Wall Street: mix after Pepsi and Morgan Stanley results by Investing.com

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© Reuters.

Investing.com – Wall Street was mixed Wednesday even after the optimistic gains of Morgan Stanley and PepsiCo, while positive Chinese economic data eased fears of a global slowdown.

The increase was 1 point or 0.05% at 9:47 am EST (1:47 pm GMT), while the drop was 41 points or 0.2% and the techno-heavy gained 28 points or 0.4%.

China grew 6.4% in the first quarter, which, along with the data, eased fears of a slowdown in the world's second-largest economy. Nevertheless, the United States and China have not yet concluded a trade agreement and it remains to be feared that this growth is only temporary.

PepsiCo (NASDAQ 🙂 grew 2.6%, which is above expectations, with its organic business growing 5.2%. Qualcomm (NASDAQ 🙂 jumped 16% after rising 23% on Tuesday after being informed by Apple (NASDAQ 🙂 of a patent dispute.

The last of the big banks to report, Morgan Stanley (NYSE :), grew 0.6% after the forecast, during a difficult quarter. The United States of America Bancorp (NYSE 🙂 has also joined other banks to cope with fluctuations in market volatility.

At the same time, CVS Health Corp. (NYSE 🙂 fell 1.2%, while Abbott Labs (NYSE 🙂 fell 2% despite a strong first quarter. Healthcare stocks also fell, with Anthem (NYSE 🙂 down 4.6% and UnitedHealth (NYSE 🙂 down 3.3%.

In commodities, it rose slightly by 0.07% to $ 1,278.05 per troy ounce, while it rose 0.3% to $ 64.20 per barrel. The, which measures the greenback versus a basket of six major currencies, edged down to 96.618.

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