April 17, 2014 -- 4:15 p.m. - 04/17/14
Stocks finished little changed on Thursday. The Dow fell 16 points to 16408. The S&P 500 was 3 points higher at 1864. The NASDAQ rose 9 points to 4095. The U.S. stock market is closed on Friday for the Easter holiday.
The major averages ended the session mixed as investors weighed a mixed bag of corporate profit releases. Shares of General Electric climbed 1.7% to $26.56 after posting quarterly results above consensus estimates. Google slumped 3.7% to $543.34 as revenues fell short of analyst projections. Seven of 10 sectors in the S&P 500 were higher on the session. Energy was the best performing group. Chevron was up 1.5% to $123.68. Utilities were down the most with Southern Company declining 1.5% to $45.12.
Investor attention was also on Ukraine. Stocks edged higher after a meeting of representatives from the European Union, Russia, Ukraine and the U.S concluded with an initial agreement to calm the conflict. On the economic front, weekly jobless claims rose modestly to 304,000, less than the 315,000 consensus projection.
Breadth was positive on issues by 10-7 on the NYSE; 11-6 on the NASDAQ. Composite NYSE volume totaled 3.3 billion shares.
Treasuries fell sharply with the 10-year note down 25/32 to yield 2.72%.
The major averages ended the holiday shortened week in positive territory. The Dow and NASDAQ both rose 2.4% while the S&P 500 climbed 2.7%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.