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. 305.63 18.98 6.62 2,742,393 Trade
UNH UnitedHealth Group Incorporated (DE) 229.37 3.35 1.48 3,621,676 Trade
GE General Electric Co 15.05 0.20 1.35 64,724,753 Trade
JNJ Johnson & Johnson 133.15 1.92 1.46 7,970,065 Trade
INTC Intel Corporation 45.56 -0.36 -0.78 21,475,207 Trade
IBM International Business Machines Corp 156.18 0.17 0.11 4,282,908 Trade
TXN Texas Instruments Incorporated 104.47 -0.10 -0.10 4,910,360 Trade
AMD Advanced Micro Devices Inc. 11.82 -0.37 -3.04 47,332,348 Trade
CSCO Cisco Systems Inc. 44.33 0.25 0.57 39,267,531 Trade
WHR Whirlpool Corporation 172.70 -4.04 -2.29 1,288,373 Trade
MCD McDonald\'s Corporation 157.79 -2.99 -1.86 7,165,793 Trade
PFE Pfizer Inc. 36.26 0.55 1.54 26,242,465 Trade
HPQ HP Inc. 21.40 -0.05 -0.23 6,082,225 Trade
HAL Halliburton Company 47.50 0.61 1.30 12,205,873 Trade
SLB Schlumberger N.V. 66.28 0.07 0.11 7,512,502 Trade
MSFT Microsoft Corporation 92.00 -0.66 -0.71 30,596,919 Trade
JPYGZ Jpm Chase Bk 17 Wts (May) n/a n/a n/a 0

Comments

Emerging Growth

Winston Gold Corp.

Winston Gold Mining Corp is a mineral exploration and development company. The Company is engaged in acquiring, exploring, developing, and operating mining properties.

Private Markets

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.