Stocks little changed as earnings season kicks into high gear

FAN Editor

Stocks opened little changed Tuesday morning as earnings season kicked into high gear.

Continue Reading Below

The Dow Jones Industrial Average was up 20 points, or less than 0.1 percent. The S&P 500 and Nasdaq were higher by 0.2 percent and 0.3 percent, respectively.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 26839.39 +11.75 +0.04%
SP500 S&P 500 3011.32 +4.60 +0.15%
I:COMP NASDAQ COMPOSITE INDEX 8177.772847 +14.79 +0.18%

On the earnings front, McDonald’s reported its first profit miss of Wall Street expectations in two years. The fast-food company did, however, raise its dividend by 8 percent to $1.25 a share.

Elsewhere, Harley-Davidson shares were higher despite its profit falling 24 percent year-over-year to $86.6 million. The motorcycle manufacturer said international retail sales rose 2.7 percent while U.S. sales fell 3.6 percent. Motorcycle shipments have fallen 5.8 percent year-to-date.

Shares of Hasbro were hit hard after the toymaker said tariffs weighed on revenues during its third quarter.

Ticker Security Last Change Change %
MCD MCDONALD’S CORP. 203.87 -5.98 -2.85%
HOG HARLEY DAVIDSON 38.98 +1.90 +5.12%
HAS HASBRO INC. 102.86 -17.30 -14.39%

Under Armour CEO Kevin Plank announced he will step down at the end of the year, and be replaced by president and COO Patrik Frisk. Plank will stay on as the company’s executive chairman. Shares rallied on the news.

Ticker Security Last Change Change %
UA UNDER ARMOUR INC 18.36 +0.20 +1.07%

Commodities were mixed with gold down 0.36 percent near $1,483 an ounce and West Texas Intermediate crude oil was up 0.94 percent at $53.81 a barrel.

CLICK HERE TO READ MORE ON FOX BUSINESS

Treasurys gained, pushing the U.S. 10-year yield down 2.4 basis points at 1.768 percent.

Free America Network Articles

Leave a Reply

Next Post

Demand for fast, online delivery drives UPS

UPS CEO, David P. Abney, on how Amazon has changed UPS. ATLANTA (AP) — UPS is reporting strong third-quarter earnings with e-commerce driving volumes higher, particularly next-day service. Continue Reading Below Next-day air delivery volumes jumped almost 24% in the three month period. MORE FROM FOXBUSINESS.COM… The Atlanta company on […]