- CNTV English - CCTV News

Homepage > News > Biz >

U.S. stocks end mixed amid Greece debt talk, mixed earnings

01-21-2012 09:22 BJT

NEW YORK, Jan. 20 (Xinhua) -- U.S. stocks ended mixed on Friday as investors were cautiously awaiting the result of Greece debt talk.

The Dow Jones industrial average gained 96.50 points, or 0.76 percent, at 12,720.48. The Standard & Poor's 500 added 0.88 points, or 0.07 percent, to 1,315.38. The Nasdaq Composite Index dropped 1. 63 points, or 0.06 percent, to 2,786.70.

With the talks between Greece and its private bond holders entering the third day, there was word a bond swap deal, which would prevent the country from sinking into a chaotic default, may be reached very soon.

However, investors were still cautious after three straight gains and traders were worried that Europe was just kicking the can down the road than trying to tackle its debt problems.

The latest earnings, most notably earnings from some big tech names, came in mixed.

The blue-chip Dow got a boost after International Business Machines (IBM) reported better-than-expected fourth-quarter earnings and indicated stronger 2012 results. IBM jumped 4.43 percent to close at 188.52 dollars per share.

Microsoft rallied more than 5 percent to its highest level since last January, the best performer among 30 Dow components, as investors reacted positively to the software giant's quarterly results.

The tech-heavy Nasdaq were hit as Google shares tumbled more than 8 percent after the search giant said its profit in the fourth quarter of 2011 fell short of analysts' estimates.

On economic news front, the National Association of Realtors reported that the annual sales in December reached 4.6 million homes, up 5 percent from November and 3.6 percent from a year ago.

Editor:Zhang Hao |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program