US stock indexes were little changed in choppy trading as investors assessed bank earnings and chip stocks fell on concerns about Chinese competition. At 10:20 a.m. ET, the Dow was up 0.02%, the S&P 500 was down 0.08% and the Nasdaq was down 0.12%.
Wall Street's main indexes were muted in choppy trading Tuesday as investors parsed quarterly results and chip stocks came under renewed selling pressure. At 10:20 a.m. ET, the Dow Jones Industrial Average rose 0.02% to 51,859.69, the S&P 500 fell 0.08% to 7,800.86 and the Nasdaq Composite lost 0.12% to 27,213.38.
Johnson & Johnson fell 4.8% despite topping quarterly profit estimates, while Wells Fargo dropped 2.5% after net interest income missed estimates. Citigroup dipped 1.8%, JPMorgan Chase swung between gains and losses after a rare profit miss, and Goldman Sachs rose about 1% after topping estimates. Chip stocks fell amid concerns about technological advances by China's CXMT; Micron Technology lost 4.5% and the broader chips index declined 1.5%.
Meta rose 3%, helping limit losses in communication services, while Salesforce gained 3%. Bumble jumped 56% after agreeing to go private in a $1.3 billion deal, and Domino's Pizza fell 4.4% after scaling back its full-year sales outlook. Investors were also watching this week's September consumer and producer price readings and retail numbers, as well as comments from regional Fed presidents Thomas Barkin and Susan Collins.
