2008-07-21

Roundup: U.S. stocks mixed results mixed

U.S. stocks mixed Friday. Citigroup's second-quarter because of lower-than-expected losses, the Dow rose slightly. However, since Google and Microsoft's earnings is disappointing, and the Nasdaq composite index fell.

Advanced Micro Devices (AMD) after the close of Friday appointed a new chief executive, the chip maker last quarter loss for the rise. The stock fell 12.3 percent, to market pressure.

U.S. strategist at Cantor Fitzgerald Mark - Padoa (Marc Pado) said that "today there is obviously some profit-taking selling, and Microsoft, AMD and Google's earnings reports also dealt a blow to technology stocks. The financial sector, Merrill Lynch's loss than expected, but Citigroup's loss smaller than expected. We know that not all roses. "

The Dow Jones industrial average was up 49.91 points to close at 11496.57 points, or 0.44 percent. Within the week up 3.6 percent.

Within the 30 constituent stocks in a total of 19 shares rose.

Citigroup (C) rose 7.7 percent, the company last quarter loss per share of 54 cents a share, while analysts, on average, expected a loss of 62 cents a share.

Citigroup is not too bad performance boost the dollar slightly higher, tracking U.S. dollar against a basket of currencies the dollar exchange rate from Friday's 72.048 index rose to 72.17.

Action Economics analysts said, "At present, the most prudent approach is to sell the stock before the weekend to lock in profits, and the short-covering bonds. Although no one think that the Fed or the Ministry of Finance will take action over the weekend, but in the past There are two weekend four months the Government announced a rescue plan, investors have to prevent. "

The bond market fell.

Software giant Microsoft (MSFT) Tuesday after the close of its second-quarter profit rose by double-digit, but because of Microsoft's current-quarter earnings forecast was disappointing. Microsoft fell 6.6 percent.

The Standard & Poor's 500 index rose 0.36 points to close at 1260.68 points, or 0.03 percent. For the week were up 1.7 percent. The Standard & Poor's 10 major plates in the industrial segment rose 1.3 percent, energy plate rose 1.1 percent, financial stocks rose 0.9 percent.

Schlumberger Corp. (SLB) rose by 3.9 percent, the Houston-based energy company's second quarter net profit increased by 13 percent.

Get bulk of consumer goods dropped by 0.8 percent, luxury consumer goods segment fell 0.4 percent, information technology segment fell 0.3 percent.

The Nasdaq composite index fell 29.52 points to close at 2282.78 points, or 1.28 percent.

Big Board volume was 5.694 billion shares traded on the Nasdaq to 2.288 billion shares. New York Stock Exchange by 17 to 15 lead on the Nasdaq, the Nasdaq stock market rose to 13 than 15 behind the Nasdaq.

The New York Mercantile Exchange crude oil futures fourth consecutive trading day down, the main force for the week decreased by 11%. August crude oil futures contract fell 41 cents to close at 128.88 U.S. dollars a barrel, a decrease of 0.3 percent.

The dollar rose on the New York Mercantile Exchange, gold futures fell more than 1%. August gold contract fell 12.7 cents, to 958 U.S. dollars an ounce.

Active stocks

Honeywell International Inc. (HON) fell 0.4 percent, the aerospace manufacturer said second-quarter profits due to an increase of nearly 20 percent, has raised its full-year earnings per share targets. However, the company said global air traffic disturbing the slow growth prospects.

Fannie Mae (FRE) rose 10.2 percent. According to "The Wall Street Journal" reported that the company is considering the issue of new shares to obtain 10 billion U.S. dollars financing.

Merrill Lynch (MER) report after the close of Friday reduction of more mortgage-related assets, second-quarter net loss of 4.65 billion U.S. dollars. The stock rose 0.6 percent.

Internet search engine Google (GOOG) earnings have been disappointing. Excluding special items, the company's second-quarter earnings per share 4.63 U.S. dollars. Analysts surveyed by Thomson Reuters on average expected earnings per share 4.74 U.S. dollars.

Mattel Inc. (MAT) rose 13.0 percent. The toy maker said profit last quarter reduced by half, but the results still better than Wall Street's expectations. The Hot Wheels, American Girl and Fisher-Price toy sales growth.

The stock market in Asia, markets mixed, with Tokyo's Nikkei 225 Index for low-income.

European stock markets have rebounded, London's FTSE 100 index rose 1.7 percent to close at 5376.4 points.