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Stocks End Mixed Amid Apple (AAPL) Results; Netflix (NFLX) Surges

 January 24, 2013 04:32 PM

(By Balachander) U.S. stocks closed on a mixed note as disappointing quarterly sales and forecast from Apple weighed on the sentiment.

The S&P 500 Index ended flat at 1,494.82. The Dow Jones Industrial Average gained 0.33 percent to finish at 13,825.33. The Nasdaq Composite Index retreated 0.74 percent to close at 3,130.38.

On the domestic economic front, the number of Americans who continued to receive jobless benefits unexpectedly fell last week, a government data showed. Jobless claims declined 5,000 to 330,000 for the week ended Jan. 19 from a revised 335,000, while economists projected 355,000 applications.

The Conference Board's leading economic indicators index for December rose 0.5 percent, better than expectations of an increase of 0.3 percent.  


[Related -Netflix, Inc. (NFLX) Q4 Earnings Preview: What To Watch?]

Apple Inc. (NASDAQ: AAPL) tumbled 12.35 percent after the technology giant guided second-quarter revenue below market expectations. The company's iPhone sales jumped 29 percent to 47.8 million units in the first quarter, yet came in below market expectations of 50 million units.

Bristol Myers Squibb Co. (NYSE: BMY) added 2.61 percent after the pharmaceutical products company delivered stronger-than-forecast quarterly earnings.

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

Nokia Corp. (NYSE: NOK) lost 8.19 percent after the struggling phone maker gave a weak outlook for the first quarter and suspended dividend to boost liquidity.

Netflix Inc. (NASDAQ: NFLX) spiked 42.22 percent after the online video-rental service company posted an unexpected quarterly profit and issued an upbeat outlook. Earnings and revenue topped market expectations.

Xerox Corp. (NYSE: XRX) gained 2.24 percent after the document services company posted better-than-expected quarterly earnings and revenue, helped by strong growth at its services business.

McCormick & Co Inc. (NYSE: MKC) retreated 6.34 percent after the spice maker posted quarterly results that missed market expectations and issued a downbeat outlook.

Diebold Inc. (NYSE: DBD) slumped 8.42 percent after the provider of security systems issued a downbeat forecast for the fourth quarter and said CEO Thomas Swidarski is stepping down.

Swift Transportation Co. (NYSE: SWFT) soared 28.45 percent after the truckload carrier posted better-than-expected profit for the fourth quarter.

OSI Systems Inc. (NASDAQ: OSIS) dropped 19.66 percent after the electronic systems maker's second-quarter revenue missed Wall Street estimates.

Travelzoo Inc. (NASDAQ: TZOO) surged 24.31 percent after the online ticket agent posted better-than-expected results for the fourth quarter.  

Global Markets

European markets ended in green, with Germany's DAX up 0.53 percent to close at 7,748.13. France's CAC40 advanced 0.70 percent to finish at 3,752.17. The U.K.'s FTSE 100 rallied 1.09 percent to end at 6,264.91.

Asian markets closed mixed, with China's Shanghai Stock Exchange Composite Index down 0.79 percent to close at 2,302.60. Japan's Nikkei 225 rose 1.28 percent to finish at 10,620.87. Hong Kong's Hang Seng Index shed 0.15 percent to end at 23,598.90. India's BSE Sensex ended 0.51 percent lower at 19,923.78.   

Commodity & Currency Scan

Crude oil futures rose 0.83 percent to $96.01 per barrel while natural gas futures dropped 2.62 percent to $3.46 per million metric British thermal units. Gold futures fell 1.13 percent to $1,667.70 per ounce while silver futures shed 2.37 percent to $31.68 per ounce.

In the currency market, the euro added 0.43 percent against the U.S. dollar at 1.3375. The British pound fell 0.36 percent against the greenback to 1.5788, while the dollar jumped 2.00 percent against the Japanese yen to 90.3800.



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