofrio said in the meantime that it is expected that the market will be 6% growth.

New York, USA - April 7, 2018: Pedestrians Crossing, Crosswalk, Bike, Road in Manhattan — New York, USA – April 7, 2018: Pedestrians Crossing, Crosswalk, Bike, Road in Manhattan

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "BlackRock (BLK, + 2.71%) exceeded consensus expectations for quarterly profits and its assets under management & nbsp;Grew& Nbsp; Sequentially. Earnings per share of $ 6.61 beat expectations for $ 6.13, while $ 3.34 billion in revenue was in-line with consensus estimates. Blackrock's first quarter saw $ 65 billion in total net inflows across product types, higher than the $ 54.63 billion the firm brought in the year prior. "Data-reactid =" 39 ">BlackRock (BLK, + 2.71%) exceeded consensus expectations for quarterly profits and its assets under management grew sequentially. Earnings per share of $ 6.61 beat expectations for $ 6.13, while $ 3.34 billion in revenue was in-line with consensus estimates. Blackrock's first quarter saw $ 65 billion in total net inflows across product types, higher than the $ 54.63 billion the firm brought in the prior year.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Johnson & amp; Johnson (JNJ, + 2.06%) beat consensus expectations for first-quarter earnings, after the company posted weak full-year guidance & nbsp;earlier this year& nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbs First quarter earnings were $ 2.10 per share, higher than the $ 2.04 per share expected, while sales of $ 20.02 billion beat expectations for $ 19.61 billion. J & D has now adjusted EPS in the range of $ 8.53 to $ 8.63, from between $ 8.50 and $ 8.65, and full-year sales of between $ 80.4 billion to $ 81.2 billion. "Data-reactid =" 44 ">Johnson & Johnson (JNJ, + 2.06%) beat consensus expectations for the first trimester, after the company posted this year, it was a bad news that it was a bit of pain. First quarter earnings were $ 2.10 per share, higher than the $ 2.04 per share expected, while sales of $ 20.02 billion beat expectations for $ 19.61 billion. J & J now bookings EPS in the range of $ 8.53 to $ 8.63, from $ 8.50 and $ 8.65, and full-year sales of between $ 80.4 billion to $ 81.2 billion.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "UnitedHealth Group (A H, -4.49%) exceeded Wall Street's expectations on the top and bottom lines for the first quarter and full-year forecast for 2019 as the largest insurer in the country grew its customer base. The company sees full-year earnings per share between $ 14.50 and $ 14.75, from $ 14.40 to $ 14.70 previously. First quarter earnings of $ 3.73 per share. The consensus is estimated by 13 cents, while first-quarter revenue of $ 60.3 billion was higher than the $ 59.76 billion expected. In the first quarter, the company added 880,000 new customers. "Data-reactid =" 45 ">UnitedHealth Group (A H, -4.49%) exceeded Wall Street's expectations on the top and bottom lines for the first quarter and full-year forecast for 2019 as the largest insurer in the country grew its customer base. The company sees full-year earnings per share between $ 14.50 and $ 14.75, from $ 14.40 to $ 14.70 previously. First quarter earnings of $ 3.73 per share. The consensus is estimated by 13 cents, while first-quarter revenue of $ 60.3 billion was higher than the $ 59.76 billion expected. In the first quarter, the company added 880,000 new customers.

ECONOMY

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Industrial production unexpectedly declined by a seasonally adjusted 0.1% in March, the Federal Reserve & nbsp;reported Tuesday. Consensus economists expected this measure of factory, mining and utilities output 0.2% for the month. Last year, industrial production rose 2.8% in March. "Data-reactid =" 47 ">Industrial production unexpectedly declined by a seasonally adjusted 0.1% in March, the Federal Reserve reported on Tuesday. Consensus economists expected this measure of factory, mining and utilities output 0.2% for the month. Last year, industrial production rose 2.8% in March.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Manufacturing output, which includes the largest portion of industrial production, remained flat in March, following an upwardly revised 0.3% decline in February. Consensus economists were expecting a rebound to a 0.1% increase in manufacturing production in March. "Data-reactid =" 48 ">Manufacturing output, which includes the largest portion of industrial production, remained flat in March, following an upwardly revised 0.3% decline in February. Consensus economists were expecting a rebound to a 0.1% increase in manufacturing production in March.

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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck"data-reactid =" 63 ">Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

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