US stocks inch higher as Amazon slumps
Traders at the New York Stock Exchange
New York - AFP
US stocks edged up in opening trade Friday as strong earnings from UPS and others offset disappointing results from Amazon.
Five minutes into trade, the Dow Jones Industrial Average stood at 16,687.44, up 9.54 points (0.06 percent).
The broad-based S&P 500 added a scant 0.53 (0.03 piercent) at 1,951.35, while the tech-rich Nasdaq Composite Index rose 5.47 (0.12 percent) to 4,458.26.
Amazon shares sank 7.3 percent as its third-quarter loss rose ten-fold to $437 million due to the costs of product launches including new phones, tablets and television programs.
UPS gained 1.7 percent on earnings above expectations and its forecast of an 11 percent jump in shipments in December.
GMT 12:01 2018 Tuesday ,23 January
Bahrain Bourse daily trading performanceGMT 19:16 2018 Monday ,22 January
TRA responds to hoax Dh5,000 VPN fine SMSGMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performanceGMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 17:06 2018 Wednesday ,17 January
China temporarily waives taxes to get foreign firms to stayGMT 17:01 2018 Wednesday ,17 January
JPMorgan Chase earnings drop on weak trading, tax items
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon sevenGMT 04:09 2012 Tuesday ,15 May
Climate talks to tackle emissions targets
GMT 10:44 2012 Sunday ,15 July
Bouazizi’s mother in jail!
GMT 09:40 2016 Tuesday ,22 March
Alonso walks away from horror crash in AustraliaGMT 05:43 2011 Wednesday ,05 October
Kenyan Maasai seek to end female circumcision
GMT 18:45 2017 Monday ,27 November
Circus tiger mauls man as he feeds it
GMT 06:50 2013 Thursday ,21 November
Uruguay reach World CupGMT 11:14 2012 Wednesday ,18 July
Malaysian \'smart village\' describedGMT 13:41 2012 Tuesday ,07 February
Madonna announces next world tourGMT 07:29 2012 Tuesday ,31 January
Eutelsat passes 4,000 TV channel markGMT 04:18 2013 Friday ,29 March
The artists, curators, critics and collectors among the curious company at Art Dubai
GMT 16:28 2013 Monday ,15 July
Shark kills 15-year-old girl in Reunion
GMT 19:04 2016 Monday ,14 March
Jordanian king condemns Ankara blast, consoles ErdoganGMT 21:03 2012 Friday ,10 February
Mohammed bin Zayed attends banquet
GMT 05:19 2011 Tuesday ,06 September
BOK expected to freeze key rate for Sept.
GMT 17:44 2014 Tuesday ,20 May
Migrating birds stop off in Cyprus at their peril
GMT 00:46 2017 Saturday ,25 February
Saudi Arabia king eyes investment, skills on rare Asia tourGMT 13:47 2011 Sunday ,31 July
US ready for Jamaica challenge in 2014 W.Cup qualifier
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor