Health Care

How major U.S. stock market indexes fared Thursday

How major U.S. stock market indexes fared Thursday”

After three solid sessions in a row, U.S. stocks retreated early Thursday with Dow members Cisco Systems and Wal-Mart Stores dipping after releasing their earnings reports.

High-dividend stocks like utilities and real estate companies fared slightly better than the rest of the market, although they still finished lower. The chain saw a 1.8 percent rise in same-store sales which boosted revenues, but profits plunged 23.2 percent to $2.9 billion, in part due investments in e-commerce.

The Standard & Poor's 500 index gave up 38.10 points, or 1.5 percent, to 2,430.01.

U.S. stocks finished higher Wednesday after a report showing Federal Reserve policymakers divided over anemic USA inflation despite the strengthening job market. Also sagging were the S&P 500 and the Nasdaq, each down 1.4% and 1.8% respectively.

Victoria's Secret owner L Brands fell 3.6 percent after cutting its full-year earnings forecast.

The Russell 2000 is up 1.81 points, or 0.1 percent. Elsewhere, Apple retreated $2.10, or 1.3 percent, to $158.85 while software maker Adobe Systems skidded $3.16, or 2.1 percent, to $148.64 and chipmaker Texas Instruments fell $1.82, or 2.2 percent, to $80.64.

Wal-Mart Stores Inc. (NYSE: WMT) posted strong quarterly results but still declined 1.5%, dragging other retailers down with it. But that wasn't enough to sustain a recent rally in the company's stock, and its shares lost $1.28, or 1.6 percent, to $79.70.

Corporate Earnings Chart August 17
Data courtesy of Trade-Alert

The Dow is up 1,988.13 points, or 10.1 percent.

The S&P 500 is down 11.31 points, or 0.5 percent. Consumer-focused companies haven't done as well. The yield on the 2-year note fell to 1.29 percent from 1.33 percent. Brent crude, used to price worldwide oils, added 67 cents, or 1.3 percent, to $50.94 a barrel in London.

Gold rose $9.50 to $1,292.40 an ounce. Copper lost 2 cents to $2.94 a pound.

The dollar dipped to 109.67 yen from 110.16 yen.

The Dow Jones industrial average lost 122 points, or 0.6 percent, to 21,901.

The Nasdaq is down 34.64 points, or 0.6 percent.



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