🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Stocks- Wall Street Mixed Amid Earnings Results

Published 10/31/2017, 10:11 AM
© Reuters.  Wall Street mixed amid earnings results.
UK100
-
XAU/USD
-
US500
-
FCHI
-
DJI
-
DE40
-
ES35
-
STOXX50
-
QCOM
-
MA
-
PFE
-
SONY
-
MU
-
K
-
DX
-
GC
-
CL
-
IXIC
-
UA
-

Investing.com – Stocks were mixed on Tuesday amid strong earnings results as investors digest economic data.

The S&P 500 rose two points or 0.10% as of 9:44 AM ET (1:45 PM GMT) while the Dow composite slipped two and a half points or 0.01% . Tech heavy NASDAQ Composite gained 18 points or 0.28%.

Food manufacturer Kellogg Company (NYSE:K) jumped 7.97% after its earnings results came in higher than expected, while Sony Corp ADR (NYSE:SNE) increased 12.61% after the firm forecast a record annual profit as its sensor sales rose. Meanwhile semiconductor Micron Technology Inc (NASDAQ:MU) rose 5.44%.

Among the worst performers were Under Armour Inc C (NYSE:UA) which slumped 12.08% after it slashed its full-year outlook. Biopharmaceutical firm Pfizer (NYSE:PFE) slipped 1.27% despite posting higher than expected third quarter results while Mastercard Inc (NYSE:MA) inched down 0.08% despite reporting higher profits due to increased consumer spending. Qualcomm (NASDAQ:QCOM) was down 6.88% amid news that Apple (NASDAQ:AAPL) was considering not using the firm’s chips in its next iPhone.

In economic news, the Chicago PMI new orders was at its highest since 1974, while consumer confidence rose to 125.9 in October. The Federal Open Market Committee begins its two-day meeting on Tuesday, as investors wait to see if the strengthening of the United States economy is enough for the Fed to increase interest rates.

In Europe, stocks remained at five-and-a-half month highs. France’s CAC 40 inched forward seven points or 0.13% and in London the FTSE 100 fell half a point or 0.01%. Spain’s IBEX 35 jumped 54 points or 0.52%. Meanwhile the pan-European Euro Stoxx 50 increased eight points or 0.22%. In Germany the DAX was closed for a national holiday.

In commodities, gold futures fell 0.57% to $1,270.43 a troy ounce while crude oil futures was down 0.13% to $54.08 a barrel. The U.S dollar index, which measures the greenback against a basket of six major currencies, increased 0.16% to 94.53.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.