© Reuters.

Investing.com – Wall Street was mixed on Friday, as disappointing earnings from Amazon (NASDAQ:) offset positive results from other companies.

The was up 62 points or 0.2% by 9:47 AM ET (13:47 GMT), while the was down 2 points or 0.1% and the slipped 20 points or 0.3%.

Shares of Amazon.com (NASDAQ:) slumped 3.7% after the e-commerce giant forecast operating income in the current holiday quarter will be well below the consensus due to competition.

Anheuser Busch Inbev (NYSE:) slumped 8.5% after the brewer cut its full-year forecasts due to declining sales, while Boeing (NYSE:) dipped 0.9% after it was blamed in an Indonesian report for the fatal crash of a Lion Air flight involving the company’s 737 MAX jet.

Still, most companies have posted positive results this quarter, with 80% of the 168 companies that have reported earnings so far beating profit expectations, according to Refinitiv data.

“We’ve had some misses … mostly due to trade war concerns, but overall, it looks like we’re headed for a fairly good earnings season,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

Intel (NASDAQ:) was one of the stocks to do better than expected. Its stock jumped 6% after it raised its full-year revenue outlook on the back of a strong third quarter, while Visa (NYSE:) gained 1% on a jump in revenue.

In commodities, the , which measures the greenback against a basket of six major currencies, was up 0.2% to 97.547 and gained 0.8% to $1,516.95 a troy ounce. were down 0.3% to $56.08 a barrel.

-Reuters contributed to this report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-10-25