U.S. Stocks Flat to Slightly Lower After Weak Earnings, Turkey Turmoil
U.S. stocks opened flat to slightly lower Friday, dinged after a round of disappointing corporate earnings and renewed pressure on Turkey’s lira.
The S&P 500 fell 0.1% to 2,837.54, while the Dow industrials were up 9 points, or less than 0.1%, at 25,567. The Nasdaq Composite lost 0.1% to 7,798.14.
Tech stocks were under pressure, with shares of Nvidia Corp., down 3.1%, and Applied Materials Inc., off more than 8%, after reporting earnings late Thursday. Shares of farm-equipment maker Deere & Co. fell 2.8% after providing a downbeat growth outlook.
Source : Market Watch
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