Major equity indexes in the United States started the day mixed on Tuesday as investors are assessing the latest batch of first-quarter earnings reports. As of writing, the Dow Jones Industrial Average was up 0.05% on the day while the S&P 500 and the Nasdaq Composite were falling 0.25% and 0.7%, respectively.
Google parent Alphabet’s stocks came under a strong selling pressure today after the company reported a revenue of $36.34 billion in the first quarter, which fell short of the market expectation of $37.33 billion. In the early trade, shares of the company are down more than 8%, weighing on the S&P 500 Communications Services Index and forcing it to lose more than 2%.
On the other hand, the S&P 500 Energy Index is leading the gains by adding more than 0.55% on the back of rising crude oil prices amid the turmoil in Venezuela.
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