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)

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Companies

Symbol Name Price Change % Volume
CMG Chipotle Mexican Grill Inc. 428.56 -5.40 -1.24 365,615 Trade
UNH UnitedHealth Group Incorporated (DE) 268.95 -3.62 -1.33 1,612,351 Trade
GE General Electric Company 12.28 0.18 1.45 46,007,912 Trade
JNJ Johnson & Johnson 139.53 2.97 2.17 3,122,841 Trade
INTC Intel Corporation 45.91 -0.04 -0.08 6,724,783 Trade
IBM International Business Machines Corporation 136.22 -8.90 -6.14 10,500,831 Trade
TXN Texas Instruments Incorporated 102.11 -0.04 -0.04 1,719,451 Trade
AMD Advanced Micro Devices Inc. 27.32 -0.86 -3.05 54,976,826 Trade
CSCO Cisco Systems Inc. 45.90 0.08 0.17 7,644,755 Trade
WHR Whirlpool Corporation 109.10 0.73 0.67 331,944 Trade
MCD McDonald's Corporation 166.88 2.81 1.71 1,077,720 Trade
PFE Pfizer Inc. 44.70 0.77 1.74 7,669,080 Trade
HPQ HP Inc. 23.90 -0.07 -0.27 2,163,739 Trade
HAL Halliburton Company 39.79 -0.29 -0.72 2,658,238 Trade
SLB Schlumberger N.V. 59.08 -0.60 -1.01 2,153,013 Trade
MSFT Microsoft Corporation 110.71 -0.29 -0.26 10,711,947 Trade
JPYGZ JPMorgan Chase Bank NA New York Low Exercise Price Wt 05/15/2017 n/a n/a n/a 0

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