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Wall Street mixed after Pepsi, Morgan Stanley profits at Investing.com



© Reuters.

Investing.com – Wall Street was blended on Wednesday, even after busy earnings from Morgan Stanley and PepsiCo, while positive Chinese economic data eased global downturns.

Rosen 1 point or 0.05% of 9:47 ET (13:47 GMT), while it was down 41 points or 0.2% and the tech-heavy got 28 points or 0.4%.

China increased by 6.4% in the first quarter, as with and data, eased concerns that the second largest economy in the world is being lowered. Nevertheless, the US and China have not yet reached a trade agreement, and there are still concerns that growth may be temporary.

PepsiCo (NASDAQ 🙂 got 2.6%, that was better than expected, with organic sales by 5.2%. Qualcomm (NASDAQ 🙂 increased by 1

6% after increasing 23% on Tuesday after settling on Apple (NASDAQ 🙂 on a patent issue.

The last of the big banks reported, Morgan Stanley (NYSE 🙂 was up 0.6% after that than expected in a weak quarter. American Bancorp (NYSE 🙂 also joined other banks in one as market volatility ate for profit.

At the same time, CVS Health Corp (NYSE 🙂 fell 1.2%, while Abbott Labs (NYSE 🙂 went 2% despite reporting a strong first quarter. Health supplies were also down, with Anthem (NYSE 🙂 down 4.6% and UnitedHealth (NYSE 🙂 lost 3.3%.

In goods, it increased by 0.07% to $ 1,278.05 a troy ounce, while it increased by 0.3% to $ 64.20 per barrel. The one who measures the greenback against a basket with six main currencies was down slightly at 96,618.

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