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U.S. equity markets close flat

11 February 2021
2163
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
Twitter
7 place
Coca-Cola
8 place
Cisco
9 place
Section:

Discussion

Rating companies
Tesla
56 Mention
Apple
55 Mention
Amazon
52 Mention
Nasdaq
51 Mention
Dow Jones
43 Mention
Facebook
43 Mention
Microsoft
31 Mention

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