Stocks Mixed On Wall Street Ahead Of Fed, Job News

Stocks were mixed in morning trading on Wall Street ahead of more news this week on the Federal Reserve and the jobs market, Damian J. Troise reported for the Associated Press (AP).

Photo Insert: The New York Stock Exchange

Investors are also reviewing a heavy load of corporate earnings for more clues as to how companies are faring as the economy moves past the virus pandemic.

The S&P 500 index rose 0.2% as of 10:11 a.m. Eastern. The benchmark index is roughly split between gainers and losers and is hovering around its all-time high. The Dow Jones Industrial Average rose 29 points, or 0.1%, to 35,943 and the Nasdaq rose 0.1%. Small-company stocks edged higher after surging a day earlier. The Russell 2000 rose 0.1%.

Technology stocks made solid gains. Cloud networking company Arista Networks surged 23.4% after giving investors an encouraging financial forecast following a strong third-quarter report. Health care stocks also rose.

Prescription drug distributor McKesson gained 5% after raising its profit forecast. Pfizer was up 2.2% after delivering a strong profit report. Losses from a mix of banks and companies that rely on direct consumer spending offset gains elsewhere in the market.

Bond yields edged lower. The yield on the 10-year Treasury fell to 1.56% from 1.57% late Monday. Crude oil prices slipped 0.6% and weighed down energy stocks.

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