Posted on Monday, 19th July 2010 by Jesse Walker
NEW YORK | Wed Jul 21, 2010 10:00am EDT
NEW YORK (Reuters) – Stocks trimmed early gains on Wednesday to trade little changed as enthusiasm over earnings from the financial sector and Apple were tempered by caution ahead of testimony from Federal Reserve Chairman Ben Bernanke.
Not all quarterly results were strong, however. The Nasdaq fared the worst of the major indexes, weighed by shares of Gilead Sciences Inc (GILD.O), which missed expectations, and Yahoo Inc (YHOO.O), which reported weak revenue.
The Dow Jones industrial average .DJI dipped 8.55 points, or 0.08 percent, to 10,221.41. The Standard & Poor’s 500 Index .SPX was off 0.64 points, or 0.06 percent, to 1,082.84. The Nasdaq Composite Index .IXIC lost 8.55 points, or 0.38 percent, to 2,213.94.
(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)
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Tags: Earnings
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