Stock Market Today: Stocks Waver Amid a Flurry of Quarterly Reports
Mixed earnings and hawkish comments from Fed officials made for something of a seesaw session on Tuesday.


Equity markets had a hard time making up their minds Tuesday amid a heavy day of earnings reports from big banks and other blue chip stocks. Hawkish commentary from two Fed officials also caused markets to waver.
Dow stocks Johnson & Johnson (JNJ) and Goldman Sachs (GS) posted first-quarter results before the opening bell, as did Bank of America (BAC). Streaming media giant Netflix (NFLX) leads the earnings calendar with a report after the close.
Shares in J&J sold off despite the company easily topping Wall Street estimates on both the top and bottom lines. The healthcare giant also raised its earnings per share (EPS) forecast for the remainder of the year, and said that its intended separation of its consumer health business remains on schedule. But concerns over the company's litigation risk stemming from allegations that talc used in its iconic baby powder is carcinogenic weighed on JNJ stock.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
In the financial sector, Goldman Sachs' earnings exceeded analysts' consensus estimate, but revenue fell short. Disappointing results from fixed-income trading were mostly to blame, as the division was hurt by turmoil in the bond market. A slump in mergers and acquisitions and initial public offerings (IPOs) also weighed on results.
Bank of America had no such issues, with earnings and revenue coming in better than Street forecasts. The money center bank was aided by a 25% jump in net interest income, or the difference between what banks pay for deposits and charge for loans.
"Our results demonstrate how our company’s decade-long commitment to responsible growth helped to provide stability in changing economic environments," BofA CEO Brian Moynihan said in a statement.
Big banks have been less affected by the crisis roiling regional banks and have even enjoyed an influx of deposits from their smaller peers. But, as Goldman Sachs' results showed, a reliance on fees from investment banking activities can make them vulnerable in other ways.
"Bearish sentiment remains high, but earnings have been generally better than expected," said Louis Navellier, chairman and founder of Navellier & Associates. "The [investor fear gauge] VIX is at a low 17, and stocks remain near the highs for the year."
Mixed earnings and hawkish commentary from two Fed officials caused markets to struggle for direction throughout the session. Federal Reserve Bank of St. Louis President James Bullard remarked that he wants to combat inflation with another interest rate hike at the next Fed meeting. Fed Bank of Atlanta President Raphael Bostic likewise said Tuesday that he favors raising interest rates one more time.
At the close, the major benchmarks were essentially unchanged. The blue chip Dow Jones Industrial Average ticked down 0.03% to close at 33,976, while the broader S&P 500 added 0.08% to finish at 4,154. The tech-heavy the Nasdaq Composite slipped 0.04% to settle at 12,153.
The best blue chip dividend stocks
As rollicking as Tuesday's session may have been, the best blue chip dividend stocks usually prove their worth over the long haul. Their fortress balance sheets, reliable dividends, and ability to weather bouts of market volatility make them ideal buy-and-hold names.
The biggest blue chips also have massive market values and liquidity, which helps explain why so many are hedge funds' top picks. And, of course, the best dividend stocks for reliable dividend growth are littered with blue chip names.
That said, hardly every blue chip or Dow stock is Buy-rated. But it just so happens that a market-cap-weighted index of analysts' top-rated Dow dividend stocks has been beating the broader market handily over the past year or so.
Given that record, these blue chip dividend stocks, including Microsoft (MSFT), Coca-Cola (KO), and UnitedHealth Group (UNH), might be worth a closer look.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Dan Burrows is Kiplinger's senior investing writer, having joined the publication full time in 2016.
A long-time financial journalist, Dan is a veteran of MarketWatch, CBS MoneyWatch, SmartMoney, InvestorPlace, DailyFinance and other tier 1 national publications. He has written for The Wall Street Journal, Bloomberg and Consumer Reports and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among many other outlets. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange.
Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.
In his current role at Kiplinger, Dan writes about markets and macroeconomics.
Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.
Disclosure: Dan does not trade individual stocks or securities. He is eternally long the U.S equity market, primarily through tax-advantaged accounts.
-
Mom needs a nursing home. Should I spend down her assets so she qualifies for Medicaid?
We asked expert financial advisers for their advice.
-
Financial Fact vs Fiction: Why Your 'Magic Number' Isn't Actually Magical
Do you think you're diversified if you're invested in the S&P 500 and Nasdaq? Do you think your tax rate will fall in retirement? Think again — and read on for other myths that could be leading you astray.
-
Stock Market Today: Trump Reextends His Tariff Deadline
When it comes to this president, his trade war, the economy, financial markets and uncertainty, "known unknowns" are better than "unknown unknowns."
-
Stock Market Today: President Trump Reboots the Tariff Trade
A broad consensus that markets hate uncertainty more than anything else is being tested on an almost daily basis in 2025.
-
Stock Market Today: Another Quarter, More Mixed Price Action
"Up and to the right" remains the general trend despite persistent uncertainty around critical policy issues.
-
Are These the Next Stocks to Split?
Interactive Brokers' recently split its stock to makes its shares more accessible to investors. Could these high-priced stocks be next?
-
The Riskiest S&P 500 Stocks Right Now
Buyer beware: These are five of the riskiest stocks in the S&P 500 at the moment, based on one measure of volatility.
-
Stock Market Today: Stocks Chop as Chipmakers Decline
Several semiconductor stocks fell Friday on reports that the White House may consider revising license waivers for global chipmakers.
-
Stock Market Today: Wall Street Is Standing By
The waiting is the hardest part with trade war truce talks underway and inflation data on the way.
-
Stock Market Today: Stocks Stable as Inflation, Tariff Fears Ebb
Constructive trade war talks and improving consumer expectations are a healthy combination for financial markets.