All Sections
Welcome guest, you have 3 views left.  Register| Sign In

Intel, GE send S&P, Nasdaq down; Dow gains

NEW YORK (Reuters) — The S&P 500 and Nasdaq declined Friday as results from Intel and General Electric were the latest to dampen the view on fourth-quarter earnings.

Volatility picked up late in the session, thanks in part to selling related to options expiration, analysts said. Bucking the trend, the Dow ended higher — helped by a rally in American Express Co and Visa. AmEx jumped 3.6 percent to $90.97 a day after reporting quarterly results.

Intel's stock slid 2.6 percent to $25.85 and was among the top weights on each of the three major U.S. stock indexes, a day after the chipmaker gave a lukewarm forecast for first-quarter revenue and posted fourth-quarter earnings that missed expectations by a penny
General Electric shares dropped 2.3 percent to $26.58 after the conglomerate reported disappointing 2013 profit margins.

Ice Day Ice Day
Sunday, 9 a.m.

Mostly Mozart Festival Mostly Mozart Festival
Friday, 7:30 p.m.,
Saturday, 2 p.m.,
Sunday, 2 p.m.

Driving Miss Daisy Driving Miss Daisy
Friday, 8 p.m.,
Saturday, 2 p.m. and 8 p.m.,
Sunday, 2 p.m.

Follow us on Twitter Follow us on Facebook Follow our RSS feed
Union Leader app for Apple iPad or Android *
Click to download from Apple Apps StoreClick to download from Android Marketplace
* e-Edition subscription required

More Business

NH Angle