This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks Finish With Mild Gains


NEW YORK ( TheStreet) -- The major U.S. equity averages finished slightly higher Thursday as investors balanced mediocre jobless claims and durable goods data against mostly upbeat earnings reports.

Wall Street eagerly awaited Apple's (AAPL) quarterly results throughout the session. The stock, which fell 1.1% ahead of the numbers, was halted after the iPhone maker reported a lighter than anticipated profit for its fiscal fourth quarter but topped revenue expectations.

The Dow Jones Industrial Average added more than 26 points, or 0.20%, to close at 13,104. The blue-chip index had fallen in the previous two sessions as well as in four of the past six trading days. The Dow remains up 7.25% so far this year, but has now pulled back more than 500 points from its high for the year.

Breadth within Dow was slightly positive, with winners ahead of losers, 18 to 11 and General Electric (GE) finishing flat. The top percentage gainers were Procter & Gamble (PG), Chevron (CVX), Pfizer (PFE) and Intel (INTC).

Blue-chip decliners included Boeing (BA), Home Depot (HD) and Travelers (TRV).

The S&P 500 gained a little more than 4 points, or 0.30%, to finish at1413, while the Nasdaq also added more than 4 points, or 0.15%, at 2986.

The weakest sectors in the broad market were capital goods, conglomerates, services and technology. Consumer non-cyclicals, consumer cyclicals, energy and basic materials were in the green.

Advancers were outpacing losers by a 1.5-to-1 ratio on the New York Stock Exchange and a 1.4-to-1 ratio on the Nasdaq. Volume totaled 3.50 billion on the New York Stock Exchange and 1.92 billion on the Nasdaq.

Thursday's economic data did the equities market few favors. The Labor Department initial jobless claims in the week ended Oct. 20 came in at 369,000, a decrease of 23,000 from the previous week's upwardly revised figure of 392,000.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
MCK $224.93 0.08%
AAPL $123.22 0.37%
FB $93.86 -0.33%
GOOG $625.95 -0.21%
TSLA $255.13 0.84%

Markets

Chart of I:DJI
DOW 17,488.66 +48.07 0.28%
S&P 500 2,073.21 +5.57 0.27%
NASDAQ 5,041.2470 +1.4710 0.03%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs