U.S. stocks trade mixed after earnings reports
Xinhua,January 25, 2018 Adjust font size:
NEW YORK, Jan. 24 (Xinhua) -- U.S. stocks traded mixed on Wednesday, with the Dow hitting record highs, as corporate earnings reports came out overall positive.
At midday, the Dow Jones Industrial Average added 104.48 points, or 0.40 percent, to 26,315.29. The S&P 500 increased 3.20 points, or 0.11 percent, to 2,842.33. The Nasdaq Composite Index was down 19.01 points, or 0.25 percent, to 7,441.28.
In corporate news, United Technologies, Baker Hughes and NBC Universal-parent company Comcast all reported earnings and revenue that beat analyst expectations.
The calendar fourth-quarter earnings season is off to a good start. As of Tuesday, 77 percent of the S&P 500 companies that had reported surpassed earnings expectations, while 80 percent of those companies had beaten sales estimates, according to U.S. financial information company FactSet. Enditem