Friday, October 24th11.1°C
23840
23778

US stocks end mostly lower after UPS, GE and others issue disappointing results

NEW YORK, N.Y. - Weak earnings from big U.S. companies are nudging the stock market lower.

United Parcel Service, General Electric and others issued disappointing results or forecasts.

The Standard & Poor's 500 index fell seven points, or 0.4 per cent, to close at 1,838 Friday.

The Nasdaq fell 21 points, or 0.5 per cent, to 4,197.

The Dow Jones industrial average rose, but mostly because of large gains in American Express and Visa.

The Dow rose 41 points, or 0.3 per cent, to 16,458. Without the gains from Amex and Visa, the average would have been much lower.

Amex reported late Thursday that its income more than doubled in the fourth quarter.

Student loan company SLM fell 10 per cent after its earnings missed expectations. The stock fell the most in the S&P 500 index.

The Canadian Press


Read more Business News

23028


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23825

FEATURED Property
2089049Triplex with basement suite
$315,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22632