Stock market news

Post Market News

Stocks that were active in the U.S. trading on Thursday are Morgan Stanley (NYSE:MS), Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Advanced Micro Devices, Inc. (NYSE:AMD) and Nokia Corporation (NYSE:NOK).

Market Levels

  • U.S.: Dow Jones: 14,554.40 (-0.44%), S&P 500: 1,541.62 (-0.67%), Nasdaq: 3,166.36 (-1.20%)
  • World Markets: Shanghai: 2,197.60 (+0.17%), Nikkei 225: 13,220.07 (-1.22%), Hang Seng Index: 21,512.52 (-0.26%), TSEC: 7,791.35 (-0.23%), FTSE 100: 6,243.67 (-0.01%), EURO STOXX 50: 2,555.50 (0.08%), BSE Sensex: 19016.46 (+1.52%)
  • Metals: Gold: $1382.20 (-0.33%), Silver: $23.31 (-1.36%), Copper: $28.05 (+0.18%)
  • Currency: EUR/USD: 1.3049 (+0.28%), USD/JPY: 98.12 (+0.28%), GBP/USD: 1.5284 (+0.31%), USD/CAD: 1.0268 (-0.03%), USD/CNY: 6.1813 (+0.15%), AUD/USD: 1.0283 (-0.09%)
  • 10 year U.S. Treasury: 1.69% (-0.01)

Market And Economy News

The U.S. markets ended the session lower for the third consecutive day as all the three major indexes witnessed a decline. The Dow Jones Industrial Average declined 64.19 points to close at 14,554.40, the S&P 500 Index was down 10.40 points to 1,541.61, and Nasdaq closed the session 38.31 points lower at 3,166.36. Analysts fear a major setback in the jobs market as new claims for unemployment benefits rose slightly last week.

Stocks In Focus

Morgan Stanley (NYSE:MS)

The banking giant earned a profit of $1 billion or 50 cents a share including one-time charges. Excluding the charges, the company’s profits stood at $1.2 billion or 61 cents per share. Revenues declined marginally to $8.5 billion from $8.9 billion in the same period last year. Analysts were expecting 57 cents in adjusted earnings and $8.35 billion in revenues. Despite better than expected quarter, investors remained unimpressed. Shares closed the session 5.40 percent lower at $20.31.

Nokia Corporation (NYSE:NOK)

The mobile phone maker’s first quarter losses narrowed due to stronger sales of Lumia smartphones. Quarterly losses declined from 0.08 euros per share in Q1 last year to 0.02 euros. The Finnish mobile phone maker sold 5.6 million Lumia units in the first quarter, up from 4.4 million in Q4 2012. But overall phone shipments slumped 21 percent. Shares plunged 11.45 percent to close the session at $3.17.

Google Inc (NASDAQ:GOOG)

The search engine giant reported its first quarter earnings at the close of today’s session that topped Wall Street estimates. The company earned $11.58 per share, much higher than $10.08 in the same period of 2012. Google’s total revenues for the quarter came at $13.97 billion. Excluding traffic acquisition costs, revenues were $11.01 billion. Analysts were expecting $10.69 in earnings and $11.02 billion in revenues. Though Google shares closed the session 2.20 percent lower, shares rose 0.54 percent in after hours trading to $769.80, helped by better than expected results.

Microsoft Corporation (NASDAQ:MSFT)

The software giant reported third quarter earnings that handily beat Wall Street estimates. Earnings came in at 72 cents per share on revenues of $20.49 billion. Analysts were expecting 68 cents a share on revenues of $20.47 billion. The company had earned 60 cents with $17.4 billion in the same period a year ago. Though shares closed the session down 0.12 percent, they surged 1.77 percent after the results in after-hours trading to $29.30

Advanced Micro Devices, Inc. (NYSE:AMD)

The semiconductor maker reported a revenue of $1.1 billion in the first quarter this year, but suffered a loss of 19 cents per share. In the first quarter of 2012, the company had earned a profit of 12 cents. Analysts were expecting a loss of 17 cents on $1 billion revenues. Shares were up 4.58 percent to $2.51 at the market close on higher expectations. But earning disappointed investors and shares tumbled 5.58 percent in the after hours trading to $2.37 per share.