Thursday, 25 April 2019 23:36 WIB |
MARKET UPDATE |DOW JONESS & P 500Indeks NasdaqSahamAS
U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.
3M Co shares tumbled 11.3% after the Post-It notes maker reported a lower-than-expected quarterly profit, cut its 2019 earnings forecast and said it would lay off 2,000 workers globally.
Industrials dropped 2%, also dragged down by a 7.9% fall in United Parcel Service Inc™s shares following the company™s disappointing earnings.
At 11:18 a.m. ET the Dow Jones Industrial Average was down 207.39 points, or 0.78%, at 26,389.66, the S&P 500 was down 5.28 points, or 0.18%, at 2,921.97 and the Nasdaq Composite was down 0.74 points, or 0.01%, at 8,101.28.
Source : Reuters