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Wall St mixed after earnings reports; Twitter plunges

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U.S. stock index futures edged higher on Thursday, as solid results from Microsoft, Lam Research and Tesla lifted sentiment following lackluster ...

REUTERS: A rise in shares of Microsoft and PayPal boosted the Nasdaq on Thursday, but poor earnings reports from Twitter and 3M dragged down the S&P 500 and Dow Jones indexes, taking the shine off what has been an upbeat earnings season so far.

The market is reacting to"micro volatility, which is driven by individual company names, and macro calm around trade," said Art Hogan, chief market strategist at National Securities in New York. White House trade adviser Peter Navarro said on Thursday the phase-one trade deal between Washington and Beijing would include much of an agreement scrapped in May around intellectual property.

Lam Research Corp jumped 10.6per cent, boosting the Philadelphia Semiconductor Index by 1.3per cent after the chip equipment maker forecast strong results for the December quarter.

 

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