U.S. equity markets close flat
U.S. equity markets close fl...
Subscribe to Newsletter

U.S. equity markets close flat

11 February 2021
3393
2 min.
10
U.S. equity markets close flat

U.S. stock market

US stock indices showed no unified dynamics in Wednesday's trading, with the Dow Jones Index hitting a record high.

The Dow Jones Industrial Average climbed 61.97 points (0.2 per cent) to 31437.8 points. The Standard Poor's 500 fell 1.25 points (0.03%) to 3909.88 points. The Nasdaq Composite lost 35.16 points (0.25%) to 13972.53 points.

Shares of Coca-Cola Co (NYSE:KO). fell 0.2%. The world's largest soft drink maker recorded a decline in net income in Q4 2020, but the adjusted figure beat market expectations, causing the stock to rise.

Twitter Inc. shares jumped 13.2%. The U.S. company, which owns the microblogging network of the same name, increased its net profit in Q4 2020 and for the second time in its history, earned quarterly revenue above $1 billion.

Shares of Mattel Inc (NASDAQ:MAT). fell 2.1% despite the company's financial results.

Shares of Yelp Inc. fell 4.5%, although the online review platform posted a net profit of $21.1 million in Q4 on a projected break-even basis. The company's revenue rose 15% and exceeded forecasts.

Cisco Systems Inc (NASDAQ:CSCO). stock price was down 2.6%. The US networking equipment maker recorded stronger-than-expected results for its fiscal second quarter, but its revenue in some segments fell short of forecasts.

Yesterday, investors evaluated statistical data, corporate reports and a speech by US Federal Reserve (Fed) Chairman Jerome Powell at the Economic Club of New York conference.

US consumer prices (CPI) rose 1.4 per cent in January compared with the same month a year earlier, data from the country's Department of Labor showed. A similar rate of increase was recorded in December.

The US state budget deficit stood at $163bn in January, compared with $32.6bn a year earlier, the country's Finance Ministry said.

Persons1 and Companies9 in the news

6th Chair of the Federal Reserve
1 place
Yelp
1 place
Mattel
2 place
Nasdaq
4 place
Dow Jones
5 place
X (Twitter)
7 place
Coca-Cola
8 place
Cisco
9 place
Section:
Rating companies
Instagram
17 Mention
Netflix
17 Mention
X (Twitter)
11 Mention
Amazon
8 Mention
TikTok
8 Mention
Tesla
8 Mention
White House
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8166198943
Died this year
50938253
Born this year
125317118