Stocks Mixed; Merrill Lynch Reports Wide Loss, Job Cuts
Stocks closed mixed on Thursday after disappointing results from Merrill Lynch, Pfizer and Nokia. Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) and Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating) report earnings after the close.
The Dow rose +1.22, the S&P 500 +0.85 and the Nasdaq Composite fell -8.28.
Merrill Lynch
(
MER |
Quote |
Chart |
News |
PowerRating) reported a wider than expected loss of -$2.20 per share. However, MER rose 4.1%
Pfizer
(
PFE |
Quote |
Chart |
News |
PowerRating) reported first quarter results that missed estimates for both top and bottom line numbers. PFE fell 3.3%.
Shares of Nokia
(
NOK |
Quote |
Chart |
News |
PowerRating) plunged 14.1% after the company reported quarterly earnings that beat estimates by $0.02, but issued a gloomy outlook.
Sallie Mae
(
SLM |
Quote |
Chart |
News |
PowerRating) reported earnings that beat estimates by $0.10. SLM gained 5.7%.
Harley-Davidson
(
HOG |
Quote |
Chart |
News |
PowerRating) fell 1.9% after the company issued a disappointing outlook.
| Market Snapshot | ||||||||||||
|
| Economic News |
|
|