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.
Read more Business News
- Few issues, lots of fun at COGKelowna
- Botanie fire: Alerts rescindedBC - 6:10 am
- Lightning strikes 14 in LAWorld
- Conservatives elect Penticton manPenticton / S. Okanagan
|QHR Technologies Inc||1.15||-0.02|
|Anavex Life Sciences||0.275||-0.005|
|Copper Mountain Mining||2.79||-0.03|
|Sunrise Resources Ltd||0.05||+0.025|
|Mission Ready Services||0.19||+0.01|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...