Stocks slipped on Tuesday as investors digested a sharp rebound from a strong sell-off last week.US Marketsread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
The FDIC on Tuesday voted to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
At least three children held in detention centers at the Mexican border have died, in part, from the flu, a group of doctors say.Health and Scienceread more
The report was conducted by Senator Jon Kyl, R-AZ, and a team of lawyers who interviewed conservatives who use ans study Facebook.Technologyread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
Energy stocks may be fueling up for a comeback rally. One technical analyst says that after the sector's pummeling, these two stocks look particularly good.Trading Nationread more
U.S. interest rates will keep falling and follow global interest rates all the way down to zero, hedge fund manager Kyle Bass said.Marketsread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)
* Qualcomm surges on surprise settlement with Apple
* Healthcare stocks fall for 2nd straight day
* China's Q1 growth unexpectedly steadies
* IBM falls after revenue miss and weighs on the Dow
* Indexes off: Dow 0.18 pct, S&P 0.16 pct, Nasdaq 0.13 pct (Updates to open)
April 17 (Reuters) - U.S. stocks gave up early gains to trade marginally lower on Wednesday, as healthcare stocks continued a decline from the previous session, countering a rally in chipmakers led by Qualcomm and robust economic data out of China.
The S&P healthcare index fell 1.7% as insurers and hospital operators dropped on ongoing concerns about potential changes to healthcare policy. The sector is on track to wipe out year-to-date gains.
China's economy grew at a steady 6.4% pace in the first quarter, defying expectations for a further slowdown, adding to optimism that the economy may be starting to stabilize even as Beijing and Washington appear moving closer to a trade deal.
Qualcomm Inc surged 15.1% after the company won a major victory in its legal dispute with Apple Inc that called for the iPhone to once again use Qualcomm modem chips.
The Philadelphia chip index jumped 2.65%, and the broader technology sector gained 0.65%.
"We've had a tailwind from Chinese economic data, and in general earnings reports have been mixed, but for the most part it was better-than-feared," said Art Hogan, chief market strategist at National Securities in New York.
"We've bounced up to a level where we are pretty fairly valued and we are going to need something significantly new like the U.S.-China trade deal for a higher estimate in 2019."
United Continental Holdings Inc rose 5% after reporting a better-than-expected jump in quarterly profit and fueled a 1.4% jump in the Dow Jones transport index.
The Nasdaq 100 touched a record intraday high, surpassing its highest level hit in early October.
At 10:10 a.m. ET, the Dow Jones Industrial Average was down 48.06 points, or 0.18%, at 26,404.60. The S&P 500 was down 4.58 points, or 0.16%, at 2,902.48 and the Nasdaq Composite was down 10.60 points, or 0.13%, at 7,989.62.
International Business Machines Corp fell 4.1%, and weighed on the Dow, after reporting a bigger-than-expected drop in quarterly revenue.
Of the 54 S&P 500 companies that have posted so far, about 80% have beaten estimates, according to Refinitiv data.
Analysts now expect first-quarter S&P 500 profits to have dropped 1.8% year-on-year. Though a solid improvement over recent estimates, it would still mark the first earnings contraction since 2016.
Among other earnings, Morgan Stanley rose 1.4% after its quarterly profit beat expectations, wrapping up earnings for big U.S. banks.
PepsiCo Inc rose 2% after quarterly results beat Wall Street estimates.
Netflix Inc shares fell 1.5 percent in volatile trading. The video streaming service provider gave a weak forecast but beat quarterly estimates.
Advancing issues outnumbered decliners by a 1.87-to-1 ratio on the NYSE and by a 1.25-to-1 ratio on the Nasdaq.
The S&P index recorded 35 new 52-week highs and two new lows, while the Nasdaq recorded 48 new highs and nine new lows. (Reporting by Amy Caren Daniel, Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)