US shares mixed into close
Nasdaq index down 48
Amazon and Starbucks results in focus
US shares are heading into the closed mixed, with the tech heavy Nasdaq taking a hit.
It is down 48 at 6,384.
Meanwhile, the Dow Jones Industrial Index is 58 points ahead at 21,769.
The broader based S&P 500 is down over five points at 2,472.
US crude- West Texas Intermediate - is up 0.66% to stand at $49.07 a barrel.
In Toronto, the TSX is ahead by around 30 points at 15,201.
MID-SESSION
Wall Street appeared to suffer a seachange this afternoon as stocks came off earlier highs.
London's FTSE 100 closed lower earlier, along with European indices and now selling has started in New York.
The tech heavy Nasdaq bore the brunt, with the benchmark index tumbling over 65 points at 6,359.
The S&P 500 was 11 lower at 2,466, while the Dow Jones was managing to stay ahead just - up- almost seven points, having earlier been a lot higher.
The US reports second-quarter gross domestic product (GDP) Friday and traders are perhaps getting jittery about this, coupled with recent Fed noises over a rate hold and inflation off targets.
In companies, on Nasdaq, CA Inc (NASDAQ:CA) was the biggest loser, shedding 9.9% to $31.22, while Vertex Corp (NASDAQ:VTRX) lost 8.71% to $154.71.
Twitter Inc (NYSE: TWTR) lost over 15% to $16.61 as it reported stronger-than-expected earnings for its second quarter. Monthly active users rose 5 percent year-over-year, while daily active users gained 12 percent year-over-year.
The shares tumbled as the social media firm reported disappointing user numbers.
The average number of monthly active users in the second quarter was unchanged from the preceding quarter at 328mln users, and although this was up 5% year-on-year, it was also some 800,000 lower than the market had been expecting.
Revenue of US$574mln was down 4.7% from a year earlier, while its net loss widened to US$116.5mln from US$107.2mln the previous year.
We probably still need some more numbers for this Very Important Twitter Chart https://t.co/Ttg3nf2Jva pic.twitter.com/3fECkL63kU
— TechCrunch (@TechCrunch) July 27, 2017
READ THE LONDON CLOSE - FTSE 100 closes nine points lower as AstraZeneca weighs
OPEN
Wall Street shares were heading higher at the open Thursday, while European indices were seeing red.
Investors were treated to another round of corporate earnings and the Dow Jones Industrial Index added 58 points to 21,769.
The tech heavy Nasdaq index added 22 at 6,445, while S& P 500 added 2.63 at 2,480.
In Toronto, the TSX index there gained 28 points to stand at 15,199.
The oil price - of West Texas Intermediate - added 0.12% to $48.82 a barrel.
In stocks, Verizon Communications Inc (NYSE:VZ) was the big gainer, adding almost 6% to $47.02 as its results cheered the market.
Facebook Inc (NASDAQ:FB) added 5.81% to $175.28 as its second quarter numbers breezed past estimated.
To be fair, expectations had been high with the shares soaring in recent months, but the US firm more than satisfied its fans.
Sales were US$9.32bn, compared to forecasts of US$9.2bn, while profits jumped 71% to US$3.9bn.
Mobile ads accounted for 87% of its advertising revenue of $9.16bn, up from 84% a year ago, while there was an increasing contribution from recent acquisition Instagram.
Monthly active users has climbed by 17% at the end of June to just over 2bn, with two thirds of those active daily.