Stocks – Wall Street Flat After Earnings Reports

© Reuters. Wall Street was flat on Thursday.

Investing.com – Wall Street opened little changed on Thursday, as investors digested corporate earnings.

The fell about 0.5 point, or 0.03%, to 2,856.88 as of 9:37 AM ET (13:37 GMT), while the lost 4 points, or 0.02%, to 25,578.86 and the tech-heavy gained 3 points, or 0.05% to 7,892.29.

Nearly 90% of S&P 500 companies have released their fiscal-quarter results, with 77% reporting better than expected profits, according to FactSet.

Viacom (NASDAQ:), the parent company of MTV, Nickelodeon and Paramount, rose 5.67%, despite reporting lower-than-expected revenue. Yelp (NYSE:) surged 18.45% after its earnings came in higher than expected, while Apple (NASDAQ:) inched up 0.45% and Chinese e-commerce company Alibaba (NYSE:) gained 1.28%.

Rite Aid (NYSE:) slumped 12.07% after the company cancelled its merger with Albertsons, while Tesla (NASDAQ:) dipped 1.80% as shareholders speculated about whether or not CEO Elon Musk has secured funding to take the company private.

On the data front, pointing to a strong economy despite recent trade tensions between the U.S. and China.

In Europe, stocks were mixed. Germany’s rose 39 points, or 0.31%, while in France the decreased 7 points, or 0.14%, and in London, the was down 39 points, or 0.51%. Meanwhile, the pan-European gained half a point, or 0.02%, while Spain’s inched down 20 points, or 0.21%.

In commodities, rose 0.08% to $1,222.00 a troy ounce, while futures increased 0.39% to $67.20 a barrel. The , which measures the greenback against a basket of six major currencies, rose 0.12% to 95.06.

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