US: S&P 500 inches down as investors digest more big bank earnings

THE benchmark S&P 500 edged lower on Tuesday (Jul 18) as investors digested earnings reports from top lenders Morgan Stanley and Bank of America, after the markets rallied last week in anticipation of the results and signs of inflation cooling.

The Dow Jones Industrial Average rose 11.73 points, or 0.03 per cent, at the open to 34,597.08.

The S&P 500 opened lower by 1.01 points, or 0.02 per cent, at 4,521.78, while the Nasdaq Composite dropped 32.70 points, or 0.23 per cent, to 14,212.25 at the opening bell. REUTERS