New York, October 19 (FinanceEnquiry.com) – With futures for the S&P 500 down by 0.1 percent, the Dow Jones futures up by 0.05 percent and the NASDAQ 100 futures down by 0.16 percent, a mixed start on Wall Street was indicated today by stock index futures.
Comprising the leader General Electric Company (NYSE: GE), investors waited with expectation results from numerous industrial companies on October 18. Quarterly profit of Microsoft Corporation (NASDAQ: MSFT) declined a better than anticipated 22 percent.
However, quarterly profit of Capital One Financial Corp (NYSE: COF) grew 44 percent. On Thursday, Advanced Micro Devices, Inc (NYSE: AMD), a chip manufacturer of PC, informed about slashing its personnel of almost 12,000 by 15 percent. With technology stocks hit harshly when Google Inc (NASDAQ: GOOG) unexpectedly feeble earnings, released ahead of time during the trading day, let down investors, the US stocks declined.
In order to end at 13,548.94, the Dow Jones industrial average sank by 8.06 points, or 0.06 percent. In addition, so to close1,457.34, the Standard & Poor’s 500 Index dropped by 3.57 points, or 0.24 percent and to finish at 3,072.87, the NASDAQ Composite Index skidded by 31.26 points, or 1.01 percent.
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