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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