Midway through trading Friday, the Dow traded down 0.17
percent to 15,522.35 while the NASDAQ tumbled 0.70 percent to
3,585.86. The S&P also fell, dropping 0.09 percent to
Top Headline General Electric (NYSE:
) reported a 0.9 percent rise in its second-quarter earnings.
GE's quarterly profit surged to $3.13 billion, or $0.30 per
share, from $3.11 billion, or $0.29 per share, in the
year-earlier period. Its operating earnings declined to $0.36
from $0.38 per share. Its revenue dropped 3.5 percent to $35.12
billion. However, analysts were projecting earnings of $0.35 per
share on revenue of $35.56 billion. Its total costs and expenses
declined 2.5 percent to $31.39 billion. Revenue from GE Capital
dropped 3.3 percent to $10.98 billion.
Equities Trading UPSkyworks Solutions (NASDAQ:
) shot up 7.31 percent to $24.09 after the company reported
upbeat third-quarter profit. Shares of Synovus Financial (NYSE:
) got a boost, shooting up 5.02 percent to $3.25 after the
company announced the pricing of common stock offering. The
company reported a rise in its Q2 net income. Schlumberger (NYSE:
) was also up, gaining 4.46 percent to $81.98 on upbeat Q2
Equities Trading DOWN Shares of Microsoft (NASDAQ:
) were down 9.76 percent to $31.98 after the company reported
downbeat FQ4 earnings. Community Health Systems (NYSE:
) was down, falling 8.75 percent to $43.17 after the company
issued weak Q2 outlook. Advanced Micro Devices (NYSE:
) shares tumbled 15.12 percent to $3.94 after the company posted
a loss in the second quarter.
Commodities In commodity news, oil traded up 0.53 percent to
$108.61, while gold traded up 0.67 percent to $1,294.10. Silver
traded up 0.34 percent Friday to $19.46, while copper rose 0.45
percent to $3.15.
Euro zone European shares were mostly lower today. The Spanish
Ibex Index fell 0.48 percent and the Italian FTSE MIB Index
gained 0.18 percent. Meanwhile, the German DAX declined 0.21
percent and the French CAC 40 fell 0.26 percent while U.K. shares
dropped 0.29 percent.
Economics On the economics calendar Friday, there is no
important data due out.
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