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