Arab Today, arab today us stocks drop on mixed earnings reports
Last Updated : GMT 21:13:05
Arab Today, arab today
Arab Today, arab today

US stocks drop on mixed earnings reports

Arab Today, arab today

Arab Today, arab today US stocks drop on mixed earnings reports

New York - AFP

US stocks fell Thursday for a second day in a row amid mixed earnings reports and gloomy sentiment over recent economic indicators. The Dow Jones Industrial Average was down 81.45 (0.56 percent) to 14,537.14. The broad-based S&P 500 fell 10.40 (0.67 percent) to 1,541.61, while the tech-rich Nasdaq Composite Index gave up 38.31 (1.20 percent) to 3,166.36. The losses followed disappointing economic reports out of the Federal Reserve Bank of Philadelphia and the Conference Board. Sentiment had already been downcast after the International Monetary Fund slashed its growth forecasts earlier in the week. \"Stocks have been under pressure throughout the session as investors respond to disappointing economic reports and mixed corporate earnings,\" said Wells Fargo in a market note. Investors are also skittish after some earnings disappointments in recent days. \"There is clearly some positioning going on,\" said Dan Greenhaus, chief global strategist of trading firm BTIG. \"People are just not comfortable right now.\" Many technology equities suffered losses. Apple, which Wednesday ceded to ExxonMobil its distinction as the company with the biggest market capitalization, dropped 2.7 percent. Google gave up 2.1 percent, IBM lost 1.2 percent and Microsoft slipped 0.1 percent. Online merchandiser eBay sank 5.9 percent after reporting higher profits but signaling that second-quarter results would drop below expectations. Morgan Stanley fell 5.4 percent after a mixed earnings report that showed a big drop in fixed income and commodities sales and trading revenue. Dow component UnitedHealth Group dipped 3.8 percent after reporting a 14.1 percent drop in year-over-year earnings. Other health care companies also fell, including Humana, which dropped 3.1 percent, and Aetna, which was down 2.0 percent. Dow component Verizon jumped 2.8 percent after posting a 24.3 percent rise in year-over-year quarterly earnings. The company said it expects continued growth in free cash flow and earnings throughout 2013. PepsiCo rose 3.0 percent, despite reporting a five percent drop in quarterly earnings. The company expects to return $6.4 billion to shareholders in dividends and share repurchases. Rail company Union Pacific jumped 4.0 percent after reporting an 11 percent increase in net income. Bond prices rose. The yield on the 10-year Treasury slipped to 1.69 percent from 1.70 percent late Wednesday, while the 30-year yield dropped to 2.86 percent from 2.89 percent. Bond prices move inversely to yields.

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*

Arab Today, arab today us stocks drop on mixed earnings reports Arab Today, arab today us stocks drop on mixed earnings reports

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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