The S & P 500 index rose on Thursday in the third time in a row, while investors wagers the latest series of corporate earnings.
The wide market index added 0.36% to 6.083.57, while Nasdaq Composite rose 0.51% to 19,791.99. Dow Jones Industrial Average, however, lost 125.65 points, or 0.28%, and closed to 44,747.63.
The semiconductor sector was corrected, with Qualcomm and Arm each in decline more than 3%. Skyworks solutions lost more than 24% after the publication of quarterly results. The Ford Engine also dropped by 7% after the car manufacturer forecasted the heavy 2025. Year.
Honeywell shares ended a day off more than 5%, withdrawing Dow lower, after the company published the guidelines on earnings for the whole year that did not meet the expectations of analysts. The conglomerate has also announced that they will be divided into three companies.
In contrast, Philip Morris shares increased by almost 11% after the International Tobacco company reported earnings and revenues for the fourth quarter of better than expected, SEEbiz reports. The stock is record close.
“Today’s price movement has definitely seemed idiosincrative, and that is many times when they see the earnings in which investors focus on individual companies,” Portfolio Manager manager in Horizon Investments, for CNBC.
Meanwhile, the investors seem to be free from customs concerns, which began on Monday after President Donald Trump announced a 10-percent tax on Chinese imports over the weekend. The mood was improved after the president paused the customs on Mexican and Canadian goods.
“It’s still something that, although it doesn’t really affect the movement of prices, we think something that’s going to be in the investor’s calculator for a while,” Hill added.
Wall Street is now waiting for a birth certificate for January, whose publication is planned for Friday at 8:30 am. Et. Economists who surveyed Dow Jones predict salary growth in the non-agricultural sector of 169,000 for this month, which is less than 256,000 new jobs in December.
