The major US stock indices are closing the day with mixed results. The Dow industrial average was buoyed by stronger earnings from 3M and Coca-Cola. 3M shares are up over 7% on the day. Coca-Cola shares are up 3.82%. Salesforce rose 3.7% and Amazon is up 2.65%. The Dow closed at a new record high level.
Broader S&P index and NASDAQ index closed mixed but little changed. A snapshot of the closing levels shows:
- S&P index closed unchanged at 6735.33
- NASDAQ index fell -36.88 points or -0.16% at 22953.67
- Dow industrial average rose 218.10 points or 0.47% at 46924.68
- Russell 2000 fell -12.22 points or -0.49% at 2487.68
Netflix rose $2.79 or 0.23% at 1241.35. The company’s earnings will be released soon after the close with estimates of $6.96 for EPS on revenues of $11.51 billion. That compares to $5.40 on $9.82 billion last year..
Netflix has just announced earnings at $5.87 versus $6.96 expected, on revenues of $11.51 billion. Shares are trading down 5.98% in after-hours trading.
This article was written by Greg Michalowski at investinglive.com.