US stocks end mixed; Dow and S&P 500 rise
US stocks ended mixed on Friday with the Dow and S&P 500 finishing higher.
The Dow put on 45.79 points, or 0.35 per cent, to 12,949.87.
The Nasdaq lost 8.07 points, or 0.27 per cent, to 2951.78.
The S&P 500 was 3.19 points, or 0.23 per cent, higher to 1361.23.
In news, the consumer price index increased 0.2 per cent in January, according to the Labor Department.
And the Conference Board Leading Economic Index for the US rose 0.4 per cent in January to 94.9.
In earnings, Heinz said net income for its third quarter was US$284.7 million or US$0.88 per share. In the same quarter a year earlier, it reported net income of US$273.8 million or US$0.84 per share. Shares rose US$2.37, or 4.55 per cent, to US$54.57.
Campbell Soup reported net income of US$205 million, or US$0.64 per share, for its second quarter, compared with US$239 million, or US$0.71 per share, in the same quarter a year earlier. Shares rose US$0.84, or 2.62 per cent, to US$32.90.
In Australia on Friday, the S&P/ASX 200 increased 14 points, or 0.33 per cent, to 4195.9 and the All Ords was up 16.1 points, or 0.38 per cent, to 4273.3.
Oil this morning was at US$103.24 per barrel and gold was at US$1725.90 per ounce. The Australian dollar was buying 107.68 US cents, 67.97 pence Sterling, 81.69 euro cents and 85.71 Japanese yen.
Published on: Monday, February 20, 2012blog comments powered by Disqus
Today on Switzer
The share market has closed higher as investors returned to high-growth stocks after better than expected financial results from the US technology sector.
How worried should we be about China and its impact on the Australian economy? For his views, Michael Knox from Morgans joins Switzer TV.
Why is the Treasurer running the risk of being tagged a Pension Nazi? It might be good economics, but it's bad politics.
NAB's Steve Lambert joins Switzer TV for a look at fixed income.
US stocks have bounced back to close higher after earlier losses amid concern over growing tensions in Ukraine.
Is it time to look again at investing in art to diversify your portfolio? Has the market troughed and does it now represent a buying opportunity?