Shares struggle to get a direction amid a wave of profits



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US stocks slid in the middle of another busy corporate earnings day, with mixed results from Caterpillar and Boeing heavyweights.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The S & P 500 (^ GSPC) lost 0.22% or 6.43 points at the close of the market. The Dow (DJI) lost 0.22%, or 59.34 points, while the Nasdaq (^ IXIC) fell slightly by 0.23% or 18.81 points. "data-reactid =" 16 "> The S & P 500 (^ GSPC) lost 0.22% or 6.43 points at market close The Dow (^ DJI) lost 0.22%, or 59 , 34 points, while the Nasdaq (^ IXIC) lost 0.23%, or 18.81 points.

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tuesday, the S 500 and the Nasdaq & nbsp;record closing records, while the Dow Jones was less than 1% of a record high, as a result of stronger than expected results from consumers and big names in technology, including Coca-Cola (KO) and Twitter (tWTR). "data-reactid =" 17 "> On Tuesday, the S & P 500 and the Nasdaq recorded record closing records, while the Dow Jones came close to 1% of an all-time high. the result of stronger than expected results among consumer and technology brands, including Coca-Cola (KO) and Twitter (TWTR).

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On Wednesday morning, the quarterly results of Boeing and Caterpillar have penny , with a decline of more than 3% of the title of the latter weighing on the Dow.After the closing bell, the names of technologies like Microsoft (MSFT), Facebook (FB), PayPay (PYPL) and Tesla (TSLA) publishes its results. "data-reactid =" 18 "> On Wednesday morning, the quarterly results of Boeing and Caterpillar occupy a central position, with a drop of more than 3% of its stock on the Dow.After the closing bell, the names of technologies like Microsoft (MSFT), Facebook (FB), PayPay (PYPL) and Tesla (TSLA) report the results.

Industrial gains

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Boeing (BA) Wednesday morning & nbsp;missed consensus estimates& nbsp; for the quarterly results and stated that this would stop the issuance of new indications. Basic earnings per share totaled $ 3.16 for the quarter, excluding consensus estimates of 9 cents, while revenues of $ 22.9 billion were in line with expectations. This comes as a result of two fatal accidents involving the company's 737 Max-8 aircraft, which have prompted airlines and governments around the world to anchor them to the ground while investigations are ongoing on the causes accidents. "Data-reactid =" 20 "> On Wednesday morning, Boeing (BA) missed estimates of the quarterly earnings consensus and announced that it would put an end to the publication of new forecasts. totaled 3.16 USD for the quarter, missing consensus estimates of 9 cents, while this follows two deadly accidents involving the company's 737 Max-8 aircraft, which pushed airlines and governments around the world to anchor them to the ground as ongoing investigations into the causes of accidents unfold.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Chicago-based company, in Illinois , said Wednesday that its previously published 2019 guidelines "do not reflect the impacts of 737 Max." In January, Boeing advice issued& nbsp; indicating that it projected revenues of between $ 109.5 and $ 111.5 billion for the full year of 2019, as well as earnings per share of between $ 19.90 and $ 20.10 per share. "Data-reactid =" 21 "> Chicago-based company, Illinois Wednesday, Boeing has released forecasts indicating that it projected revenues of between $ 109.5 and $ 111.5 billion for the whole of the year 2019, as well as earnings per share of $ 19.90 and $ 20.10 per share.

Stocks hesitated early in the session and moved slightly higher, with investors believing that the results in the closely watched defense, space and security sector have increased significantly. 2% in the first quarter.

Boeing's logo appears above his trading post on the New York Stock Exchange floor on Wednesday, March 13, 2019. President Donald Trump said the United States issued an emergency order blocking all the Boeing 737 Max 8 and Max 9 aircraft in the aftermath of an Ethiopian airliner crash. (AP Photo / Richard Drew)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Meanwhile, the Caterpillar industrial group, (CAT) reported Wednesday its earnings outlook for 2019 between $ 12.06 and $ 13.06, taking into account a first quarter tax benefit. The company previously had earnings per share of between $ 11.75 and $ 12.75 for the full year. "Data-reactid =" 34 "> At the same time, the Caterpillar industrial firm (CAT) on Wednesday raised its earnings outlook for 2019 between 12.06 and 13.06 USD .The company had already realized earnings per share between $ 11.75 and $ 12.75 for the full year.

Adjusted earnings per share of Caterpillar in the first quarter exceeded the consensus forecast, standing at $ 2.94 against $ 2.86 expected. Quarterly revenues of $ 13.5 billion exceeded expectations by $ 13.4 billion and grew 5% over last year. Caterpillar explained that this increase was "mainly due to higher sales volume, driven by increased demand for equipment and services", driven by an 18% increase in revenues from its Primary Industries sector, which includes its mining activities.

Operating profit of $ 2.207 billion increased 4.7% over the previous year. However, Caterpillar indicated that earnings were capped because of pressures on labor costs, transportation costs and "material costs, including rates".

Caterpillar's shares fluctuated early in the session before falling 3% to $ 137.68 at market close.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck"data-reactid =" 39 ">Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit."data-reactid =" 40 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

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