National News

Apr 24, 2014 10:03 AM by Associated Press

Mixed earnings news leaves stocks little changed

NEW YORK (AP) - Mixed earnings news from big U.S. companies left investors searching for direction in early trading, leaving major indexes little changed.

Raytheon fell 5 percent after its results for the first quarter came up short of what investors were expecting. 3M fell 2 percent after its earnings disappointed.

There were plenty of bright spots in the earnings news. Apple led a gain in the technology sector after announcing a big earnings gain, a stock split and a dividend increase. Apple rose 8 percent. Caterpillar also rose after its earnings beat analysts' forecasts.

The Standard & Poor's 500 index was unchanged at 1,875 as of 10 a.m. Eastern time Thursday.

The Dow Jones industrial average edged up 21 points to 16,474 and the Nasdaq rose three to 4,130.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

»Comments

PLEASE HELP US MODERATE COMMENTS

Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.

Thank you! KSBY.com


Most Popular

Top Videos

1 2 3 4