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
- All candidates forum comingKelowna - 8:57 pm
- Truck thief quickly nabbedPenticton / S. Okanagan - 7:11 pm
- Bobbitt hearing adjournedPenticton / S. Okanagan - 7:08 pm
- Development builds protestKelowna - 4:52 pm
|QHR Technologies Inc||1.17||+0.05|
|Anavex Life Sciences||0.192||+0.001|
|Copper Mountain Mining||2.17||+0.18|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||+0.01|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...