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U.S. Stocks Close Lower amid Earnings, Data - July 19
 

U.S. stocks closed lower on Thursday as investors were digesting a batch of second-quarter corporate earnings and economic data.

The Dow Jones Industrial Average was down 134.79 points, or 0.53 percent, to 25,064.50. The S&P 500 was down 11.13 points, or 0.40 percent, to 2,804.49. The Nasdaq Composite Index was down 29.15 points, or 0.37 percent, to 7,825.30.

Shares of IBM rose 3.27 percent in morning session after the Dow component reported quarterly results that surpassed analysts' expectations. The company's second-quarter earnings per share, excluding certain items, reached 3.08 U.S. dollars, and its revenue was 20 billion dollars.

American express, another Dow component, posted earnings that topped Wall Street expectations. But its revenue, which reached 10 billion dollars, fell short of estimate. Shares of the company declined 2.73 percent to close at 100.17 dollars apiece.

Shares of eBay plunged more than 10.12 percent on Thursday after the company posted revenue that missed estimates.

On the economic front, U.S. weekly jobless claims dropped to the lowest level since 1969.

In the week ending July 14, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week's revised level.

The previous week's level was revised up by 1,000 from 214,000 to 215,000, said the Labor Department on Thursday.

The four-week moving average was 220,500, a decrease of 2,750 from the previous week's revised average. The previous week's average was revised up by 250 to 223,250.


(www.chinaview.cn 2018-07-20)
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