Stocks turned mixed in late morning trading on Wall Street as investors review the latest corporate earnings and prepare for higher interest rates.
The S&P 500 fell 0.1% as of 11:52 a.m. Eastern.
UnitedHealth Group's fourth-quarter profit soared as the nation's largest health insurance provider branched deeper into offering care as well as covering the bills.
The health care giant said Wednesday that operating earnings from its Optum division grew nearly 10% to $3.4 billion in the quarter.
A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week.
The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down about 1% earlier in the day.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Sherwin-Williams Co., down $8.93 to $308.46.
The paint maker reported disappointing fourth-quarter earnings as raw materials shortages and supply chain problems crimped operations.
NEW YORK (AP) — Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.
But Inflation is clouding the outlook for 2022, based on comments from bank executives to reporters and industry analysts.
NEW YORK (AP) — JPMorgan Chase says fourth-quarter profits fell 14% from a year earlier, due to a weaker performance from its trading desk and higher compensation expenses for employees.
Even with the weaker quarter, JPMorgan had a record annual profit, nearly $50 billion.