sp 500 at new record on apple earnings dow drops
Last Updated : GMT 08:05:47
Arab Today, arab today
Arab Today, arab today

S&P 500 at new record on Apple earnings, Dow drops

Arab Today, arab today

Arab Today, arab today S&P 500 at new record on Apple earnings, Dow drops

Trader works in New York Stock Exchange
New York - AFP

The S&P 500 Wednesday closed at a new record high after strong Apple earnings lifted the tech sector on a mixed day for stocks.
The S&P 500 added 3.48 points (0.18 percent) at 1,987.01, breaching a record set three weeks ago by about three points.
The Dow Jones Industrial Average dropped 26.91 (0.16 percent) to 17,086.63, dragged down by a hefty fall by Boeing.
The tech-rich Nasdaq Composite Index jumped 17.68 (0.40 percent) to 4,473.70.
"There's less talk of geopolitical concerns, whether it be in Gaza or Ukraine, and more discussion of fundamentals," said Art Hogan, chief market strategist at Wunderlich Securities.
"On balance, earnings have been better than expected."
Apple, the biggest publicly traded company in the US, gained 2.6 percent on the Nasdaq as profits for its fiscal third quarter rose 11.6 percent to $7.7 billion due to strong demand for iPhones, particularly in China.
Boeing dropped 2.3 percent, the biggest Dow decliner, despite reporting second-quarter earnings that bested expectations by a wide margin and raising its full-year profit outlook. Analysts were troubled by a $272 million after-tax charge for a US Air Force tanker contract.
Caterpillar, another Dow component, lost 1.5 percent as it disclosed lower industrial machine sales for the last three months. The biggest declines came in the resources sector, which fell 49 percent in April and 38 percent in June. Caterpillar is to report quarterly earnings Thursday before the equities markets open.
PepsiCo rose 1.9 percent as second-quarter earnings of $1.32 per share bested analyst expectations by nine cents and the beverage company raised its full-year profit forecast.
Other companies that reported earnings included Biogen (+11.2 percent), Delta Air Lines (+3.9 percent), Dow Chemical (+3.0 percent), Freeport-McMoRan (-0.4 percent), Northrop Grumman (+0.1 percent), Weatherford International (+1.7 percent) and Whirlpool (+1.4 percent).
In non-earnings news, Puma Biotechnology bolted 295.4 percent higher to $233.43 after a trial of its neratinib treatment for breast cancer resulted in a 33 percent improvement in disease-free survival of the survey population. The company plans to file for regulatory approval for the medication in the first half of 2015.
Bond prices were mixed. The yield on the 10-year US Treasury fell to 2.46 percent from 2.47 percent Tuesday, while the 30-year held rose to 3.26 percent from 3.25 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sp 500 at new record on apple earnings dow drops sp 500 at new record on apple earnings dow drops

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sp 500 at new record on apple earnings dow drops sp 500 at new record on apple earnings dow drops

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday