News Column

Wall Street close week in mixed colors

January 18, 2014

U.S. shares closed the week in mixed colors with investors focusing on earnings from Morgan Stanley to General Electric , ahead of consumer sentiment data. The main attention is on earnings of large companies, where some of them reported better than forecast results while others missed estimates. Regarding fundamentals, U.S. housing starts plunged 9.8 percent to 999,000 in December from a revised of 1107,000 in November, while building permits slipped to 986,000 from a revised of 1017,000. Later in the day, the University of Michigan confidence is predicted to show a rise to 83.5 in January from a prior of 82.5. Standard and Poor`s dropped 0.39% to reach 1838.70 points, as of 16:15 EST . As of 16:45 EST , Dow Jones edged up 0.25% to 16458.56 points, and NASDAQ plunged 0.50% to 4197.58 points.


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Source: ICN.com Financial Markets


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