News

Dow Jones down for 3rd straight day

Dow Jones down for 3rd straight day
Dow Jones down for 3rd straight day
Subscribe to Newsletter

Dow Jones down for 3rd straight day

  • 4437
  • 2 min.
  • 13 connections
Dow Jones down for 3rd straight day

Stock market trading on Thursday

The Dow Jones Industrial Average US stock index fell for the third straight session on Thursday, while gains in technology stocks contributed to gains in the S&P 500 and Nasdaq.

The Dow Jones Industrial Average index fell 66.57 points (0.19%) to 34894.12 points on Thursday.

At the same time, the Standard&Poor's 500 rose 5.53 points (0.13%) on the day to 4405.8 points.

Nasdaq Composite by the end of trading rose by 15.87 points (0.11%) to 14541.79.

Investors remain positive about corporate earnings growth, but concerns about the spread of a new strain of coronavirus infection continue to weigh on market sentiment, MarketWatch noted.

The number of Americans who applied for unemployment benefits for the first time decreased by 29,000 to 348,000 last week, the US Labor Department said on Thursday.

Among the companies included in the calculation of the Dow Jones Index, shares of Boeing (NYSE:BA) (-3.1%), Caterpillar (NYSE:CAT) (-2.6%) and Chevron (NYSE:CVX) (-2.5%) fell the most.

Meanwhile, the share price of Cisco Systems Inc (NASDAQ:CSCO). rose 3.8%. The networking equipment maker posted stronger-than-expected net income and revenue gains in its fiscal fourth quarter (May-July) on higher product orders.

Graphics processor maker Nvidia Corp (NASDAQ:NVDA). posted record net income and revenue for the second fiscal quarter that ended Aug. 1. The company's capitalisation rose 4%.

Shares of Bath&Body Works, formerly L Brands Inc. jumped 10.5%. The perfume manufacturer posted better-than-consensus net profit in the second fiscal quarter (May-July).

Department store chain Macy's Inc. (SPB: NYSE:M) posted strong financial results in its fiscal second quarter, allowing it to raise its full-year outlook. In addition, the company said it will resume paying dividends and launch a $500 million share buyback program. Macy's stock soared nearly 20 percent.

Kohl's Corp (NYSE:KSS). shares gained 7.3%.

Cosmetics company Estee Lauder (NYSE:EL) Cos. Inc. reported better-than-expected fourth-quarter earnings and revenue and gave a strong outlook for the current fiscal year. The company's market value rose 2.6%.

Companies13 in the news

Tags:
Section: business

Related news

Last news

Quotes

All

Jimmy Kimmel Replacement Tiffany Haddish Vows to Keep Making Trump ‘Mad’ With One Move

HADDISH Tiffany
HADDISH Tiffany

I had the best time this week. I made some new friends. I told some jokes that pissed off the White House. And now I can go back to making the president mad just by being a successful Black woman

Montel Williams Makes Rare Comment About Ex-Girlfriend Kamala Harris

WILLIAMS Montel
WILLIAMS Montel

I’m one of those guys that I don’t kiss and tell

Former NFL Player Marcellus Wiley Arrested on Domestic Battery Charge

WILEY Marcellus
WILEY Marcellus

I’m going to continue to challenge all these false accusations

Morgan Kohan Reveals How Scott Patterson’s Exit Changed Sullivan’s Crossing

KOHAN Morgan
KOHAN Morgan

It’s interesting. There are always going to be different dynamics

Kate Middleton Attends Wimbledon After Completing U.K. Three Peaks Challenge

CATHERINE, Duchess of Cambridge (Catherine Elizabeth Middleton)
CATHERINE, Duchess of Cambridge (Catherine Elizabeth Middleton)

I have taken on the National Three Peaks Challenge, not simply as a physical endeavour but as a chance to explore life beyond diagnosis and to give something back

Events

All

Swimming Pool Day 11 July

National Swimming Pool Day is celebrated annually on July 11 to honor the joy and relaxation that swimming pools bring to our lives. This day highligh ...

Read more >