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U.S. stocks end mixed amid earnings reports

NEW YORK
2017-11-08 08:40

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U.S. stocks closed mixed on Tuesday as investors digested a batch of third-quarter corporate earnings reports.

The Dow Jones Industrial Average inched up 8.81 points, or 0.04 percent, to 23,557.23. The S&P 500 fell 0.49 point, or 0.02 percent, to 2,590.64. The Nasdaq Composite Index decreased 18.65 points, or 0.27 percent, to 6,767.78.

The Priceline Group reported Monday after the closing bell earnings per share of 35.22 U.S. dollars on 4.43 billion dollar revenue, higher than market expectation. However, the company offered disappointing fourth-quarter guidance.

Shares of the online travel company plunged 13.52 percent to 1,645.72 dollars apiece after the release.

Meanwhile, Marriott, Blue Buffalo and Snap are expected to publish corporate earnings after the Tuesday's closing bell.

Overall, it has been a very solid earnings season. The latest data from Thomson Reuters showed that the S&P 500 companies' earnings in the third quarter of 2017 are expected to rise 7.9 percent year on year, while the revenues are forecast to increase 5.2 percent.

On the economic front, the number of job openings was little changed at 6.1 million on the last business day of September, generally in line with market estimates, the U.S. Labor Department announced Tuesday.
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