Investing.com – Wall Street stocks were flat Tuesday morning despite positive earnings releases from financial giants Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS).
The S&P 500 rose half a point or 0.02% as of 10:03 AM ET (3:03 PM GMT) while the Dow composite inched forward 15 points or 0.07% and the NASDAQ Composite was flat.
Shares in Goldman Sachs Group Inc (NYSE:GS) fell 1.34% despite beating analyst expectations in its third quarter earnings release. Meanwhile Morgan Stanley (NYSE:MS) rose 1.80% after the morning bell as it reported higher than expected earnings in the third quarter.
Insurance firm Progressive Corporation (NYSE:PGR) was down 0.67% after it exceeded third quarter revenue forecasts. Health firm UnitedHealth Group Incorporated (NYSE:UNH) surged 5.25% after it reported its earnings, despite not meeting its expected third quarter revenue.
Other top movers included motorbike maker Harley-Davidson Inc (NYSE:HOG) jumped 1.80% after easily beating analysts’ expectations in its earnings release. Johnson & Johnson (NYSE:JNJ) shares rose 2.20% after it also beat forecasts in the third quarter.
Meanwhile General Electric (NYSE:GE) was down 1.24% while Netflix (NASDAQ:NFLX) fell 0.78% after it reported record subscriptions on Monday. Semiconductor firm Micron Technology Inc (NASDAQ:MU) decreased 1.17% and Boeing (NYSE:BA) slumped 0.49% as its aircraft deal with Iran remains uncertain after United States President Donald Trump said he could withdraw from the 2015 Iran nuclear deal.
In Europe stocks rose after a tumultuous Monday. Spain’s IBEX 35 rallied 108 points or 1.07% after Spain’s court ruled that Catalonia’s Oct. 1 referendum was illegal. In Germany the DAX rose 28 points or 0.22%, while in France the CAC 40 increased 13 points or 0.26%. London’s FTSE 100 jumped 18 points or 0.25% while the pan-European Euro Stoxx 50 surged 13 points or 0.36%.
In commodities, gold futures fell to $1,288.10 an ounce while crude oil futures increased to $51.97. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was up to 93.57.