U.S. stocks close mixed ahead of earnings reports

Randall Padilla
July 19, 2017

Only five of the S&P 500's 11 sectors settled in positive territory, but one of those groups was the top-weighted tech space (+0.5%), highlighted by Apple's eight session winning streak and Facebook's new all-time high. The Russell 2000, hit a new all-time intraday high, its first since June 9. The dollar index traded 0.6 percent lower at 94.56.

The failure of the Bill spelled uncertainty for President Donald Trump's agenda of tax reform and an infrastructure overhaul, leaving the president without any major legislative accomplishments six months into his tenure.

Dow members Procter & Gamble rose 0.5 percent after activist investor Nelson Peltz called for deep cost cuts and said he would seek a board seat. The Standard & Poor's 500 closed at 2,459.14 for a loss of 0.13 points or 0.01%.

The S&P health sector fell 0.3 percent while utilities gained 0.4 percent and the consumer discretionary sector rose 0.26 percent.

"Armenpress" reports the value of Dow Jones down by 0.04% to 21629.72 points, S&P 500 down by 0.01% to 2459.14 points, Nasdaq up by 0.03% to 6314.43 points.

This follows a robust first quarter when USA companies posted their best earnings since 2011, according to Thomson Reuters I/B/E/S.

The market will be keeping a close eye on corporate results to see if the high valuations are justified in the face of mixed economic data, tepid inflation and policy gridlock in Washington.

Asset management firm BlackRock fell 3.1 percent after reporting that second-quarter net income came in at $5.25 per share, 15 cents less than expected. On the Nasdaq, 1,747 issues fell and 931 advanced.

Other reports by AllAboutTopnews

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