Damian J. Troise, Associated Press Published 12:28 p.m. ET April 24, 2019
NEW YORK – U.S. stocks followed a record-setting day with more subdued trading Wednesday as investors continued digesting a steady flow of corporate earnings and a potential break in the trade war between the U.S. and China.
Stocks are essentially stalling and bond prices are rising as investors pull back into a more defensive position. Real estate companies and utilities, both typically considered less-risky investments, are gaining early, while health care companies and banks lag.
Analysts have been expecting a contraction in first-quarter corporate profits, but the results so far have been mostly solid. That trend continued with profit beats from e-commerce company eBay and industrial giant General Dynamics.
Anadarko surged as