US close: Stocks finish session mixed; Dow complete 10th straight record finish

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Sharecast News | 24 Feb, 2017

Updated : 00:49

US shares ended the session on Thursday in mixed fashion with the Dow Jones Industrial Average delivering its 10th straight record close while the Nasdaq declined again.

The S&P 500 finished up 0.99 points at 2,363.81. The Dow Jones rose 34.7 points, to 20,810.3, and the Nasdaq composite fell 25.1 to 5,835.5.

Nvidia Corp and Tesla both weighed heavily on the Nasdaq, falling 9% and 6.4% respectively.

Electric car maker Tesla sank after it posted a bigger-than-expected quarterly loss late on Wednesday but beat analysts' expectations on sales.

Victoria's Secret parent L Brands tumbled 15% after it issued weak guidance for 2017 late on Wednesday.

Hormel Foods fell %% after it reported first-quarter net earnings per share of 44 cents versus 43 cents a year ago and revenue of $2.28bn compared to $2.29bn.

Oil prices rose after data from the American Petroleum Institute showed an 884,000 barrel drop in US crude supplies last week. This pushed up oil stocks, with giants Chevron and ExxonMobil higher.

HP Inc rose after quarterly results came in above expectations.

Traders were also digesting Wednesday’s publication of minutes from the Federal Reserve's December meeting.

Investors were hoping that the minutes “would provide additional clarity on its interest rate expectations," said Craig Erlam, senior market analyst at Oanda, but instead the minutes displayed the central bank's uncertainty about how to proceed, "largely due to the unknown effects of what Donald Trump’s stimulus plans will have on the economy and inflation. In effect, the Fed is as much in limbo as investors are because markets have rallied strongly at the prospect of ‘phenomenal’ tax cuts and major spending but as of yet, nothing has been delivered."

Dow Jones - Risers

Johnson & Johnson (JNJ) $121.68 1.82%
Pfizer Inc. (PFE) $34.06 1.40%
Verizon Communications Inc. (VZ) $50.32 1.29%
Unitedhealth Group Inc. (UNH) $162.60 1.26%
Exxon Mobil Corp. (XOM) $81.78 1.05%
Merck & Co. Inc. (MRK) $65.85 0.86%
Boeing Co. (BA) $176.86 0.86%
3M Co. (MMM) $187.19 0.62%
Chevron Corp. (CVX) $111.02 0.58%
Visa Inc. (V) $88.18 0.43%

Dow Jones - Fallers

Caterpillar Inc. (CAT) $95.55 -2.70%
Nike Inc. (NKE) $57.39 -1.46%
General Electric Co. (GE) $30.02 -1.02%
Wal-Mart Stores Inc. (WMT) $71.31 -0.56%
United Technologies Corp. (UTX) $112.12 -0.51%
Apple Inc. (AAPL) $136.53 -0.42%
Home Depot Inc. (HD) $144.71 -0.37%
Walt Disney Co. (DIS) $109.73 -0.35%
Procter & Gamble Co. (PG) $91.13 -0.34%
E.I. du Pont de Nemours and Co. (DD) $79.59 -0.26%

S&P 500 - Risers

First Solar Inc. (FSLR) $37.19 10.78%
HP Inc (HPQ) $17.60 8.64%
Transocean Ltd. (RIG) $14.31 7.76%
Diamond Offshore Drilling Inc. (DO) $17.49 4.23%
Endo International Plc (ENDP) $13.39 3.88%
Edwards Lifesciences Corp. (EW) $95.70 3.78%
Realty Income Corp. (O) $62.86 2.81%
NiSource Inc. (NI) $23.77 2.59%
Murphy Oil Corp. (MUR) $28.41 2.34%
Owens-Illinois Inc. (OI) $19.99 2.30%

S&P 500 - Fallers

L Brands Inc (LB) $48.94 -15.81%
Nvidia Corp. (NVDA) $100.49 -9.27%
United States Steel Corp. (X) $37.31 -7.85%
Alcoa Corporation (AA) $34.32 -6.23%
United Rentals Inc. (URI) $120.90 -5.59%
Hormel Foods Corp. (HRL) $35.29 -5.39%
Urban Outfitters Inc. (URBN) $26.30 -5.16%
Martin Marietta Mtrl (MLM) $208.68 -4.69%
TripAdvisor Inc. (TRIP) $43.46 -4.59%
Staples Inc. (SPLS) $9.08 -4.22%

Nasdaq 100 - Risers

Shire Plc Ads (SHPG) $185.44 2.45%
Ctrip.Com International Ltd. Ads (CTRP) $48.28 1.45%
Paychex Inc. (PAYX) $60.41 1.36%
Automatic Data Processing Inc. (ADP) $101.64 1.21%
Intuit Inc. (INTU) $120.70 1.06%
Vodafone Group Plc ADS (VOD) $25.77 1.06%
Fiserv Inc. (FISV) $114.90 0.95%
Autodesk Inc. (ADSK) $87.10 0.83%
Walgreens Boots Alliance, Inc. (WBA) $86.99 0.81%
Amgen Inc. (AMGN) $174.01 0.81%

Nasdaq 100 - Fallers

Nvidia Corp. (NVDA) $100.49 -9.27%
Tesla Inc (TSLA) $255.99 -6.41%
TripAdvisor Inc. (TRIP) $43.46 -4.59%
Regeneron Pharmaceuticals Inc. (REGN) $360.96 -2.50%
Liberty Interactive Corporation QVC Group (QVCA) $20.06 -2.34%
Fastenal Co. (FAST) $49.79 -2.12%
Ross Stores Inc. (ROST) $67.64 -2.03%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $50.68 -1.86%
Tractor Supply Company (TSCO) $71.00 -1.80%
Hasbro Inc (HAS) $97.05 -1.79%

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