Indices End Mixed on Wednesday on Earnings Reports and Durable Goods

On Wednesday the major indices in the US ended mixed with a drop for the Dow and slight gains for the S&P and Nasdaq. Economic worries continue to grow as another disappointing report was released involving durable goods orders in March. The orders dropped 5.7%, the largest decline in seven months. Earnings reports by AT&T (T) and Proctor & Gamble (PG) dragged down the Dow, while energy stocks like Newfield (NFX) brought the S&P higher.
After the bell shares of both Zynga (ZNGA) and Qualcomm (QCOM) were down on disappointing forecasts. Following a strong auction that showed continued demand, Treasurys extended gains on Wednesday. Oil prices rose above $90 a barrel for the highest close in almost two weeks.

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Published on Apr 24, 2013
By InvestorGuide Staff

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