Thursday, April 24, 2025
9:18 PM
Doha,Qatar
Hillary Clinton looking on during the first presidential debate in Hempstead, an Donald Trump (L) lo

US stocks flat as poll shows narrow Clinton lead

Wall Street stocks were little changed early Thursday after a new poll showing Democratic candidate Hillary Clinton with a narrow lead in the US presidential contest over Republican Donald Trump.
Clinton holds a three-point lead over Trump, according to a New York Times/CBS News poll of likely voters. The S&P 500 had fallen seven straight days as Trump gained in the polls.
The market is anxious over a potential Trump win because of his pledges to shake up economic and fiscal policies, including broad criticism of free trade, the Federal Reserve and other targets.
About 40 minutes into trading, the Dow Jones Industrial Average was at 17,980.62, up 0.1 percent.
The broad-based S&P 500 rose 0.1 percent to 2,099.63, while the tech-rich Nasdaq Composite Index dipped 0.1 percent to 5,099.98.
Facebook sank 5.0 percent despite reporting a 166 percent jump in third-quarter profits to $2.4 billon. Analysts said investors were unnerved by a warning of weaker revenue growth in 2017 and a plan to beef up investment in engineers and data-centers.
Media-entertainment group 21st Century Fox surged 6.0 percent as it reported a 22 percent rise in net profit to $821 million for the quarter ending September 30, bolstered by its Fox News Channel amid a busy US election campaign.
Some other media stocks were also strong, with CBS rising 1.3 percent and Dow member Disney 2.1 percent.
Whole Foods Market vaulted 3.2 percent as it announced it would end its practice of having co-chief executives, with Walter Robb stepping down to leave co-founder John Mackey as the sole leader. It reported that fourth-quarter net income rose 57 percent to $88 million.
Insurer MetLife rose 4.1 percent after reporting third-quarter operating profits of $1.28 per share, better than the $1.14 expected by analysts.
Wearables company Fitbit plummeted 29.4 percent as it projected fourth-quarter sales of between $725 million and $750 million, well below the $985.1 million expected by analysts for the key holiday shopping quarter.
Other companies with major moves after earnings included AIG, down 4.8 percent, Marathon Oil, up 11.8 percent and US Steel, up 8.3 percent.

Comments
  • There are no comments.

Add Comments

B1Details

Latest News

SPORT

Canada's youngsters set stage for new era

Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.

1:43 PM February 26 2017
TECHNOLOGY

A payment plan for universal education

Some 60mn primary-school-age children have no access to formal education

11:46 AM December 14 2016
CULTURE

10-man Lekhwiya leave it late to draw Rayyan 2-2

Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions

7:10 AM November 26 2016
ARABIA

Yemeni minister hopes 48-hour truce will be maintained

The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged

10:30 AM November 27 2016
ARABIA

QM initiative aims to educate society on arts and heritage

Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.

10:55 PM November 27 2016
ARABIA

Qatar, Indonesia to boost judicial ties

The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.

10:30 AM November 28 2016
ECONOMY

Sri Lanka eyes Qatar LNG to fuel power plants in ‘clean energy shift’

Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.

10:25 AM November 12 2016
B2Details
C7Details