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 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:


Symbol Name Price Change % Volume
CMG Chipotle Mexican Grill Inc. 422.50 82.98 24.44 7,034,584 Trade
UNH UnitedHealth Group Incorporated (DE) 237.03 2.13 0.91 2,252,787 Trade
GE General Electric Co 14.38 0.33 2.35 64,876,511 Trade
JNJ Johnson & Johnson 128.01 1.25 0.99 8,211,074 Trade
INTC Intel Corporation 53.05 1.67 3.25 39,583,979 Trade
IBM International Business Machines Corp 146.72 0.78 0.53 4,265,812 Trade
TXN Texas Instruments Incorporated 102.72 -0.28 -0.27 6,672,907 Trade
AMD Advanced Micro Devices Inc. 11.04 1.33 13.70 145,287,794 Trade
CSCO Cisco Systems Inc. 44.21 0.50 1.14 20,549,656 Trade
WHR Whirlpool Corporation 155.85 0.37 0.24 1,120,827 Trade
MCD McDonald\'s Corporation 158.90 2.96 1.90 3,680,630 Trade
PFE Pfizer Inc. 36.85 0.17 0.46 19,360,179 Trade
HPQ HP Inc. 21.48 0.17 0.80 5,632,122 Trade
HAL Halliburton Company 52.60 0.85 1.64 7,121,547 Trade
SLB Schlumberger N.V. 69.47 0.37 0.54 8,144,962 Trade
MSFT Microsoft Corporation 94.26 1.95 2.11 42,531,554 Trade
JPYGZ Jpm Chase Bk 17 Wts (May) n/a n/a n/a 0


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