Equities Market Recap: Stocks End Winning Streak as Earnings Dissapoint

Brittney Barrett  |

U.S. stocks slid on Monday, breaking a strong three day streak, as lower commodity prices forced down energy and raw-material producers. The Dow Jones Industrial Average sunk 26.11 points, or 0.21 percent, to 12,480 for the day while the S&P 500 dipped 2.3 points, or 0.16 percent, to 1,335 and the Nasdaq Composite gained 5.7 points, or 0.2 percent, to 2,825.88.

Positive earnings reports from last week receded from the spotlight today as companies released disappointing results. Kimberly-Clark (KMB) fell 2.74 percent for the day or 1.81 point after revealing an 8.9 percent decrease in first-quarter earnings. The $1.09 per share earnings were lower than analyst expectations of $1.17 per share

Thomson Reuters/Jefferies CRB Index of commodities slipped 0.2 percent today, pushing down shares of energy companies including Marathon Oil Corp. (NYSE: MRO) and Nucor Corp (NYSE: NUE).

The dollars weakness persisted today, driving gold up $5.40, or 0.36%, to $1,509 a troy ounce, closing at another record high.

Elsewhere in stocks, Investors demonstrated faith in Ford (NASDAQ: F) today, adding 0.71 percent to shares despite plants in Taiwan, China and South America struggling to resume full production since in the earthquake in Japan.

Merck (NYSE: MRK) added 0.85 percent today on the news that its hepatitis drug, Boceprevir, successfully eliminated the virus in 75% of patients. Lingering anxiety over potential side effect, including anemia and psychiatric consequences remain; however.

The volume today was the lowest recorded for the year.

 

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Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

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