REUTERS: U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.
Microsoft Corp rose 3.7per cent, briefly crossing US$1 trillion in market value, after the software giant beat estimates for quarterly results and predicted continued growth for its cloud computing business. The S&P 500 has rallied this year, rebounding from a late-2018 slump, on hopes of a U.S.-China trade deal and a dovish tilt from the Federal Reserve. The index is 0.6per cent below its record high hit in late September.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall Street edges lower, energy stocks fall[NEW YORK] The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street opens flat after mixed earnings from industrialsREUTERS: U.S. stocks opened little changed on Wednesday after a record-setting rally in the previous session, weighed down by mixed results from ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street dips ahead of earnings delugeU.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Stock futures point to flat Wall Street open as earnings roll inU.S. stock index futures pointed to a subdued opening on Wall Street on Tuesday, as investors parsed through a fresh batch of reports from ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »