Markets Mixed at Wall Street Closing Bell
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iStock/Thinkstock(NEW YORK) — Corporate earnings and delayed government data led to a mixed close for financial markets Monday. The Dow lost nearly eight points at 15,392. The Nasdaq Composite closed up six points. The S&P 500 was up a fraction at the end of trading.
Among major U.S. companies releasing earnings results for the third quarter, McDonald’s led the Dow lower after missing analysts’ forecasts for revenue. McDonald’s has struggled recently as it faces greater competition and changing tastes.
After Monday’s closing bell, Netflix reported better-than-expected quarterly earnings, with streaming subscriptions growing to 31 million. The best performing stock in the S&P stock index, Netflix shares soared in afterhours trading. Over the last 12 months, Netflix stock is up a staggering 446 percent.
Now that a deal to raise the U.S. debt ceiling has been reached, crude oil is moving the markets. The benchmark price fell below $100 a barrel for the first time since early July.
Oil services company Halliburton’s third-quarter income soared as revenue rose overseas, but results fell short of estimates.
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