Arab Today, arab today us stocks fall amid glum earnings
Last Updated : GMT 11:39:24
Arab Today, arab today
Arab Today, arab today

US stocks fall amid glum earnings

Arab Today, arab today

Arab Today, arab today US stocks fall amid glum earnings

New York - AFP

US stocks closed lower Monday, unable to hold onto earlier gains amid weak corporate earnings and after the Federal Reserve left policies on hold as expected. The Dow Jones Industrial Average fell 25.19 points (0.19 percent), closing at 13,077.34. The broad-based S&P 500 shed 4.36 (0.31 percent) at 1,408.75, while the Nasdaq Composite lost 8.76 (0.29 percent) at 2,981.70. The indices had opened higher, lifted by optimistic forecasts by Boeing and Facebook and stronger than expected manufacturing data in China. Markets reacted little to the Fed\'s decision to keep ultra-low interest rates and its QE3 stimulus plan announced just six weeks ago unchanged. \"Lacking a big motivator, markets just slid into negative territory about an hour before closing,\" said Paul Ausic at 24/7WallSt.com. Cisco Systems was the steepest decliner on the Dow, down 3.4 percent, followed by Hewlett-Packard (-1.5 percent). Bank of America shed 0.5 percent after the Justice Department sued it for at least $1 billion for allegedly dumping dodgy mortgages on state-controlled mortgage financers Fannie Mae and Freddie Mac. United Technologies led blue-chip gainers, up 1.1 percent, while Boeing slipped 0.2 percent after reporting a fall in net earnings for the third quarter, but earnings per share, at $1.35, that came in well above analyst expectations of $1.13. Industrial leader Dow Chemical jumped 4.7 percent. Dow announced a 39 percent fall in quarterly profits but said it would slash 2,400 jobs, five percent of its global workforce, and cut back capital spending to generate $1 billion in savings by the end of 2014. Facebook charged 19.1 percent higher after spelling out to analysts late Tuesday that it was indeed bringing in money from users on mobile phones, with 14 percent of its advertising income coming from that area. \"I want to dispel this myth that Facebook can\'t make money on mobile,\" chief executive Mark Zuckerberg said. \"We\'re just getting started.\" Apple gained 0.6 percent after revealing its new iPad Mini and other products Tuesday; Microsoft was down 0.5 percent ahead of the release of its Windows 8 operating system. Bond prices were mixed. The yield on the 10-year US Treasury was unchanged from late Tuesday at 1.76 percent, while the 30-year edged up to 2.93 percent from 2.92 percent. Bond prices move inversely to yields.

arabstoday
arabstoday

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 fall amid glum earnings Arab Today, arab today us stocks fall amid glum earnings

 



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 fall amid glum earnings Arab Today, arab today us stocks fall amid glum earnings

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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