Another mixed close for major US indices

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Another mixed close for major US indices

The major stock indices had  another mixed close with the S&P and Dow industrial average lower while the NASDAQ index rose modestly:

• Dow industrial average -6.71 points or -0.02% and 42924.89
• S&P index -2.78 points or -0.05% and 5851.20.
• NASDAQ index up 33.12 points or 0.18% at 18573.13
• Russell 2000 down -8.18 points or -0.37% at 2231.52

Texas Instruments reported better than expected EPS and revenues after the close but therefore guidance was week. As a result the stock is down -0.54% in volatile trading.

• EPS $1.47 versus $1.38 estimate
• Revenues $2.17 billion versus $2.12 billion
• Sees Q4 revenues at $3.7 billion - $4 billion versus expected $4.08 billion

Starbucks preliminary Q4 earnings-per-share are coming in weaker than expectations:

• EPS $0.80 versus $1.03 expected
• Revenues $9.1 billion
• Shares are trading down -2.81%

Seagate technologies:

• EPS $1.58 versus $1.47 expected
• Revenue $2.17 billion versus $2.12 billion estimate

In other news McDonald's is being linked to a severe E. coli outbreak with one person dead and 10 others hospitalized.

                This article was written by Greg Michalowski at www.forexlive.com.

Source: Another mixed close for major US indices

forexlive.com