Wall Street mixed on earnings reports; trade worries resurface

REUTERS: The S&P 500 and Nasdaq index rose on Thursday, boosted by gains in Microsoft and PayPal, but Vice President Mike Pence's comments on China rekindled worries ahead of trade talks.

But the blue-chip Dow Jones index was in the red, dragged down by a 4.2per cent fall in shares of 3M Co after the industrial conglomerate lowered its full-year profit forecast. Data on Thursday was mixed as new orders for key U.S.-made capital goods fell more than expected in September, while a private survey showed higher-than-expected factory activity in the month of October.

Dow Inc gained 2.4per cent after the company exceeded profit estimates, while electric car maker Tesla Inc surged 16.7per cent on a surprise quarterly profit.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street treads water as chip stocks, Nike fallWall Street was supported by gains in Apple and Boeing shares on Wednesday, though weak earnings from Caterpillar and Texas Instruments raised ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall St opens mixed as Boeing offsets weak earnings reports[NEW YORK] US stocks opened mixed on Wednesday as Boeing rose after reaffirming the timeline for its grounded 737 MAX's return to service, countering losses from Caterpillar and Texas Instruments, which fell on weak forecasts. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall St mixed after earnings reports; Twitter plungesU.S. stock index futures edged higher on Thursday, as solid results from Microsoft, Lam Research and Tesla lifted sentiment following lackluster ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »