A currency trader walks near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, April 22, 2021. Asian shares were higher on Thursday after a broad advance on Wall Street led by technology companies and banks.
Currency traders walk near screens showing the Korean Securities Dealers Automated Quotations (KOSDAQ), left, and the foreign exchange rates at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, April 22, 2021. Asian shares were higher on Thursday after a broad advance on Wall Street led by technology companies and banks.
Currency traders talk near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, April 22, 2021. Asian shares were higher on Thursday after a broad advance on Wall Street led by technology companies and banks.
A currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, April 22, 2021. Asian shares were higher on Thursday after a broad advance on Wall Street led by technology companies and banks.
FILE – In this March 23, 2021 file photo, pedestrians walk past the New York Stock Exchange in New York’s Financial District. Stocks are opening modestly lower on Wall Street, Thursday, April 22, led by drops in banks and technology companies.
Stocks are slightly lower Thursday, pulled down by banks and technology companies. Investors continue to focus on individual companies as the quarterly earnings reporting season rolls on.
The S&P 500 was down 0.3% as of 9:50 a.m. Eastern. The Dow Jones Industrial Average lost 0.3% and the Nasdaq was down 0.4%. The S&P 500 closed higher Wednesday, ending a two-day slide, but it’s still down for the week.
Investors got another dose of company earnings on Thursday. AT&T rose 4% after reporting results that beat expectations, helped by higher wireless phone charges as well as the success of its streaming service HBOMax.
Whirlpool and Equifax also rose after reporting strong results. Union Pacific fell after the railroad operator reported a 9% drop in profit.
Credit Suisse dropped 3.5% after the Swiss bank announced it would issue more stock to help it recover from the losses it suffered because of the implosion of a hedge fund earlier this year. Credit Suisse had been a primary backer of Archegos Capital Management, which collapsed last month after several of its bets went sour.
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