Business News

US stocks end mixed; Dow and S&P 500 rise

| More

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, 2012

blog comments powered by Disqus

Today on Switzer

  • rudi-20141031

    Rudi Filapek-Vandyck


    With JB Hi-Fi’s share price up, are retail and consumer discretionary stocks set for a positive 2015? FNArena’s Rudi Filapek-Vandyck passes his judgement. (Broadcast Thursday 30 October 2014.)

    See more

  • skynews9211234038

    Shane Oliver


    For insights into the US Federal Reserve’s decision to end QE3, and what it means for stocks, AMP Capital Chief Economist Shane Oliver joins Switzer TV. (Broadcast Thursday 30 October 2014.)

    See more

  • skynews9208890038

    Marcel von Pfyffer


    Ahead of the decision on QE3, how is the stock market likely to react and is everything going well enough to sustain a strong rally into the new year? Marcel von Pfyffer tackles this and more. (Wednesday 29 October 2014.)

    See more

  • rickard_200x150

    The Medibank IPO is not well

    Paul Rickard

    Medibank is not a “high yielder” – and for my book, not “attractive”. Why are investors being misled?

    See more


Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300