Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Bernanke steps into the spotlight
Bernanke steps into the spotlight - 02:13
The official royal wedding guest list revealed
The official royal wedding guest list revealed - 01:23
Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Hospital staff flee border fighting
Hospital staff flee border fighting - 01:10
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Three blasts hit Kirkuk
Three blasts hit Kirkuk - 01:25
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
S&P Credit Rating Warning Helpful - Lister
S&P Credit Rating Warning Helpful - Lister - 00:53

Banks weigh on the Dow

Wednesday, February 08, 2017 - 01:23

The S&P 500 ended slightly higher on Wednesday as investors digested mixed earnings reports, while the Dow Jones Industrial Average slipped as bank stocks weighed. Angela Moore reports.

▲ Hide Transcript

▶ View Transcript

Wall Street closed little changed on Wednesday, with banks weighing on the Dow. First Standard Financial's Peter Cardillo says earnings have been good, but he doesn't see the indexes climbing much higher. SOUNDBITE: PETER CARDILLO, CHIEF MARKET ECONOMIST, FIRST STANDARD FINANCIAL, (ENGLISH) SAYING: "Within the next few weeks going into March, there's a good possibility that we could see a pullback, and that pullback is probably going to be induced by the uncertainties that we're going under." The film, "Fantastic Beasts and Where to Find Them" propelled Time Warner's quarterly revenue sharply higher. Revenue rose across its three main business segments. Helping lift the S&P 500: Alaska Air. An increase in passengers boosted revenue nearly 11 percent. Weighing on the S&P: Gilead Sciences. Shares dropped and 11 analysts cut their price targets a day after the drugmaker forecast weak sales of its hepatitis C drugs this year. Nordstrom shares rose even though President Donald Trump criticized the department store chain, contending his daughter Ivanka was unfairly treated after Nordstrom decided not to buy her clothing line for this upcoming season. In Europe, good earnings drove shares higher, but the DAX closed just below break even.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Banks weigh on the Dow

Wednesday, February 08, 2017 - 01:23