In addition, eBay Inc (NASDAQ: EBAY), an e-commerce company, gave a guarded estimate for the vital holiday season in the middle of a brewing cost conflict between giant retailers and contender Amazon.com Inc (NASDAQ: AMZN), although strong quarterly results were posted yesterday by EBAY. Post the bell, shares of eBay were down 4.1 percent.
Moreover, on apprehensions over corporate earnings, European shares skidded by 0.1 percent on October 18. Besides, when IBM reported feeble revenue, the Dow was weighed down at the same time as the S&P 500 grew for the third straight day on October 17 when housing starts struck a high of four-year.
So to end at 13,557, the Dow Jones industrial average grew by 5.22 points, or 0.04 percent. In order to close at 1,460.91, the Standard & Poor’s 500 Index advanced by 5.99 points, or 0.41 percent and so to finish at 3,104.12, the NASDAQ Composite Index ameliorated by 2.95 points, or 0.10 percent.
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