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. 474.47 -7.53 -1.56 937,692 Trade
UNH UnitedHealth Group Incorporated (DE) 174.88 0.25 0.14 2,010,757 Trade
GE General Electric Co 28.99 -0.09 -0.31 24,079,191 Trade
JNJ Johnson & Johnson 123.47 -0.27 -0.22 4,381,766 Trade
INTC Intel Corporation 36.15 -1.28 -3.42 56,769,258 Trade
IBM International Business Machines Corp 160.29 -0.03 -0.02 4,154,147 Trade
TXN Texas Instruments Incorporated 79.18 -1.62 -2.01 10,522,503 Trade
AMD Advanced Micro Devices Inc. 13.30 -0.32 -2.35 50,375,992 Trade
CSCO Cisco Systems Inc. 34.07 0.32 0.95 20,461,746 Trade
WHR Whirlpool Corporation 185.68 -0.18 -0.10 970,456 Trade
MCD McDonald\'s Corporation 139.93 -0.94 -0.67 4,779,887 Trade
PFE Pfizer Inc. 33.92 0.06 0.18 15,979,173 Trade
HPQ HP Inc. 18.82 0.05 0.27 7,956,877 Trade
HAL Halliburton Company 45.88 -0.52 -1.12 7,352,408 Trade
SLB Schlumberger N.V. 72.59 -0.25 -0.34 7,214,431 Trade
MSFT Microsoft Corporation 68.46 0.19 0.28 39,548,818 Trade
JPYGZ Jpm Chase Bk 17 Wts (May) n/a n/a n/a 0

Comments

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.

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…

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…