Investing.com - Weak fourth-quarter earnings sent U.S. stock
prices falling on Friday, though solid consumer sentiment data
At the close of U.S. trading, the Dow Jones Industrial Average
fell 0.94%, the S&P 500 index fell 0.65%, while the Nasdaq
Composite index fell 0.47%.
Disappointing earnings from retailer Amazon and toymaker Mattel
sent stock prices falling on Friday, as did a profit forecast from
Ongoing concerns that emerging markets may be cooling also
pushed prices lower, though U.S. data curbed losses somewhat.
The Thomson Reuters/University of Michigan final index of U.S.
consumer sentiment came in at 81.2 in January, beating expectations
for a 81.0 reading.
Also in the U.S. official data revealed consumer spending rose
0.4% in December, beating expectations for a 0.2% reading though
personal income came in unchanged, missing expectations for a 0.0%
The data boosted spirits somewhat by painting a picture of a
U.S. economy moving along on its road to recovery at a time when
monetary policy still remains loose.
Leading Dow Jones Industrial Average performers included
Microsoft, up 2.43%, Caterpillar, up 0.74%, and Verizon, up
The Dow Jones Industrial Average's worst performers included
Chevron, down 4.35%, Visa, down 2.54%, and Exxon Mobil, down
European indices, meanwhile, finished lower.
After the close of European trade, the EURO STOXX 50 fell 0.31%,
France's CAC 40 fell 0.34%, while Germany's DAX 30 fell 0.71%.
Meanwhile, in the U.K. the FTSE 100 finished down 0.43%.
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