People walk on Wall St. outside the New York Stock Exchange in New York August 7, 2019. — Reuters picNEW YORK, April 21 — The S&P 500 and the Dow Jones indexes were higher today after sliding for two straight sessions, while the Nasdaq remained muted as Netflix kicked off quarterly earnings for technology behemoths with a disappointing report.
“Netflix is weighing on the tech sector for sure this morning,” said Dennis Dick, head of markets structure and a proprietary trader at Bright Trading LLC in Las Vegas. The S&P 1500 airlines index was down 0.6 per cent, pulled lower by Alaska Air Group Inc and United Airlines Holdings Inc as concerns over a resurgence in coronavirus cases globally offset optimism about recovery in travel demand later in the year.
With the first-quarter earnings season picking up pace, analysts expect profit for S&P 500 companies to jump 31.9 per cent from a year earlier, according to Refinitiv IBES data.
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