Stocks Turn Negative on Mixed Earnings


Mixed corporate earnings and worries that China may need to fight rising inflation with higher interest rates has the U.S. markets reversing course after yesterday climbing to record highs. Reduced guidance from Catepillar ( CAT ) and Broadcom ( BRCM ) is overshadowing better-than-expected earnings from Dow component Boeing ( BA ), with the aircraft manufacturer appearing to overcome safety concerns over the lithium-ion batteries in its Dreamliner 787 jetliners to post a 16% year over year gain in earnings and lifting its stock price to a new record high.

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

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

This article appears in: Investing , Commodities

Referenced Stocks: BA , BRCM , CAT

Find a Credit Card

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