SmarTrend Market Close Wrap-Up: April 18, 2011
Apr 18, 2011
The major U.S. equity indices closed lower Monday after Standard & Poor's Ratings Services lowered its outlook on the U.S.
S&P's Ratings Services affirmed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the U.S. It also revised its outlook on the long-term rating to negative from stable.
Crude futures for May delivery fell 2.48% lower to $106.94 a barrel on the New York Mercantile Exchange.
In corporate news, Texas Instruments (TXN) reported Q1 revenue of $3.39 billion, in line with the analyst expectations. EPS was $0.55, vs. expectations of $0.58 per share. For Q2, the company expects revenue in the range of $3.41 to $3.69 billion and EPS of $0.52 to $0.60 per share.
The Dow Jones Industrial Average (DJI) closed 1.14% lower at 12,201, the S&P500 (INX) closed 1.10% lower at 1,3.05, and the Nasdaq Composite (IXIC) closed 1.06% lower at 2,735.
Showing posts with label Instruments. Show all posts
Showing posts with label Instruments. Show all posts
Monday, April 18, 2011
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