Stocks open lower, but still head for a winning week on better-than-expected earnings
Friday, 18 October 2019 20:53 WIB | MARKET UPDATE |Saham AS Standard & Poor's 500

Stocks opened lower on Friday as investors were set to wrap up the first week of the earnings season.

The Dow Jones Industrial Average traded 46 points lower, or 0.2%. The S&P 500 and Nasdaq Composite slid 0.1% each.

More than 70 S&P 500 companies have reported calendar third-quarter earnings this week. Of those companies, 81% have posted better-than-expected results, FactSet data shows.

Weak data from China weighed down the market on Friday.

Some of the companies posting stronger-than-forecast results this week include Bank of America, Netflix, J.P. Morgan Chase and Morgan Stanley. Coca-Cola continued that trend on Friday, rising more than 1%. Their results helped push the major indexes higher for the week.

Source: CNBC

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