Wall St edges lower as bleak earnings overshadow rise in regional banks
newscatcher
2023-05-08 17:31
Wall St edges lower as bleak earnings overshadow rise in regional banks
NEW YORK Wall Street's main indexes were flat on Monday, as bleak earnings from companies including Tyson Foods and Catalent clouded a rebound in regional lenders ahead of a key inflation reading this week. Shares of Catalent Inc tumbled 26.0%, the biggest decliner on the benchmark S&P 500 index, as the contract drug manufacturer saw lower revenue and core profit in 2023. Tyson Foods dropped 12.3% on posting a surprise second-quarter loss and cutting its full-year revenue forecast, as prices for its beef and pork declined.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-09-story-h-271450287-Wall_St_edges_lower_as_bleak_earnings_overshadow_rise_in_regional_banks

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