Stocks / Highlights
Dow 30 Earnings: Visa Inc. Fiscal Fourth Quarter 2016
Sharif Abdou | 10/25/2016
Shares of Visa (V) fell slightly after the electronic payments processor reported September-quarter results.
Stocks / HighlightsDow-30 Earnings: Procter and Gamble First Quarter Fiscal 2017
Matthew E. Spencer | 10/25/2016
Shares of Procter and Gamble (PG) moved nicely higher after the consumer products giant reported September-period results that were better than most on Wall Street had been looking for.
Stocks / HighlightsDow 30 Earnings: Merck Third Quarter 2016
Michael Ratty | 10/25/2016
New Jersey-based drugmaker and Dow-30 component Merck (MRK), reported third-quarter earnings of $0.78 a share, versus $0.64 in the comparable period of 2015.
Stocks / HighlightsDow 30 Earnings: 3M Company Third Quarter 2016
Andre Costanza | 10/25/2016
Diversified manufacturer and Dow-30 component 3M Company (MMM) posted softer-than-expected results for the September quarter, leaving investors unimpressed.
Stocks / HighlightsDow 30 Earnings: Caterpillar Inc. Third Quarter 2016
Dominic Silva | 10/25/2016
Shares of Caterpillar (CAT)are trading slightly lower after the maker of heavy equipment fell short of top-line forecasts in the September quarter. In all, sales of $9.16 billion came in below our estimate of $9.95 billion and the $10.96 billion reported in the year-earlier period. The company cited continued global economic weakness as the primary culprit.
Stocks / HighlightsDow 30 Earnings: Du Pont Third Quarter 2016
Michael Napoli | 10/25/2016
Diversified chemicals manufacturer and Dow-30 component Du Pont (DD) has reported its third-quarter results. Sales of $4.917 billion were up modestly on a year-to-year basis. GAAP earnings per share of $0.01 were no match for the $0.14 earned in the prior-year period. But operating earnings per share of $0.34 increased nicely from $0.13. The discrepancy between GAAP and non-GAAP earnings per share was largely due to transactions costs associated with the planned merger with Dow Chemical and an impairment charge related to the write-down of intangible assets.
Stocks / HighlightsDow 30 Earnings: United Technologies Third Quarter 2016
Erik M. Manning | 10/25/2016
United Technologies (UTX), an industrial conglomerate that makes everything from jet engines to escalators, has reported third-quarter results that bested both our and Wall Street's expectation on the top and bottom lines. Management also raised the low end of its full-year earnings guidance. UTX stock was up nicely on the news.
Markets / CommentariesStock Market Today: October 25, 2016
William G. Ferguson, Mario Ferro, Adam Rosner | 10/25/2016
Stocks put in a weak showing this morning, and were unable to firm up in the afternoon. At the close of trading, the Dow Jones Industrial Average was down about 54 points; the S&P 500 Index was off eight points; and the NASDAQ was lower by 26 points. In addition, market breadth showed a somewhat negative bias to today’s session, with losers outpacing winners by a narrow margin on the NYSE. Most of the major equity sectors retreated, with pronounced losses in the consumer, energy, and healthcare names. In contrast, the utilities and the basic materials issues managed to forge ahead.
Markets / CommentariesStock Market Today: October 24, 2016
William G. Ferguson and Robert Mitkowski | 10/24/2016
Stocks rose moderately on Monday against the backdrop of the proposed blockbuster merger between AT&T and Time Warner. At the close, the Dow Jones Industrial Average was up 77 points and the broader S&P 500 rose 10 points. But those moves were eclipsed by the NASDAQ’s 52-point gain, which marked a much stronger move on a percentage basis than either the Dow or the S&P. Market breadth affirmed the tone of the major averages, with advancing issues topping decliners by about three to two on both the Big Board and the NASDAQ.