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. 368.06 1.69 0.46 1,600,270
UNH UnitedHealth Group Incorporated (DE) 159.40 2.08 1.32 4,552,337
GE General Electric Co 31.60 0.43 1.38 32,896,981
JNJ Johnson & Johnson 111.10 -0.96 -0.86 11,761,134
INTC Intel Corporation 35.50 0.78 2.25 21,710,273
IBM International Business Machines Corp 164.79 4.44 2.77 4,435,050
TXN Texas Instruments Incorporated 72.20 0.83 1.16 6,045,939
AMD Advanced Micro Devices Inc. 9.56 0.11 1.16 54,897,332
CSCO Cisco Systems Inc. 29.95 0.62 2.11 30,180,093
WHR Whirlpool Corporation 173.80 4.40 2.60 1,005,621
MCD McDonald\'s Corporation 119.92 0.67 0.56 4,059,907
PFE Pfizer Inc. 31.19 -0.37 -1.17 44,053,675
HPQ HP Inc. 16.15 0.55 3.53 11,679,164
HAL Halliburton Company 53.54 -0.48 -0.89 8,987,054
SLB Schlumberger N.V. 84.35 0.39 0.46 5,138,922
MSFT Microsoft Corporation 61.37 1.42 2.37 30,808,969
JPYGZ Jpm Chase Bk 17 Wts (May) n/a n/a n/a 0

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