S&P drops on earnings reports - News - Dukascopy Bank

Wed, 25 Jan 2012 16:08:51 GMT
Source: Dukascopy Bank
 
© Scanpix/Reuters
S&P 500 Index slightly declined on Tuesday, pressed down by Zions and Travelers Cos disappointing earnings reports. US benchmark gauge gave up 0.1% or 1.35 points and closed at 1,314.65. Zions Bancorporation lost 7.6%,  as it posted 4th quarter earnings $0.24 per share, compared to expected $0.33 per share. Peabody Energy lost 1.7% after reporting lower than expected forecast for the 1st quarter. Coach Inc. jumped 5.8% after its revenue climbed on strong holiday sales. Western Digital surged 6.2%, as its earnings beat Wall Street expectations. 


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