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US indices mixed as earnings reports continue to roll in

  • Regular
  • US Market
  • 5 months ago
  • 75

US indices were slightly mixed as another round of earnings reports were posted.

The DJIA advanced by a slight 0.2%, meanwhile both the S&P 500 and the Nasdaq fell by 0.2% and 0.8% respectively.

As far as earnings reports, most came in above the analysts’ expectations, however, some companies did not manage to break into that club.

Pfizer Inc. rose by 3.1%, with 3M Co. and HCA Healthcare both gaining 1.9% and 4.8% after beating fourth quarter estimates.

Xerox posted huge gains as shares surged by 11%, meanwhile Verizon Communications Inc. fell by 3.3% as their fourth quarter results came into a mixed bag of numbers that were not so uplifting.

Legendary motorbike manufacturer, Harley-Davidson fell by 5.1% as profits came in lower than expected and PG&E Corp. powered by 17% following their filing of chapter 11 bankruptcy protection and reorganization.

 

 

Source: Smart Trend Team