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Home / Business / Dow Trades Lower as Apple's downturn compensates gains in General Electric

Dow Trades Lower as Apple's downturn compensates gains in General Electric



Here are 3 Hot Things to Know About Stocks Right Now

  • The S & P 500 and the Nasdaq were completed on Thursday for the first time in four sessions on the lower Thursday course.
  • The Dow Jones Industrial Average lost its second straight day on Thursday.
  • Despite Friday's declines, the three US benchmark stock indices remained on course to end the week higher.

Wall Street Overview

Shares fell on Friday, April 20, as sharp gains at General Electric Co. (GE) were offset by a continued slump in the shares of Apple Inc. (AAPL).

The Dow Jones Industrial Average lost 68 points or 0.28%. until 24.596 the S & P 500 fell by 0.29% and the Nasdaq by 0.6%.

General Electric reported adjusted earnings for the first quarter of 1

6 cents a share, outperforming Wall Street forecasts of 12 cents. The company's revenue was $ 26.87 billion, below estimates of $ 27.6 billion. The stock jumped 4.4 on Friday.

Apple slipped 3.1% after sub sidiary Taiwan Semiconductor Manufacturing Co. (TSM) made a weak forecast suggesting that sales of the iPhone X have come under pressure.

Schlumberger NV (SLB) scored first place-quarter adjusted for 38 cents a share, outperforming estimates by 1 cent. Sales of $ 7.83 billion also outperformed analysts' views. The stock fell 1.9%.

Honeywell International Inc. (HON) increased 1.9% after gains and sales exceeded expectations, and the company increased its earnings forecast for 2018.

Apple, Schlumberger and Honeywell are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Would you like to be warned before Cramer buys or sells the stocks? Learn more now.

Wells Fargo & Co. (WFC) approved a $ 1 billion fine by the Financial Regulator and the Office of the Comptroller of the Currency to commit abuse in its auto insurance and mortgage credit businesses.

Chip maker Qualcomm Inc. (QCOM) has begun dismissing employees to avoid spending $ 1 billion. Qualcomm will dismiss more than 4% of its workforce as of June, according to the California Employment Development Agency. More than 1,500 layoffs will take place in California, including San Diego, where the company is headquartered.

Skechers USA Inc. (SKX) slipped 27.3% on Friday after shoe maker announced lower than expected 2003 sales and earnings forecasts After a good start to the new financial year, the second quarter follows.

Toymaker Mattel Inc. (MAT) has appointed Ynon Kreiz as its new CEO. He will take over the post on April 26th.

Kreiz, who has been Director since June 2017, will also be Chairman of the Board of Directors with effect from the time of his election as Chairman of the Supervisory Board on 17 May. He replaces Margaret Georgiadis, who informed the resigned Supervisory Board.

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