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LinkedIn earnings beat. Wall St flat as investors look to jobs data

Thursday, August 04, 2016 - 01:19

Wall Street stocks ended little changed on Thursday as investors kept to the sidelines ahead of Friday's U.S. payrolls report for July. Bobbi Rebell reports.

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LinkedIn reporting better than expected earnings and revenue after the closing bell. Revenue was up 31 percent for the professional social media network that is set to merge with Microsoft. Stocks closing mostly higher just one day ahead of the monthly jobs report. Investors wary of making big bets ahead of the closely watched data. Sam Stovall of S&P Global Market Intelligence: SOUNDBITE: SAM STOVALL, U.S. EQUITY STRATEGIST, S&P GLOBAL MARKET INTELLIGENCE (ENGLISH) SAYING: "The street is looking for a gain of about 170,000 jobs. This is quite a bit lower than the 283,000 that we got last month but still on average about where we should be. So the street is looking for 170. S&P is looking for 190. So we might be pleasantly surprised. " MetLife stock dropping after quarterly profit at the largest U.S. life insurer fell 94 percent. Viacom's profit fell sharply. Pulling it lower: the latest installment of the "Teenage Mutant Ninja Turtles" series fell short of expectations at the box office. Lower ratings and a fall in ad revenues hurt the conglomerate's media networks business. European shares rose after the Bank of England cut interest rates for the first time since 2009 and revived bond purchases.

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LinkedIn earnings beat. Wall St flat as investors look to jobs data

Thursday, August 04, 2016 - 01:19