Source: Sharecast
As of 1545 GMT, the Dow Jones Industrial Average was up 0.08% at 44,591.90, while the S&P 500 came out the gate 0.14% weaker at 6,029.13 and the Nasdaq Composite lost 0.45% to 19,566.09.
The Dow opened 35.86 points higher on Wednesday, extending gains recorded in the previous session even as tensions between China and the US heated up after Donald Trump slapped a 10% levy on Chinese imports. China then retaliated with tariffs of up to 15% on US goods.
Google parent company Alphabet was in the red in early trading after posting a quarterly earnings miss due to weaker-than-expected cloud sales, while shares in AMD fell sharply after quarterly numbers from the chipmaker disappointed.
Elsewhere in the corporate space, Disney posted Q1 earnings that came in ahead of expectations but revealed it expected to see another "modest decline" in streaming subscribers in Q2, while shares in Harley-Davidson came under pressure after softer consumer confidence hit revenues at the US motorcycle manufacturer
On the macro front, mortgage applications rose by 2.2% week-on-week, according to the Mortgage Bankers Association of America, reversing the prior week's 2% drop. Applications to refinance a mortgage jumped 12%, while applications to purchase a home sank by 4%.
On another note, private sector employment in the US rose more than expected in January, according to ADP. Employment increased by 183,000 from December, versus expectations for a 150,000 jump. The total number of jobs gained for December was revised from 122,000 to 176,000.
Still on data, S&P Global's composite PMI fell to 52.7 in January, slightly beating expectations for a reading of 52.4 but down from 55.4 in December to mark the lowest reading since April 2024. S&P's services PMI fell to 52.9, down from 56.8 a month earlier but slightly ahead of preliminary estimates of 52.8.
Finally, the Institute for Supply Management's services PMI declined to 52.8 in January from a downwardly revised reading of 54 in December and well and truly short of estimates of 54.3.
"Poor weather conditions were highlighted by many respondents as impacting business levels and production. Like last month, many panellists also mentioned preparations or concerns related to potential U.S. government tariff actions; however, there was little mention of current business impacts as a result", said the ISM's Steve Miller.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Amgen Inc. (AMGN) $304.89 6.23%
Walgreens Boots Alliance, Inc. (WBA) $10.10 4.50%
Cisco Systems Inc. (CSCO) $61.90 1.68%
Intel Corp. (INTC) $19.53 1.61%
Boeing Co. (BA) $178.79 1.45%
Goldman Sachs Group Inc. (GS) $640.39 0.98%
Apple Inc. (AAPL) $229.54 0.92%
JP Morgan Chase & Co. (JPM) $270.32 0.89%
Visa Inc. (V) $348.08 0.85%
Walmart Inc. (WMT) $101.54 0.76%
Dow Jones - Fallers
Unitedhealth Group Inc. (UNH) $531.48 -2.56%
Merck & Co. Inc. (MRK) $88.83 -2.10%
Nike Inc. (NKE) $75.62 -1.43%
Dow Chemical Co. (DOW) $38.02 -1.38%
Walt Disney Co. (DIS) $112.23 -0.94%
Salesforce.Com Inc. (CRM) $340.90 -0.94%
Caterpillar Inc. (CAT) $358.77 -0.88%
McDonald's Corp. (MCD) $288.20 -0.54%
International Business Machines Corporation (CDI) (IBM) $263.13 -0.50%
Procter & Gamble Co. (PG) $167.59 -0.32%
S&P 500 - Risers
Mattel Inc. (MAT) $20.61 14.08%
Johnson Controls International plc (JCI) $86.40 11.79%
National Oilwell Varco Inc. (NOV) $15.81 8.47%
Fiserv Inc. (FI) $229.69 7.22%
Regeneron Pharmaceuticals Inc. (REGN) $709.14 6.60%
Amgen Inc. (AMGN) $304.89 6.23%
Broadcom Inc. (AVGO) $230.69 5.80%
Electronic Arts Inc. (EA) $128.35 4.57%
Walgreens Boots Alliance, Inc. (WBA) $10.10 4.50%
Dxc Technology Company (DXC) $23.59 4.32%
S&P 500 - Fallers
FMC Corp. (FMC) $35.60 -34.12%
Advanced Micro Devices Inc. (AMD) $107.10 -7.62%
Alphabet Inc. Class A (GOOGL) $188.51 -7.18%
Alphabet Inc. Class C (GOOG) $190.42 -6.91%
Harley-Davidson Inc. (HOG) $25.56 -4.70%
Estee Lauder Co. Inc. (EL) $66.42 -4.39%
Archer-Daniels-Midland Co. (ADM) $45.42 -4.36%
CenturyLink Inc. (LUMN) $4.82 -4.30%
Nektar Therapeutics (NKTR) $0.79 -3.95%
Stanley Black & Decker Inc. (SWK) $83.69 -3.43%
Nasdaq 100 - Risers
Fiserv Inc. (FI) $229.69 7.22%
Regeneron Pharmaceuticals Inc. (REGN) $709.14 6.60%
Amgen Inc. (AMGN) $304.89 6.23%
Broadcom Inc. (AVGO) $230.69 5.80%
Electronic Arts Inc. (EA) $128.35 4.57%
Walgreens Boots Alliance, Inc. (WBA) $10.10 4.50%
Vertex Pharmaceuticals Inc. (VRTX) $488.65 4.03%
Hasbro Inc (HAS) $59.21 3.90%
Biogen Inc (BIIB) $146.46 3.49%
Nvidia Corp. (NVDA) $122.45 3.43%
Nasdaq 100 - Fallers
Alphabet Inc. Class A (GOOGL) $188.51 -7.18%
Alphabet Inc. Class C (GOOG) $190.42 -6.91%
Trip.com Group Limited (TCOM) $68.76 -5.37%
JD.com, Inc. (JD) $40.26 -3.69%
Monster Beverage Corp (MNST) $46.10 -3.20%
Intuit Inc. (INTU) $583.66 -3.06%
Paypal Holdings Inc (PYPL) $78.96 -2.87%
PACCAR Inc. (PCAR) $106.53 -2.41%
Wynn Resorts Ltd. (WYNN) $81.85 -2.21%
Kraft Heinz Co. (KHC) $28.45 -1.51%