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 US Fed has overnight restated a patient stance on rate increases, while leaving the door open for quicker action if required. Vocation managing director Mark Hutchinson will leave the company and Facebook has announced a bumper profit. US/Europe market closes...and more.
Yesterday might have looked all rosy but reality hits today. It's time to get ready for the unknown unknowns.
The growing calls for a reduction in interest rates may be more fuelled by FOMO (fear of missing out) than the actual data, which is actually starting to improve.
Record prices in Sydney don't mean it's too late to get into real estate. There will still be growth and there are also some great opportunities in Queensland.
Contango Asset Management chief investment officer George Boubouras joins Peter to talk about the impacts of the Greek election. (Broadcast Tuesday 27 January 2015).
The share market is higher as gains in the healthcare and financial sectors offset weakness among oil and gas producers and miners.