U.S. stocks fluctuate as fourth quarter earnings start

U.S. Stocks Decline as Halliburton, Verizon Drop

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Today –  Tuesday January 21st, 2014

  • U.S. stocks have declined has poor earnings from companies such as Verizon and Johnson&Johnson disappoint investors.
  • As of right now earnings is very important short term because we need to see growth in the economy.
  • Of the 61 S&P 500 members that have reported results so far this season, 67 percent have beaten estimates for profit and 67 percent have exceeded sales projections, according to data compiled by Bloomberg.
  • The S&P 500 SPX +0.28%  closed 5.10 points, or 0.3%, to 1,843.80, breaking a two-day losing streak. The Dow Jones Industrial Average DJIA -0.27%  ended 44.12 points, or 0.3%, lower at 16,414.44, dragged down by losses in Verizon and Travelers.The Nasdaq Composite COMP +0.67%  was the best performing index, gaining 28.18 points, or 0.7%, to 4,225.76. The gains in the index were driven by a rally in Apple, Inc.,


Categories: Equity Capital Markets

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