U.S. equities struggled to find a definitive direction today as investors digested the latest earnings and economic reports. Boeing (BA) managed top analysts’ revenue expectations, while AT&T (T) missed the mark on revenues. AT&T’s results follow a recent trend seen this earnings season with companies beating profits not because revenues are up, but because costs have decreased. Tech-giant Apple’s (AAPL) highly anticipated earnings report was also released after the closing bell yesterday; the company announced an annualized $10.60 dividend and ended the day flat. In economic news, durable goods orders in March tumbled 5.7%, markings its steepest decline in seven months [see What Can You Buy With Apple's Cash?]. Global Market Overview: PPA Pops On Boeing Earnings, IBB Slumps On Declining Amgen Sales Following today’s disappointing earnings and durable goods reports, only two major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF ended 0.24% lower, as its underlying index [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Lower On European Concerns Daily ETF Roundup: Buy The Rumor, Sell The Tweet Daily ETF Roundup: OIH Jumps On Strong Earnings, TAN Soars After Acquisition Deal Daily ETF Roundup: IHF And XLK Slump On Lackluster Earnings Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013
U.S. equities struggled to find a definitive direction today as investors digested the latest earnings and economic reports. Boeing (BA) managed top analysts’ revenue expectations, while AT&T (T) missed the mark on revenues. AT&T’s results follow a recent trend seen this earnings season with companies beating profits not because revenues are up, but because costs have decreased. Tech-giant Apple’s (AAPL) highly anticipated earnings report was also released after the closing bell yesterday; the company announced an annualized $10.60 dividend and ended the day flat. In economic news, durable goods orders in March tumbled 5.7%, markings its steepest decline in seven months [see What Can You Buy With Apple's Cash?]. Global Market Overview: PPA Pops On Boeing Earnings, IBB Slumps On Declining Amgen Sales Following today’s disappointing earnings and durable goods reports, only two major U.S. equity indexes managed to close in positive territory. The Dow Jones Industrial Average ETF ended 0.24% lower, as its underlying index [...]
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