Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

Wall Street shares failing to move the needle despite earnings

The US stocks today are set for a return north and commentators say could see new fresh record levels

US shares were failing to move the needle much on Friday on thin volumes.

There was some earnings to give keep the market busy but trading was muted.

The Dow Jones was down 19 at 18,496, while the S&P500 was down 0.03% to 2,164, while the Nasdaq, the tech heavy exchange, added just 0.06% to 5,077.

Notably the Dow though remains up 8% from its post-Brexit lows in late June, bolstered both by encouraging economic news and quarterly results that have largely exceeded expectations.

The maker of heating component parts Honeywell saw shares slide as it reported second-quarter revenue and profit gains but cut its revenue forecast for the year.

General Electric (NYSE:GE.) shares lost 2.4% despite it revealing better-than-expected earnings. However the group spoke of the current business environment as “a volatile and slow-growth" one.

Wall Street shares are set for a higher open with another rash of earnings expected after muted trading in Europe and a weak Asian session overnight.

The US stocks today are set for a return north and commentators say could see new fresh record levels.

The benchmark Dow close down 0.42% on Thursday at 18,517, while the Nasdaq shed 0.31% to 5,073 and the broader based S&P500 shed 0.36%.

Oil is now trading up 0.22% at US$44.84, while gold is 0.52% lower at US$1,324.

In futures trading, the Dow Jones is 14 ahead, while the S&P500 is four up and the Nasdaq is six points ahead

Starbucks (NASDAQ:SBUX) shares lost 2.8% in pre-market after the huge coffee chain reported slower sales growth in its latest quarter.

Companies reporting today include American Airlines (NYSE: AAL), General Electric (NYSE: GE), Honeywell (HON) and Moody's (NYSE: MCO).

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK