Stocks Ended Mixed after Brussels Attacks

U.S. stocks closed mostly lower n Tuesday as airlines, cruise companies and travel booking sites fell following the attacks in Belgium. The Dow Jones industrial average gave up 41.30 points, or 0.23%, to 17,582.57. The Standard & Poor’s 500 edged down 1.80 points, or 0.09%, to 2,049.80. The Nasdaq composite climbed 12.79 points, or 0.27%, to 4,821.66.

Oil futures fell on Tuesday. May WTI crude fell 7 cents, or 0.2%, to settle at $41.45 a barrel on the New York Mercantile Exchange.

On Tuesday, Chicago Fed President Charles Evans said he expects two rate hikes this year, given his forecast for 2 percent to 2.5 percent economic growth and for unemployment to fall further to 4.75 percent by the end of the year.

Nike reported quarterly earnings Tuesday that topped analysts’ expectations, but its sales disappointed Wall Street and weighed on its shares. The sportswear giant posted diluted profit of 55 cents per share for its fiscal 2016 third-quarter on $8.03 billion in revenue. Earnings climbed 22 percent from the previous year, while sales rose 8 percent.

Krispy Kreme Doughnuts, Inc. (KKD) reported financial results for the fourth quarter and fiscal year ended January 31, 2016. Net income was $8.2 million ($0.13 per share) compared to $6.5 million ($0.10 per share) in the fourth quarter last year. Revenues increased 4.0% to $130.4 million from $125.4 million.

About the Author

has written 15164 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks