S&P, Nasdaq end down with Intel, GE; Dow gains
Published on Jan 18, 2014 6:24 AM
NEW YORK (REUTERS) - The S&P 500 and Nasdaq declined on Friday as results from Intel and General Electric (GE) were the latest to dampen the view on fourth-quarter earnings.
Volatility picked up late in the session, thanks in part to selling related to options expiration, analysts said.
Earnings season is still in the early phase, but S&P 500 companies so far are beating analysts' expectations at a rate that's below what's typical, according to Thomson Reuters data.
Bucking the trend, the Dow ended higher - helped by a rally in American Express Co and Visa. AmEx jumped 3.6 per cent to US$90.97 a day after reporting quarterly results.
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