US stocks edge lower as mixed earnings and escalating tensions in Ukraine weigh on the market
NEW YORK, N.Y. - U.S. stocks are ending slightly lower as corporate earnings come in mixed, overcoming enthusiasm about a pickup in hiring last month.
Escalating tensions in Ukraine also weighed on the market Friday.
LinkedIn slumped 8 per cent after reporting its largest quarterly loss since going public. Estee Lauder rose 5 per cent after its earnings beat analysts' estimates.
The Standard & Poor's 500 index lost two points, or 0.1 per cent, to 1,881.
The Dow Jones industrial average fell 46 points, or 0.3 per cent, to 16,512. The Nasdaq composite fell three points, 0.1 per cent, to 4,123.
The government reported that U.S. employers added 288,000 jobs in April, the most in two years.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.59 per cent, near its lowest level of the year.
Read more Business News
- RDCO Diesel Spill UpdateKelowna
- Challenge pro field heats upPenticton / S. Okanagan
- Knox, Dilworth parks reopenKelowna
- Underwear run a big hitPenticton / S. Okanagan
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.265||+0.005|
|Copper Mountain Mining||2.99||+0.11|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.26||+0.045|
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...