Stocks fell slightly on Tuesday as investors digested the first batch of corporate earnings and looked for updates on a stimulus package.
The Dow Jones Industrial Average dipped 130 points, or 0.5%. The S&P 500 slid 0.5%. The Nasdaq Composite pulled back by 0.3%.
JPMorgan Chase reported better-than-expected results for the third quarter. Johnson & Johnson, another Dow component, posted earnings that beat analyst expectations and raised its full-year profit guidance. However, J&J shares were down 2% after the company paused its coronavirus vaccine trial after an “adverse event” was reported.
Asset-management giant BlackRock saw its shares gain 2.8% after the company reported earnings that beat analyst expectations. BlackRock also said its assets under management grew to $7.81 trillion from $7.32 trillion in the