Stock Market Today

Thursday, January 23 2020

Daily Updates

Stock Market Today: January 23, 2020

Harvey S. Katz, CFA and John E. Seibert III | 01/23/2020

The stock market started deeply in the red today, as fears increased about the Wuhan Coronavirus, given that cases were found in other locations. Too, they were speculating how the flu-like virus would impact global growth in 2020. The Dow Jones Industrial Average fell well over 200 points in early market action, while the other indices were down in tandem. Overall, the Dow closed lower by 26 points; the S&P 500 rose four points, and the NASDAQ was up 19 points.

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Dow 30 Earnings: Procter and Gamble Second Quarter Fiscal 2020

Orly Seidman | 01/23/2020

Investors had little reaction to Procter and Gamble’s fiscal second-quarter results, leaving the stock little changed on the news.

Dow 30 Earnings: Travelers Cos. Fourth Quarter 2019

Alan House | 01/23/2020

Property/Casualty insurer Travelers (TRV) reported solid results for the December period. However, its share price has slipped moderately in trading this morning, along with the broader market averages. Travelers’ shares have performed quite well in recent weeks, and thus it may have been due for a haircut. Looking at it with more granularity, earnings from operations, which exclude capital gains and losses from investments, clocked in at $3.32 a share in the December period, which was a dime higher than our expectation and a whopping 56% higher than the previous-year period.

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