The major stock indices had another mixed close with the S&P and Dow industrial average lower while the NASDAQ index rose modestly:
- Dow industrial average -6.71 points or -0.02% and 42924.89
- S&P index -2.78 points or -0.05% and 5851.20.
- NASDAQ index up 33.12 points or 0.18% at 18573.13
- Russell 2000 down -8.18 points or -0.37% at 2231.52
Texas Instruments reported better than expected EPS and revenues after the close but therefore guidance was week. As a result the stock is down -0.54% in volatile trading.
- EPS $1.47 versus $1.38 estimate
- Revenues $2.17 billion versus $2.12 billion
- Sees Q4 revenues at $3.7 billion – $4 billion versus expected $4.08 billion
Starbucks preliminary Q4 earnings-per-share are coming in weaker than expectations:
- EPS $0.80 versus $1.03 expected
- Revenues $9.1 billion
- Shares are trading down -2.81%
Seagate technologies:
- EPS $1.58 versus $1.47 expected
- Revenue $2.17 billion versus $2.12 billion estimate
In other news McDonald’s is being linked to a severe E. coli outbreak with one person dead and 10 others hospitalized.