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 start of a new month ushers in a barrage of economic data, with a Reserve Bank Board meeting thrown in for good measure.
Christine Holgate, CEO of Blackmores, joins Switzer TV for a look at the recent earnings report and how the company is performing. (Broadcast Thursday 28 August 2014.)
In fashion: exchange traded funds, or ETFs, have been around for over 20 years.
If one thing is guaranteed to get me seeing red, it’s other sectors of the superannuation industry taking pot shots at SMSFs via the media.
For a look at the latest reporting season action – plus why Qantas’ share price went up after its record loss – Michael McCarthy of CMC markets joins the program. (Broadcast Thursday 28 August 2014.)
Ross Benson of locally listed 99 Wuxian joins Switzer TV to discuss the company’s involvement with mobile commerce in mainland China, plus a possible move to Nasdaq. (Broadcast Thursday 28 August 2014.)