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
AMD Advanced Micro Devices Inc. 6.32 -0.23 -3.51 29,880,788
CMG Chipotle Mexican Grill Inc. 419.88 6.07 1.47 1,070,845
CSCO Cisco Systems Inc. 31.07 -0.27 -0.86 20,361,549
GE General Electric Co 29.54 -0.35 -1.17 25,905,794
HAL Halliburton Company 41.38 -0.46 -1.10 9,322,495
HPQ HP Inc. 15.02 -0.07 -0.46 7,484,534
IBM International Business Machines Corp 153.98 -1.00 -0.65 2,533,375
INTC Intel Corporation 36.65 -0.54 -1.45 25,518,796
JNJ Johnson & Johnson 117.78 -1.03 -0.87 5,998,854
JPYGZ Jpm Chase Bk 17 Wts (May) n/a n/a n/a 0
MCD McDonald\'s Corporation 116.53 -0.64 -0.55 3,022,356
MSFT Microsoft Corporation 56.90 -0.53 -0.92 21,688,720
PFE Pfizer Inc. 33.64 -0.62 -1.81 29,525,632
SLB Schlumberger N.V. 75.58 -0.34 -0.45 5,499,276
TXN Texas Instruments Incorporated 68.42 -0.56 -0.81 3,475,623
UNH UnitedHealth Group Incorporated (DE) 139.72 -0.79 -0.56 2,636,458
WHR Whirlpool Corporation 160.61 -1.56 -0.96 569,722

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