Stocks Mostly Lower but Tech Standouts Keep Losses Small; Dec. Home Sales Also Bullish

By Staff,

Shutterstock photo

Stocks are slightly lower at mid-day, taking a breather following three days of gains although the Dow Jones Industrial Average is holding onto a 0.3% rise largely supported by three large technology companies that topped analyst projections with their quarterly earnings last night. The gains by Microsoft ( MSFT ), Intel ( INTC ) and IBM ( IBM ) also are working to offset declines by General Electric Co. ( GE ) and American Express ( AXP ), two other Dow components today trading lower after their revenues in the December quarter failed to meet expectations.

It is a relatively light day for economic news, with sales of previously owned U.S. homes climbing for a third month during December to an annualized rate of 4.61 million homes, its highest level in nearly a year. Commodities are mostly lower, although gold is up about $4 to $1,658 an ounce.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AXP , GE , IBM , INTC , MSFT

More from MT Newswires


MT Newswires

MT Newswires

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by