U.S. stocks close mixed amid earnings reports

Source: Xinhua| 2017-10-20 06:52:44|Editor: Hou Qiang
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NEW YORK, Oct. 19 (Xinhua) -- U.S. stocks ended mixed on Thursday, with the Dow and S&P 500 setting record highs, as investors were sifting through the overall positive corporate earnings reports.

The Dow Jones Industrial Average added 5.44 points, or 0.02 percent, to 23,163.04. The S&P 500 gained 0.84 points, or 0.03 percent, to 2,562.10. The Nasdaq Composite Index was down 19.15 points, or 0.29 percent, to 6,605.07.

All three major indexes posted record highs on Wednesday, with the Dow rallying over 160 points to break the 23,000-threshold for the first time.

Traders continued to look into third-quarter corporate earnings reports on Thursday.

U.S. e-commerce company EBay reported better-than-expected quarterly revenue as well as earnings per share that met expectations. However, the company reported mixed guidance for the fourth quarter, sending the stock down 1.79 percent to close at 37.29 U.S. dollars per share.

According to consulting company Earnings Scout, this earnings season has gotten off to a good start, about 80 percent of companies that have reported beating on the bottom line, while over 70 percent have topped sales estimates.

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