U.S. Afternoon Market Commentary
April 23, 2014
3:30 p.m. CT
U.S. stocks closed little changed as AT&T shares declined following its earnings. AT&T closed down over 3% after maintaining its forecast for earnings growth. Amgen closed down 5% after sales for its best-selling arthritis drug missed estimates. Boeing closed up after a boost in jetliner deliveries helped profit top analysts' estimates. U.S. Treasury prices closed up for the day.
Looking at the S&P 500,
The best-performing sector was: Energy
While the worst-performing sector was: Telecom
The Dow Jones Industrial Average* was down 12.72 at 16,501.65
The Standard & Poor's 500 Index was down 4.16 at 1,875.39
The NASDAQ Composite Index was down 34.49 at 4,126.97
Volume on the New York Stock Exchange was moderate, with 616.39 million shares traded.
Decliners outnumbered advancers by roughly a 3-to-2 margin.
In commodity markets,
The spot price of gold rose $0.79 to $1,284.59
The spot price of silver rose $0.03 to $19.45
And crude oil prices fell $0.30 to $101.45
In the bond market,
The 30-year Treasury yield closed at 3.47%
And the 10-year Treasury yield finished at 2.69%
* The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2013 is proprietary to Dow Jones & Company, Inc.