Stock Markets News
SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal third-quarter profit fell 7 percent, as sales of personal computers continued to slide, hurting its consumer business. The world's largest software company reported quarterly profit of $5.66 billion, or 68 cents peer share, compared with $6.05 billion, or 72 cents, in the year-ago quarter. However, the decline was exaggerated by deferred revenues boosting the year-ago figure, and the latest quarter's profit beat Wall Street's average estimate of 63 cents per share. (Reporting by Bill Rigby; Editing by Cynthia Osterman)
SAN FRANCISCO (Reuters) - Amazon.com Inc reported a 32-percent jump in first-quarter net income on Thursday as the largest U.S. online retailer's revenue rose a better-than-expected 23 percent. The e-commerce giant, which is also rapidly expanding its line-up of devices and computing services to sustain its pace of growth, reported earnings per share of 23 cents, in line with Wall Street expectations. Revenue rose to $19.74 billion (11.74 billion pounds), slightly beating expectations of a 21 percent jump to $19.4 billion, according to Thomson Reuters I/B/E/S. ...
NEW YORK (Reuters) - U.S. stocks ended mostly higher in a choppy session on Thursday, powered by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine limited gains. Based on the latest available data, the Dow Jones industrial average was unchanged to end unofficially at 16,501.65. The S&P 500 gained 3.22 points or 0.17 percent, to 1,878.61. The Nasdaq Composite added 21.372 points or 0.52 percent, to close at 4,148.338. (Reporting by Caroline Valetkevitch; Editing by Jan Paschal)
Stocks closed out a volatile week on Wall Street broadly in the red Friday, as investors digested a batch of mixed economic reports amid lingering concerns over whether central banks will pare back their stimulus programs.
With investors dumping assets ranging from bonds, currencies to equities, there appears to be a lack of hope among investors that central bank policies can generate real economic recovery, said strategists.
Jobless claims drop, showing labor market still healing
The number of Americans filing new claims for jobless benefits fell last week, nearing its lowest level in five years in a sign of resilience for the U.S. labor market.