U.S. stocks fall on disappointing earnings; Dow dips 0.94%

By
A A A

Investing.com -

Investing.com - Weak fourth-quarter earnings sent U.S. stock prices falling on Friday, though solid consumer sentiment data cushioned losses.

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 Wal-Mart.

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% gain.

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 0.64%.

The Dow Jones Industrial Average's worst performers included Chevron, down 4.35%, Visa, down 2.54%, and Exxon Mobil, down 2.13.%.

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%.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!



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.



This article appears in: Investing , Forex and Currencies

Referenced Stocks:

Investing.com

Investing.com

More from Investing.com:

Related Videos

Stocks

Referenced

Most Active by Volume

44,823,339
  • $75.19 ▲ 0.28%
43,744,171
  • $3.44 ▼ 0.29%
42,340,022
  • $97.671 ▲ 0.66%
34,178,145
  • $17.62 ▼ 1.23%
34,028,998
  • $15.59 ▼ 0.19%
32,055,708
  • $21.23 ▼ 2.41%
31,539,235
  • $3.76 ▲ 0.80%
30,434,619
    $34.25 unch
As of 7/25/2014, 04:03 PM