Online Stock Trading, Investors, Market & News: Stocks Down Slightly After Big Thursday
The Dow Jones Industrial Average is down slightly Friday as investors look into earnings reports from big companies like Microsoft and Amazon.
Fears of Ebola continue to remain in the minds of many on Wall Street, but more are focusing on good economic data and earnings reports.
"The worries of last week are certainly in the rear-view mirror, nobody is worrying about global growth, Ebola or energy prices. It's all about earnings, and the earnings picture is actually pretty good," Paul Nolte, portfolio manager at Kingsview Asset Management told CNBC.
Shares of the online retailer Amazon fell by over 6 percent Friday after they provided a weak outlook for the holiday sales season as well as less-than-expected earnings from the third quarter.
Microsoft, on the other hand, had better-than-expected earnings. The company had a surprising surge in their hardware sales, according to CNBC's Squawk on The Street TV show.
Procter & Gamble shares are trading up over 3 percent after quarterly results were reported. The company also said it would split its Duracell battery business into a separate company.
The S&P 500 is up ever so slightly in early morning trading. Health care stocks in the S&P 500 are leading the gains, and energy stocks are the biggest losers of the day.
Sales of new homes in the U.S. hit a six-year high, but August's numbers were revised lower. Still, with the new homes being built, investors can express more confidence in the housing market.
What do you think about the stock market this week? Are you confident in the markets despite some of the global fears? Leave us a comment and let us know.
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