Wall Street holds at its record high as earnings reporting season heats up

Friday, January 19, 2024, Vol. 48, No. 3

NEW YORK (AP) — Wall Street held at its record high as earnings reporting season for big U.S. companies got going.

The S&P 500 rose 0.3% Tuesday, notching another all-time high. The Dow Jones Industrial Average fell 0.3%, a day after topping 38,000 for the first time. The Nasdaq composite rose 0.4%.

Big gains for Procter & Gamble and United Airlines following their latest profit reports helped to lift the market. But a sharp drop for 3M weighed on the Dow in particular.

Johnson & Johnson also fell following its earnings report.

Treasury yields were mixed, as were stock markets abroad.