Arab Today, arab today us stocks mixed amid earnings deluge
Last Updated : GMT 04:02:51
Arab Today, arab today
Arab Today, arab today

US stocks mixed amid earnings deluge

Arab Today, arab today

Arab Today, arab today US stocks mixed amid earnings deluge

Dow Jones Industrial Average
New York - AFP

US stocks were mixed early Thursday on a heavy day of corporate earnings, as Wall Street sought to reverse a two-day skid that cut nearly 500 points off the Dow.
About 40 minutes into trade, the Dow Jones Industrial Average stood at 17,233.98, up 42.61 points (0.25 percent).
The broad-based S&P 500 slipped 0.16 (0.01 percent) to 2,002.00, while the tech-rich Nasdaq Composite Index dipped 7.54 (0.16 percent) to 4,630.45.
Earnings from Colgate-Palmolive, Facebook and Ford Motor all topped expectations, although Chinese Internet shopping giant Alibaba reported weak sales and several other companies offered disappointing forecasts.
Initial jobless claims, an often-volatile sign of the pace of US layoffs, plunged to the lowest level in nearly 15 years last week, the Department of Labor reported.
Markets had dropped sharply Wednesday on worries about the strong US dollar, plunging oil prices and eurozone uncertainty after the radical-left Syriza party's victory in the Greek election
Dow member McDonald's jumped 4.1 percent after the struggling fast-food giant announced Don Thompson will step down as chief executive and will be replaced by company veteran and chief brand officer Steve Easterbrook.
Alibaba slumped 10.0 percent after sales for the December quarter came in at $4.22 billion. That was 40 percent above the year-ago period, but below the $4.45 billion projected by analysts.
The company also hit back at a Chinese regulator that accused Alibaba of selling fake good and labeled its executives "arrogant."
Yahoo, which Tuesday announced plans to spin off a large Alibaba stake, fell 8.6 percent.
Facebook dipped 0.4 percent after fourth-quarter earnings jumped 34 percent to $701 million. However fourth-quarter costs and expenses rose 87 percent from a year ago to $2.7 billion. The company invested heavily in 2014 to beef up its mobile technology presence.
Colgate-Palmolive shot up 5.9 percent as fourth-quarter earnings rose 11.3 percent to $628 million. The maker of toothpaste and other consumer staples beat analyst expectations despite the drag from the higher dollar.
Chocolate maker Hershey fell 6.2 percent as it projected 2015 earnings of $4.30-$4.39 per share, below the $4.46 forecast by Wall Street analysts. The company said growth in advertising spending, including ramped-up investment in mobile communication, will outpace net sales growth.
Bond prices fell. The yield on the 10-year US Treasury rose to 1.75 percent from 1.72 percent Wednesday, while the 30-year advanced to 2.31 percent from 2.29 percent. Bond prices and yields move inversely.

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 mixed amid earnings deluge Arab Today, arab today us stocks mixed amid earnings deluge

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
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 Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
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 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

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
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 UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
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 Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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