The major market indexes stuck close to breakeven today, as Wall Street weighed the latest earnings and economic reports. On one hand, Facebook Inc (NASDAQ:FB) soared to record highs in the wake of a solid earnings showing, and first-time jobless claims fell to their lowest point in more than eight years. However, not all was rosy; QUALCOMM, Inc. (NASDAQ:QCOM) was among the day's earnings laggards, and the latest housing stats failed to impress. Against this backdrop, it was a photo finish, with the Dow Jones Industrial Average (DJI) resolving to the downside, and the S&P 500 Index (SPX) extending its quest for all-time highs.
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The Dow Jones Industrial Average (DJI - 17,083.80) settled 2.8 points, or 0.02%, lower, despite 17 of its 30 components ending in the black. Nike Inc (NYSE:NKE) paced the advancing majority, tacking on 1.6%, while Caterpillar Inc. (NYSE:CAT) led the 12 decliners with a 3.1% drop. McDonald's Corporation (NYSE:MCD) split the difference, finishing flat.
The S&P 500 Index (SPX - 1,987.98) eked out a fractional win, and touched a record peak of 1,991.39 in intraday action -- the SPX's third straight day exploring all-time highs. The Nasdaq Composite (COMP - 4,472.11) ended a wishy-washy session with a loss of 1.6 points, or 0.04%.
The CBOE Volatility Index (VIX - 11.84) edged 0.3 point, or 2.8%, higher, but failed to reclaim its perch atop the 12 marker.
5 Items on Our Radar Today:
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