Indices closed out mixed on Friday. The Dow and S&P 500 ended in the green zone. The Nasdaq shed some points. Microsoft, Travelers and General Electric led the Dow’s ascent. Apple led losses on the Nasdaq. Crude oil futures tacked on 78 cents to settle at $103.05 a barrel. In earnings action, McDonald’s posted first- quarter earnings of $1.23 a share, up from $1.15, a year ago. Meanwhile, General Electric reported a first-quarter profit of $3.03 billion, or 29 cents a share, down from $3.43 billion, or 31 cents, a year earlier. Elsewhere, Kimberly Clark said net earnings hit $468 million or $1.18 a share, versus profit of $350 million or 86 cents, last year. Looking ahead, earnings season rolls on next week with details due from the likes of Apple, Amazon.com, Caterpillar, and Exxon Mobil.
Disclosures:
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing.