US shares tumbled on weak quarterly results

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
US stocks traded sharply lower on Friday amid disappointing US economic releases and lack of progress in eurozone's crisis resolution after EU summit. Weak corporate earnings and larger-than-expected increase in US jobless claims last week created heavy selling pressure on the US equities. The S&P 500 Index plunged 1.66% to end the week at 1,433.19. All sectors included in the index slumped. Among companies, the top-gainer was Capital One Financial. The firm soared 6.02% as profits jumped 47% last quarter. The top-losers were technology firms and basic material producers. Advanced Micro Devices sank 16.79% after the company reported that its sales of chips dropped in Q3 as buyers shifted from personal computers to tablets and smartphones. Among basic materials, Cliffs Natural Resources, Eastman Chemical and FMC Corp tumbled 2.93%, 3.39% and 1.47%, respectively. On the downside was also Chipotle Mexican Grill, losing 15.01% on reports that turnover's growth would slow sharply in 2013. 
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.