Stocks End The Week With Mixed Results As Earnings Reports Flood In

Michael Teague |

With a dearth of economic data points, stocks ended Friday on mixed results after a week that saw the Standard & Poor’s 500 and the Dow Jones Industrial Average make consistent and significant gains.

The S&P 500 ended the day on a slight gain of 0.16 percent to close out the week at yet another all-time high finish of 1,692.09, while the Dow nudged down 0.03 percent to end the day at 15,543.74, and the NASDAQ dropped 0.66 percent to 3,587.61.

A flood of earnings reports took precedence over economic news, as tech stocks put tremendous downward pressure on the S&P. Microsoft (MSFT) tumbled over 11 percent to $31.47 after reporting earnings that came in shy of already weak estimates, sending shares for Hewlett-Packard (HPQ) down over 4 percent, while IBM (IBM) and Advanced Micro Devices (AMD) also took on heavy losses.



The benchmark index managed to stay in positive territory, however, on the strength of impressive earnings report releases from General Electric (GE) , Chipotle Mexican Grill (CMG) , Whirlpool Corp (WHR) , and oilfield services company Schlumberger Ltd. (SLB) .

Tech was also a huge drag on the Dow, with Intel (INTC) and Cisco Systems (CSCO) joining the list of the day’s loser. Healthcare stocks picked up some of the slack, with Johnson & Johnson (JNJ) , Pfizer (PFE) , and Unitedhealth Group (UNH) all posting gains.

Heading into next Monday investors will be looking forward to earnings releases from Texas Instruments (TXN) , Halliburton (HAL) , and McDonald’s (MCD)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
CMG Chipotle Mexican Grill Inc. 314.31 1.09 0.35 931,280 Trade
UNH UnitedHealth Group Incorporated (DE) 193.03 -2.18 -1.12 5,660,220 Trade
GE General Electric Co 24.87 0.12 0.48 39,717,546 Trade
JNJ Johnson & Johnson 131.39 -0.36 -0.27 4,334,862 Trade
INTC Intel Corporation 37.18 -0.02 -0.05 21,631,754 Trade
IBM International Business Machines Corp 145.13 -0.13 -0.09 2,792,323 Trade
TXN Texas Instruments Incorporated 88.27 2.22 2.58 6,440,948 Trade
AMD Advanced Micro Devices Inc. 13.30 -0.11 -0.82 50,546,957 Trade
CSCO Cisco Systems Inc. 33.37 0.67 2.05 28,234,858 Trade
WHR Whirlpool Corporation 175.23 2.54 1.47 939,925 Trade
MCD McDonald\'s Corporation 158.91 -0.12 -0.08 2,442,658 Trade
PFE Pfizer Inc. 35.96 -0.01 -0.03 14,605,376 Trade
HPQ HP Inc. 19.94 0.17 0.86 6,778,176 Trade
HAL Halliburton Company 44.25 0.77 1.77 9,209,116 Trade
SLB Schlumberger N.V. 68.80 0.71 1.04 6,797,576 Trade
MSFT Microsoft Corporation 74.41 0.20 0.27 14,111,365 Trade
JPYGZ Jpm Chase Bk 17 Wts (May) n/a n/a n/a 0

Comments

Emerging Growth

Winston Gold Corp.

Winston Gold Mining Corp is a mineral exploration and development company. The Company is engaged in acquiring, exploring, developing, and operating mining properties.

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.