We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

US open: Major indices mixed as social media stocks weigh on Nasdaq

Fri 22 October 2021 15:21 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

7044.03 | Negative 266.34 (3.64%)
Graph

Prices delayed by at least 15 minutes

(Sharecast News) - Wall Street stocks were mixed early on Friday as losses in the tech sector weighted on the Nasdaq early in the session.

As of 1520 BST, the Dow Jones Industrial Average was up 0.42% at 35,754.02, while the S&P 500 was 0.10% stronger at 4,554.40 and the Nasdaq Composite came out the gate 0.33% weaker at 15,166.03.

The Dow opened 150.94 points higher on Friday, easily reversing the prior session's modest loss.

In terms of corporate results, American Express topped estimates on both the top and bottom line on Friday as third-quarter revenues came in at $10.9bn and earnings per share hit $2.27 each, while Honeywell earnings also beat guidance but revenues fell short of expectations and the group cut its full-year forecasts.

Snap shares slumped more than 20% after missing revenues expectations with its third-quarter earnings overnight on the back of impacts stemming from privacy changes at Apple. Twitter and Facebook shares also slipped back on similar concerns, dragging the Nasdaq into the red.

Intel stock traded lower as component shortages hurt its PC chip unit and Zoom traded higher after analysts at JP Morgan said it was time to buy the stock.

On the macro front, a flash reading of IHS Markit's October manufacturing PMI will be published at 1545 BST, while Federal Reserve Bank of San Francisco president Mary Daly and chairman Jerome Powell will speak at 1600 BST and 1700 BST, respectively.

Dow Jones - Risers

American Express Co. (AXP) $186.58 5.13%

Goldman Sachs Group Inc. (GS) $414.97 1.81%

Walmart Inc. (WMT) $148.88 1.41%

JP Morgan Chase & Co. (JPM) $171.87 1.40%

International Business Machines Corporation (CDI) (IBM) $129.68 1.05%

Walgreens Boots Alliance, Inc. (WBA) $49.63 1.01%

Travelers Company Inc. (TRV) $161.72 0.96%

Boeing Co. (BA) $216.24 0.89%

Nike Inc. (NKE) $163.45 0.78%

Procter & Gamble Co. (PG) $140.32 0.71%

Dow Jones - Fallers

Intel Corp. (INTC) $49.94 -10.83%

McDonald's Corp. (MCD) $239.72 -0.70%

Walt Disney Co. (DIS) $170.16 -0.69%

Verizon Communications Inc. (VZ) $53.13 -0.48%

Microsoft Corp. (MSFT) $309.61 -0.37%

Caterpillar Inc. (CAT) $201.54 -0.30%

Merck & Co. Inc. (MRK) $81.03 -0.17%

Johnson & Johnson (JNJ) $163.13 -0.17%

Coca-Cola Co. (KO) $54.26 -0.16%

Home Depot Inc. (HD) $364.20 -0.12%

S&P 500 - Risers

Svb Financial Group (SIVB) $748.28 6.12%

Seagate Technology Plc (STX) $86.50 5.17%

KLA-Tencor Corp. (KLAC) $352.83 5.16%

American Express Co. (AXP) $186.58 5.13%

Applied Materials Inc. (AMAT) $140.08 5.05%

Regions Financial Corp. (RF) $24.31 4.42%

Celanese Corp. (CE) $171.46 3.43%

Kohls Corp. (KSS) $48.83 3.23%

Lam Research Corp. (LRCX) $571.16 2.83%

Roper Technologies Inc (ROP) $494.79 2.81%

S&P 500 - Fallers

Intel Corp. (INTC) $49.94 -10.83%

Facebook Inc. (FB) $324.00 -5.23%

VF Corp. (VFC) $70.50 -4.81%

Hasbro Inc (HAS) $89.34 -3.37%

Twitter Inc (TWTR) $63.21 -3.35%

Alaska Air Group Inc. (ALK) $54.58 -2.88%

Alphabet Inc. Class A (GOOGL) $2,756.11 -2.88%

Alphabet Inc. Class C (GOOG) $2,774.00 -2.86%

American Airlines Group (AAL) $19.42 -2.39%

Chipotle Mexican Grill Inc. (CMG) $1,804.81 -2.12%

Nasdaq 100 - Risers

Seagate Technology Plc (STX) $86.50 5.17%

KLA-Tencor Corp. (KLAC) $352.83 5.16%

Applied Materials Inc. (AMAT) $140.08 5.05%

Lam Research Corp. (LRCX) $571.16 2.83%

Asml Holdings N.V. (ASML) $807.00 2.47%

NetEase Inc. Ads (NTES) $104.15 2.36%

eBay Inc. (EBAY) $77.77 2.05%

Liberty Global plc Series A (LBTYA) $30.06 1.79%

Liberty Global plc Series C (LBTYK) $30.14 1.64%

Intuit Inc. (INTU) $587.65 1.61%

Nasdaq 100 - Fallers

Intel Corp. (INTC) $49.94 -10.83%

Facebook Inc. (FB) $324.00 -5.23%

Hasbro Inc (HAS) $89.34 -3.37%

Alphabet Inc. Class A (GOOGL) $2,756.11 -2.88%

Alphabet Inc. Class C (GOOG) $2,774.00 -2.86%

American Airlines Group (AAL) $19.42 -2.39%

Take-Two Interactive Software Inc. (TTWO) $178.65 -1.87%

Mercadolibre Inc. (MELI) $1,556.97 -1.70%

Wynn Resorts Ltd. (WYNN) $89.75 -1.46%

Dish Network Corp. (DISH) $43.44 -1.00%

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.