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Thursday
Feb022017

Mixed Results

Indices ended trading with mixed moves on Thursday. The Dow and Nasdaq shed some points. The S&P 500 closed with fractional gains. The session was mixed on a variety of economic news. Facebook fell 1.8% today despite reporting respectable quarterly details. The social network earned $1.41 a share on revenue of $8.8 billion versus expectations of $1.31 a share on $8.5 billion. On another note, initial jobless claims decreased last week. Department of Labor data showed new claims fell by 14,000 to 246,000. Looking ahead, employment numbers for January are set for release on Friday.





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