US close: Stocks end lower as traders weigh earnings and data
US stocks closed in the red on Friday as investors weighed corporate earnings and economic data.
The Dow Jones Industrial Average fell 0.32%, the S&P 500 shed 0.51% and the Nasdaq lost 0.62%.
Among corporate results, Chevron Corp.’s shares fell after reporting an adjusted profit in the first quarter that missed analysts’ estimates.
Exxon Mobile gained after the oil producer reported a higher-than-expected first-quarter profit.
Amazon rallied after the online retailer’s first-quarter profit surged past analysts’ expectations. Profit came in at $513m as sales rose 28% to $29.1bn.
In other company news, Apple slumped after billionaire investor Carl Icahn said he has sold his entire stake in the technology firm, citing the risk of China’s slowdown hurting the stock.
On the macro-economic data front, US personal spending rose by a seasonally-adjusted 0.1% versus expectations for a 0.2% increase, according to the Commerce Department. February’s figure was revised up to a 0.2% gain from 0.1% previously.
Person income rose 0.4% in March after nudging up a downwardly-revised 0.1% the month before. Economists had been expecting a 0.3% increase.
The Chicago manufacturing purchasing managers’ index fell to 50.4 in April from 53.6 in March, falling short of estimates for a reading of 53.6 but above the 50 level that separates an expansion from a contraction.
Consumer sentiment weakened in April, according to the final reading from the University of Michigan. The consumer sentiment index printed at 89.0 in April, down from the flash estimate of 89.7 and 91.0 in March. It was also weaker than the 95.9 reading in April of last year.
The current economic conditions index came in higher than the estimate of 105.5 at 106.7, compared to 105.6 in March and 107.0 in April 2015.
Meanwhile, oil prices remained volatile as oilfield services firm Baker Hughes reported its weekly oil rig count fell by 11 to 332. It compares to 697 oil rigs the same time last year.
West Texas Intermediate rose 0.08% to $46.07 per barrel and Brent was flat at $48.14 per barrel.
The dollar fell 0.03% against the pound, dropped 0.86% versus the euro and declined 1.49% versus the yen.
S&P 500 - Risers
Monster Beverage Corp (MNST) $144.22 +12.81%
Freeport-McMoRan Inc (FCX) $14.00 +10.58%
Amazon.Com Inc. (AMZN) $659.59 +9.57%
National Oilwell Varco Inc. (NOV) $36.04 +8.88%
Range Resources Corp. (RRC) $44.11 +8.25%
Expedia Inc. (EXPE) $115.77 +8.21%
Newmont Mining Corp. (NEM) $34.97 +6.00%
Southwestern Energy Co. (SWN) $13.43 +5.09%
Newell Brands Inc (NWL) $45.54 +4.88%
Flowserve Corp. (FLS) $48.81 +4.14%
S&P 500 - Fallers
Stericycle Inc. (SRCL) $95.56 -21.50%
Seagate Technology Plc (STX) $21.77 -19.07%
Western Digital Corp. (WDC) $40.87 -11.28%
Gilead Sciences Inc. (GILD) $88.21 -9.06%
Micron Technology Inc. (MU) $10.75 -7.49%
Skyworks Solutions Inc. (SWKS) $66.82 -6.91%
Phillips 66 Common Stock (PSX) $82.11 -6.47%
Tesoro Corp. (TSO) $79.69 -6.46%
Legg Mason Inc. (LM) $32.11 -4.72%
United Continental Holdings Inc. (UAL) $45.81 -4.68%
Dow Jones I.A - Risers
Home Depot Inc. (HD) $133.89 +0.87%
Travelers Company Inc. (TRV) $109.90 +0.71%
Nike Inc. (NKE) $58.94 +0.68%
Procter & Gamble Co. (PG) $80.12 +0.45%
Exxon Mobil Corp. (XOM) $88.40 +0.42%
Coca-Cola Co. (KO) $44.80 +0.38%
3M Co. (MMM) $167.38 +0.23%
United Technologies Corp. (UTX) $104.37 +0.13%
Dow Jones I.A - Fallers
Wal-Mart Stores Inc. (WMT) $66.87 -2.96%
Intel Corp. (INTC) $30.28 -2.67%
Cisco Systems Inc. (CSCO) $27.49 -1.68%
Merck & Co. Inc. (MRK) $54.84 -1.61%
Apple Inc. (AAPL) $93.74 -1.15%
McDonald's Corp. (MCD) $126.49 -1.12%
International Business Machines Corp. (IBM) $145.94 -0.77%
E.I. du Pont de Nemours and Co. (DD) $65.91 -0.75%
Walt Disney Co. (DIS) $103.26 -0.74%
JP Morgan Chase & Co. (JPM) $63.20 -0.63%
Nasdaq 100 - Risers
Monster Beverage Corp (MNST) $144.22 +12.81%
Amazon.Com Inc. (AMZN) $659.59 +9.57%
Baidu Inc. (BIDU) $194.30 +4.45%
Priceline Group Inc (PCLN) $1,343.66 +1.98%
Activision Blizzard Inc. (ATVI) $34.47 +1.68%
TripAdvisor Inc. (TRIP) $64.59 +1.56%
Charter Communications Inc. (CHTR) $212.24 +1.19%
Sirius XM Holdings Inc (SIRI) $3.95 +0.77%
Facebook Inc. (FB) $117.58 +0.73%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $208.28 +0.62%
Nasdaq 100 - Fallers
Stericycle Inc. (SRCL) $95.56 -21.50%
Seagate Technology Plc (STX) $21.77 -19.07%
Western Digital Corp. (WDC) $40.87 -11.28%
Gilead Sciences Inc. (GILD) $88.21 -9.06%
Micron Technology Inc. (MU) $10.75 -7.49%
Skyworks Solutions Inc. (SWKS) $66.82 -6.91%
Endo International Plc (ENDP) $27.00 -4.49%
Celgene Corp. (CELG) $103.41 -4.28%
Regeneron Pharmaceuticals Inc. (REGN) $376.71 -3.73%
American Airlines Group (AAL) $34.69 -3.56%