S&P 500 Index Edges Higher Amid Earnings While Fed Deliberates
- Equities roam in tight range before decision on rates
- Procter & Gamble, 3M shares weigh after reporting results
How Significant is the S&P 500's Golden Cross?
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The Standard & Poor’s 500 Index edged higher amid mixed corporate earnings results, while crude oil rallied to lift commodity producers and investors awaited tomorrow’s Federal Reserve policy update.
Equities have had difficulty making further headway after reaching multi-month highs last week, holding in a tight range as the flow of financial results accelerates. Better-than-forecast profits at Procter & Gamble Co. and 3M Co. were greeted with ambivalence today as shares in the two companies retreated more than 1.3 percent. DuPont Co. added 2.4 percent after raising its 2016 earnings outlook. After markets closed, Apple Inc. sank and Twitter Inc. tumbled as their results disappointed.