Yet more problems for the Boeing Dreamliner sent that stock down 3%. The Dow lost 23.66 points; without Boeing’s decline, the index would have closed nearly flat. Apple’s 4.1% gain ended its three-day slide and helped lift the Nasdaq; the S&P 500 inched up. Goldman Sachs and JPMorgan Chase rose on profits that trounced estimates. ‘Their earnings are just ridiculously good,’ said Harry Clark, of Clark Capital Management. ‘These giants can make money in any type of environment.’ Analysts predict S&P 500 companies will report a 3.2% rise in quarterly profit; financial and consumer companies are expected to see profits rise the most.
Boeing leads Dow lower; other indexes mixed
January 17, 2013
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