Stock Markets Latest News: Dow, S&P Fall on Mixed Earnings, Nasdaq Likes Facebook

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Stock Markets Latest News: Dow, S&P Fall on Mixed Earnings, Nasdaq Likes Facebook

by Wochit 0:53 mins

Stock Markets Latest News: Dow, S&P Fall on Mixed Earnings, Nasdaq Likes Facebook

by Wochit 0:53 mins

U.S. stocks mostly slipped on Thursday, with cyclical sectors falling on some disappointing earnings and concerns about China's growth, though Facebook's rally gave the Nasdaq a lift. Federal-authorities-were-planning-to-arrest-several-people on charges that they hacked into the computer servers of financial companies, including the parent company of the Nasdaq stock exchange, according to people briefed on the arrests. While many feel this uptrend is losing steam, Jonathan Krinsky, chief technical market analyst at Miller, Tabak & Co., sees symmetry with a spring rally that, if repeated, would take the S&P 500 to 1,712 in the short term.

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