At the end of Friday the Wall Street stock markets showed a varying picture after the sharp gains a day earlier. Investors in New York were processing the current business figures, while the measures announced by the European Central Bank (ECB) on Thursday still reverberated.
The Dow Jones Index closed 0.8 percent lower at 17672.60 points. The S&P500 dropped 0.6 percent to 2051.82 points, but the Nasdaq rose 0.2 percent to 4757.88 points.
Express courier UPS issued a profit warning. The company overestimated the number of employees needed around the holidays, so costs were higher than expected. UPS dropped nearly 10 percent. Industry Associate FedEx lost 1.2 percent.
Industrial conglomerate General Electric (GE) announced that net profit rose with nearly $ 2 billion to $ 5.2 billion last quarter. Adjusted for non-recurring items, the profit was slightly higher than analysts had predicted. GE’s share climbed 0.8 percent.
McDonald’s (minus 1.5 percent) reported to more than a fifth less profit in the quarter compared to a year earlier. Worldwide the fast food chain sold less burgers and also had been significantly affected by the high dollar.
After market close Starbucks came with figures on Thursday. The coffee chain attracted more customers last quarter. Revenue rose 13 percent, while 82 percent more profit was realized. Starbucks went up 6.6 percent.
Kimberly-Clark the producer of care products had been significantly affected by the rise of the dollar in the fourth quarter. Consequently, sales decreased by 1 percent to $ 4.8 billion. The producer of among others Kleenex suffered a loss of 83 million dollars. The share yielded 6.2 percent.
Furthermore, on Friday it was reported that sales of existing homes in the United States increased in December. Also an important business barometer increased further. However, growth of the US industry decreased slightly this month.
Euro and oil
The euro was worth 1.1216 dollars against 1.1283 dollars at the close in Europe. A barrel of US oil fell 1.9 percent in price to $ 45.45. Brent was 0.5 percent higher at $ 48.74.