Thursday, July 24, 2014

Stocks closed in a Gain

Dow Jones    17,086.63    -26.91    (-0.16%)
S&P 500    1,987.01    +3.48    (0.18%)
Nasdaq    4,473.70    +17.68    (0.40%)

Dow close in a loss falling by 26.91 points, or 0.2% to 17,086.63 it was affected by Boeing’s disappointing revenue. S&P 500 closed with a record high 1,987.01 up by  3.48 points. The Nasdaq composite rose 17.68 points, or 0.4% to end at 4,473.70.

Apple’s income met expectations, as did Microsoft’s. Biotechnology stocks, were a bright spot, too; Puma soared 295% on trial results for a breast cancer drug. Biogen Idec rose 11% after raising its full-year profit forecast. Ariad gained 15.3%. Intuitive Surgical rose 18%, the most in five years. The maker of robotics used in surgery posted profit that surpassed forecasts. Cubist didn’t get to go along for the ride, though; it fell 4.8%. Blame weaker-than-expected quarterly revenue and several price-target cuts by analysts.

Facebook rose 4 percent in aftermarket trading to 74.05 after the company reported a profit that more than doubled in the second quarter and topped expectations.

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