U.S. equities ended essentially unchanged in Friday’s lackluster trading session, as investors weighed a batch of underwhelming tech earnings reports. Tech-giants Google (GOOG) and Microsoft (MSFT) posted dismal quarterly results after the closing bell on Thursday, with earnings and revenues coming in well bellow analyst expectations. General Electric (GE) and Honeywell (HON), however, managed to post encouraging second quarter results [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks Finish Flat, XLK Tumbles On Microsoft And Google Earnings Following today’s disappointing tech earnings reports, only one major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF traded 0.18% higher, after its underlying index closed at a fresh record high of 1,692.09. The Dow Jones Industrial Average ETF slipped 0.01 %, while the tech-heavy Nasdaq ETF tumbled 1.03%. In Europe, markets were little changed; the Stoxx Europe 600 added less than 0.1%. Meanwhile, China’s Shanghai Composite shed 1.5%, and Japan’s Nikkei Stock Average slumped [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLK Rallies, REZ Pops On Housing Data Daily ETF Roundup: IHF And XLK Slump On Lackluster Earnings Daily ETF Roundup: Stocks Close Near Session Highs Daily ETF Roundup: Housing Soars, Earnings Miss Daily ETF Roundup: KBE Pops On Morgan Stanley, XLE Jumps As Oil Tops $108
U.S. equities ended essentially unchanged in Friday’s lackluster trading session, as investors weighed a batch of underwhelming tech earnings reports. Tech-giants Google (GOOG) and Microsoft (MSFT) posted dismal quarterly results after the closing bell on Thursday, with earnings and revenues coming in well bellow analyst expectations. General Electric (GE) and Honeywell (HON), however, managed to post encouraging second quarter results [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: Stocks Finish Flat, XLK Tumbles On Microsoft And Google Earnings Following today’s disappointing tech earnings reports, only one major U.S. equity indexes managed to close in positive territory. The S&P 500 ETF traded 0.18% higher, after its underlying index closed at a fresh record high of 1,692.09. The Dow Jones Industrial Average ETF slipped 0.01 %, while the tech-heavy Nasdaq ETF tumbled 1.03%. In Europe, markets were little changed; the Stoxx Europe 600 added less than 0.1%. Meanwhile, China’s Shanghai Composite shed 1.5%, and Japan’s Nikkei Stock Average slumped [...]
Click here to read the original article on ETFdb.com.
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