S&P 500 Gains and Losses Today: Salesforce Slips Amid Informatica Acquisition Talks
Summary
The downturn came amid heightened geopolitical uncertainty and as earnings season kicks into gear, with major financial firms and other companies releasing quarterly results throughout this week. M&T Bank (MTB) shares jumped 4.7%, notching the strongest gains among S&P 500 stocks after the regional lender reported it cut its exposure to commercial real estate loans. Although the banks first-quarter earnings per share (EPS) fell slightly short of consensus estimates, net interest income matched forecasts. Shares of Goldman Sachs (GS) advanced 2.9% after the financial giants first-quarter revenue and net income came in well ahead of expectations. Centene (CNC) shares added 2.8% amid news the health insurer had retained a statewide Medicaid contract in Florida following the states re-procurement process.