Down on Wall Street

» Published: January 16 2025

Down on Wall Street
Photo: Mark Lennihan/AP-TT

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Leading indexes on the American stock exchanges circled around zero on Thursday, as several major companies reported quarterly reports with varying results.

On the plus side was one of the USA's major banks. Morgan Stanley rose 4.0 percent after presenting a report where the profit was larger than analysts had predicted. The assets that the bank manages for wealthy customers' accounts also increased significantly.

On the other hand, the health insurance company United Health Group fell 6.0 percent. The company reported a higher profit than expected, but the revenue for the last quarter of last year did not reach up to the forecasts.

The broad S&P 500 index and the Dow Jones industrial index both lost 0.2 percent. Nasdaq's technology-heavy composite index, which fell during the final trade, dropped 0.9 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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