Stocks fell Friday, with disappointing earnings results by
bellwether firms like Amazon.com (
) and Visa (
) keeping all of the major indices underwater today.
All 10-industry sectors in the S&P 500 finished the session
in the red, with consumer discretionary stocks taking the hardest
hits after AMZN posted a larger-than-expected net loss during its
June quarter and Starbucks (
) and Swift Transportation (
) warned future earnings may lag Wall Street expectations. Ongoing
tensions in the Middle East and Ukraine also continued to weigh on
equities, with gold futures also rising in haven-shopping by
Credit Card issurer Visa Inc. (
) also fell after cutting its future guidance, with the Dow Jones
Industrials Average component responsible much of the decline for
the blue-chip index today. V Chief Executive Charles Scharf said he
was "confident" headwinds now affecting the company will dissipate,
although ""what we don't know is the timing."
Commodities were mixed, with crude oil for September delivery
reversing small declines earlier today, settling with a 2-cent gain
at $102.09 per barrel while August natural gas fell 7 cents to
$3.78 per 1 million BTU. August gold added $12.80 to settle at
$1,303 per ounce while September silver climbed 23 cents to finish
at $20.64 per ounce. September copper retreated 3 cents to end at
$3.24 per pound.
Here's where the U.S. markets stood at the end-of-day:
Dow Jones Industrial Average down 123.23 (-0.72%) to
S&P 500 down 9.64 (-0.48%) to 1,978.34
Nasdaq Composite Index down 22.54 (-0.50%) to 4,449.56
Hang Seng Index up 0.31%
Shanghai China Composite Index up 1.02%
FTSE 100 Index down 0.44%
(+) NR, Adjusted Q2 EPS of $0.20 tops Wall Street forecasts by
$0.06 per share. Revenue advances 5.1% over the same quarter last
year to $272.5 mln, beating the Capital IQ consensus by $26.27
(+) DTLK, Q2 adjusted net income of $0.22 per share beats by
$0.09. Revenue climbs 7.8% over same quarter last year to $159.4
mln, topping consensus by $9.78 mln.
(+) LOCO, Shares of quick-service chicken meals surges in market
debut after earlier pricing its initial public offering of 7.14 mln
shares of its common stock at the top of its expected $13 to $15
per share range.
(-) BCOV, Shares plunge to a record low after the online-video
company forecasts revenue for the current quarter and FY14 ending
in December trailing analyst estimates, upstaging better than
expected Q2 results. At least two firms issue downgrades.
(-) PACB, Posts $19.1 mln net loss, or $0.27 per share,
improving on a $20.5 mln net loss and matching the Capital IQ
consensus. Revenue rose 89% year over year to $11.4 million, also
roughly in-line with the $11.39 million analysts were
(-) AMZN, Q2 net loss grows to $126 million, or $0.27 per share,
from a $7 million net loss last year and lagging the Capital IQ
consensus for the latest quarter by $0.12 per share. Revenue rose
23% year over year to $19.34 billion, matching analyst
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