(CNBC) — The S&P 500 traded flat Tuesday as traders digested a slew of earnings reports and their implications for the U.S. economy.
The Dow Jones Industrial Average and S&P traded flat. The Nasdaq Composite lost 0.2%.
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Major benchmarks fluctuated as investors assessed the latest batch of key earnings reports. Despite a tough economic environment, Bank of America surpassed first-quarter expectations on the top and bottom lines as rates rose. Johnson & Johnson’s stock fell 2.5% even after it beat estimates and raised its 2023 guidance.
