Stocks Flat Near Record Highs As Earnings Ramp Up Ahead Of Big Economic Releases

SourceForbes
SectorEconomy
CountryMiddle east

Topline The major stock-market indexes are virtually flat ahead of big earnings and economic releases later in the week after taking a slight hit Monday, but investors are still optimistic details of a massive new stimulus plan on Thursday could push stocks to new highs. A trader works on the floor of the New York Stock Exchange (NYSE). © 2016 Bloomberg Finance LP Key Facts Shortly after the market open, the Dow Jones Industrial Average had climbed just 28 points, or less than 0.1%, while the S&P 500 and tech-heavy Nasdaq climbed about 0.1% and 0.2%, respectively. On the earnings front, shares of Kroger-parent Albertsons are up more than 4% following a better-than-expected quarterly report that included adjusted profits of $968 million, roughly 12% more than analysts had forecast.

Heading up gains in the S&P, shares of insurer Aflac are up 5%, nearly recouping all their Monday losses, after a Morgan Stanley upgrade Tuesday morning; elsewhere in the market, Shake Shack stock is up 3% after the firm previewed an upbeat earnings report and ...read more...