Stocks were lower in intraday trading on Tuesday, April 20.
And this comes after the Dow and the S&P 500 came off of record highs and investors turned their attention to earnings.
Eighty-one of the 500 members in the S&P 500 index are expected to report earnings this week. According to FactSet, Wall Street expects an increase in earnings of more than 24% for companies in the broad market index, TheStreet's Joseph Woelfel noted.
Then there are earnings from United Airlines and IBM.
IBM reported better-than-expected first-quarter earnings and revenue and reiterated that it expects an increase in 2021 revenue.
Revenue of $17.7 billion rose 1% from a year earlier and topped analysts' forecasts of $17.3 billion. Total cloud revenue in the quarter jumped 21% to $6.5 billion, while sales at IBM's cloud and cognitive software unit rose nearly 4% to $5.4 billion.
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