Washington (dpa) – Major US stock indices were divided Thursday.
Most corporate earnings exceeded expectations, bolstering confidence in the economy and equity valuations.
Technology bellwether Apple Inc saw its stock price plummet 12 per cent. The world’s most valuable company had delivered a quarterly report after the close of trading Wednesday with slower sales and a 10-year low in profit growth.
The blue-chip Dow Jones Industrial Average rose 46 points, or 0.33 per cent, to 13,825.33. The broader Standard & Poor’s 500 Index was almost unchanged, adding 0.01 points to 1,494.82. The technology-heavy Nasdaq Composite Index tumbled 23.29 points, or 0.74 per cent, to 3,130.38.
The US currency was off against the euro at 74.76 euro cents from 75.13 euro cents on Wednesday. The dollar jumped against the Japanese currency to 90.39 yen from 88.53 yen.