| Earnings Send Dow Up While S & P Down |
 |
 |
 |
| Thursday, 22 April 2010 11:10 | |||||||
Page 1 of 2 New
York - The stock market ended on Wednesday varied, because the Dow and
Nasdaq struggled out of the red ink with a stack of new earnings
reports are positive.
Dow Jones Industrial Average rose 7.86 points (0.07 percent) to close at 11124.92 points. Technology-heavy Nasdaq composite index added 4.30 points (0.17 percent) to close at 2504.61 while the broader-market Standard & Poor's 500 index fell 1.24 points (0.10 percent), ending at 1205.93. Dow shares rise, led by Boeing, which posted a loss of 15 percent in the first quarter, but beat market expectations. Company based in Chicago, one of the world's largest aircraft manufacturer, said shipments of commercial aircraft fell by more than a tenth of the period, so that its profit dropped to 519 million, down 101 million dollars to the first quarter last year. Share prices rose 3.85 percent to 74.16 dollars per share. "Low Expectations for the report," said Joseph Hargett, an analyst at Schaeffers Research Investments. Elsewhere, Apple's stock price soared to new highs during the day, ending at 259.22 dollars per share after enjoying the best quarter on record. Companies say, first three months of this year saw profits nearly doubled in the midst of selling "shocking" legiunnya iPhone and Macintosh computers. Financial shares also recovered, with Morgan Stanley rose more than four percent after strong earnings record. U.S. investment bank reported income of 1.8 billion dollars in the first quarter of 2010, reversing loss last year because it went further than the edge. As the star of growth, institutional securities business companies based in New York, which was associated with institutional clients, reversing losses of 17 million dollars in the first quarter 2009. Among the Dow stocks that lost only 3.66 percent of Merck in the midst of the disappointment of a full year profit projection of two other pharmaceutical companies. ATandT, which was previously reported that its earnings fell 21 percent to 2.6 billion dollars for the first quarter of 2010 seen its shares closed down 1.2 percent. Bond prices rose. Results of U.S. Treasury bonds fell to 10-year 3.736 percent from 3.799 percent on Tuesday and the 30-year bond fell to 4.616 percent from 4.673 percent. Results and bond prices move in opposite directions. | Antaranews.com | tenderoffer.biz |
|
Legitimacy & Law
About Us
Trusted Partner
