NEW YORK (CNNMoney)
The Dow Jones industrial average fell 0.4%, with JPMorgan Chase (JPM, Fortune 500) and Boeing (BA, Fortune 500) leading the decline. The S&P 500 lost about 0.2%, while the Nasdaq was little changed as shares of Appl (AAPL, Fortune 500)e rebounded in early trading.
Before the market opened, JPMorgan reported better-than-expected earnings and said Chief Executive Jamie Dimon's bonus would be cut by more than half after the London Whale debacle over bad trades.
Boeing shares fell more than 4% as the aircraft maker's Dreamliner continued to face problems. Two Japanese airlines grounded their fleets of 787 aircraft after one of All Nippon Airways' Dreamliners was forced into an emergency landing.
Also reporting before the bell Wednesday was Goldman Sachs (GS, Fortune 500), which beat earnings and revenue forecasts. Goldman's results were bolstered by an increase in lending.
Meanwhile, U.S. Bancorp (USB, Fortune 500) earnings fell short of expectations due to charges related to a previously disclosed foreclosure settlement.
Overall, S&P 500 companies are expected to report earnings growth of 3.2% for the last three months of 2012, according to S&P's Capital IQ.
Related: Will the bank stock rally last?
Beyond earnings, less-than-stellar economic reports also dampened investor enthusiasm.
The government's key measure of inflation showed that U.S. consumer prices slowed to a 1.7% annual increase last month -- mostly due to a decline in gas prices.
More broadly, the World Bank lowered its outlook for global economic growth this year to 2.4%, relatively unchanged from the estimated 2.3% growth rate in 2012. The bank had previously forecast 3% growth for 2013. While growth in developing economies will remain solid, the World Bank expects activity in the develop countries to remain subdued.
The Treasury International Capital report showed an inflow of $27.8 billion in November. The TIC data, which measure foreign purchases of U.S. assets, showed that overseas investors increased their holdings of Treasury bills by $4.5 billion.
In other economic news, industrial production rose 0.3% in December, according to the Federal Reserve. Economists had anticipated a 0.2% after industrial production jumped 1% in November. At 2 p.m. ET, the Fed will release its Beige Book, a survey of regional economies.
Shares of Chipotle (CMG) plummeted in early trading, after the Mexican food chain restaurant revised fourth-quarter earnings well below analysts' expectations.
eBay (EBAY, Fortune 500) reports after the close.
U.S. stocks ended mixed Tuesday in light trading.
Related: Steeped in Greed
European markets were weaker in afternoon trading, with auto stocks falling on poor December registrations data.
Asian markets ended lower. The Nikkei dropped 2.6%, while China's Shanghai Composite shed 0.7% and Hong Kong's Hang Seng closed down 0.1%. 
First Published: January 16, 2013: 9:51 AM ET
Anda sedang membaca artikel tentang
Stocks: Boeing, JPMorgan drag on blue chips
Dengan url
http://kasiatbuatsehat.blogspot.com/2013/01/stocks-boeing-jpmorgan-drag-on-blue.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks: Boeing, JPMorgan drag on blue chips
namun jangan lupa untuk meletakkan link
Stocks: Boeing, JPMorgan drag on blue chips
sebagai sumbernya
0 komentar:
Posting Komentar