US stocks: Wall Street ends stable ahead of megacap results next week

The benchmark S&P 500 closed little changed as mixed earning results fueled uncertainty surrounding the Federal Reserve's potential monetary policy shifts. The S&P 500 is generally stable during the early stages of first-quarter earnings season, and next week will feature a flood of reports, including from megacap tech and growth companies. Analysts still expect a near-5% YoY fall in quarterly profits at S&P 500 firms.

Apr 22, 2023 - 12:30
US stocks: Wall Street ends stable ahead of megacap results next week
The benchmark S&P 500 closed little changed as mixed earning results fueled uncertainty surrounding the Federal Reserve's potential monetary policy shifts. The S&P 500 is generally stable during the early stages of first-quarter earnings season, and next week will feature a flood of reports, including from megacap tech and growth companies. Analysts still expect a near-5% YoY fall in quarterly profits at S&P 500 firms.