Publicado: Lun, Agosto 13, 2018
Financiera | Por Marilu Caballero

How major US stock indexes fared Friday

How major US stock indexes fared Friday

Crude oil prices failed to make a decisive recovery on Thursday even though the US sanctions against Iran went into effect on Thursday and the S&P 500 Energy Index closed the day 0.9% lower.

Mylan's 6.8 percent drop was the most on the benchmark S&P 500 after the drugmaker reported quarterly results and said it was actively evaluating a "wide range of alternatives".

The Nasdaq added 27.09 points, or 0.3 per cent.

Walt Disney (N:DIS) fell 0.8 percent after its quarterly profit missed estimates as new technology costs rose. The S&P technology index fell 1 percent, with Intel down 2.8 percent after Goldman Sachs downgraded the stock to "sell".

"When we see the earnings growth in 2018, the multiples are reasonable at that record level", said Art Hogan, chief market strategist at B. Riley FBR in NY.

The number of Americans filing for unemployment benefits unexpectedly fell last week, a Labor Department report showed. The Nasdaq Composite rose 0.2 percent as Amazon shares hit an all-time high while Apple rose almost 1 percent.

Stocks traded little changed on Thursday as the S&P 500 was within striking distance of reaching an all-time high.

#Video Niño muere al caer de escalera eléctrica en China
El menor, cae al vacío sin que sus familiares pudieran hacer nada por detenerlo. Sin imaginarse que la tragedia los alcanzaría en un abrir y cerrar de ojos.

Eight of the 11 major S&P sectors were higher. Tribune shares rose 2.9 percent.

At 10:53 a.m. EDT the Dow Jones Industrial Average .DJI was up 3.07 points, or 0.01 percent, at 25,586.82, the S&P 500 .SPX was up 3.00 points, or 0.10 percent, at 2,860.70 and the Nasdaq Composite .IXIC was up 24.70 points, or 0.31 percent, at 7,913.03.

Rite Aid fell 10.9 percent after the drug store chain and US grocer Albertsons Cos agreed to terminate their merger agreement.

Rite Aid (RAD.N) fell 10.6 percent and was the most actively traded stock after the drug store chain and US grocer Albertsons Cos ABS.N agreed to terminate their merger agreement. Meanwhile, newly announced US sanctions against Russian Federation added to the turmoil.

Shares of trade-sensitive companies declined, with Boeing, 3M and Caterpillar down between 2.3 percent and 4 percent.

Declining issues outnumbered advancers for a 1.55-to-1 ratio on the NYSE and for a 1.20-to-1 ratio on the Nasdaq.

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