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Stocks Mixed After Weak Bank Earnings, Huawei Probe


Thursday, 17 January 2019 23:27 WIB

DOW JONESS & P 500SahamASNasdaq Composite


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U.S. stocks were putting in a mixed performance Thursday as investors digested quarterly earnings results and watched for impact from a nearly one-month partial shutdown of the government.

The Dow Jones Industrial Average fell 34 points, or 0.1%, to 24,174, while the S&P 500 index edged up 24 points, or 0.1%, to 2,619 in choppy trade. The Nasdaq Composite Index was up 10 points, or 0.1%, to 7,045.

Wall Street remains focused on bank performance, and futures markets took a turn for the worse after Morgan Stanley announced earnings and revenue that fell short of analyst expectations. Chief Executive Officer James Gorman reassured investors, however, that “We do not believe the fourth quarter is the new normal,” while adding that the bank’s performance in the first quarter of 2019 has already begun to rebound.

Source : Marketwatch


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