NEW YORK, Feb. 13 (Xinhua) -- U.S. stocks closed lower on Thursday as investors digested corporate earnings reports as well as key economic data.
The Dow Jones Industrial Average was down 128.11 points, or 0.43 percent, to 29,423.31. The S&P 500 fell 5.51 points, or 0.16 percent, to 3,373.94. The Nasdaq Composite Index was down 13.99 points, or 0.14 percent, to 9,711.97.
Cisco reported quarterly results Wednesday after the closing bell. The company registered revenue of 12 billion U.S. dollars and earnings per share of 0.77 dollar, both beating Wall Street's estimates.
However, its shares plunged as investors were concerned about its continuing revenue declines.
PepsiCo, Alibaba and Applied Materials all reported quarterly earnings that beat expectations.
On the economic front, the number of Americans filing for unemployment benefits rose marginally in the week ending Feb. 8.
According to the U.S. Labor Department, the advance figure for seasonally adjusted initial claims was 205,000, an increase of 2,000 from the previous week's revised level.
The 4-week moving average was 212,000, unchanged from the previous week's revised average, said the department.
The Dow Jones Industrial Average was down 128.11 points, or 0.43 percent, to 29,423.31. The S&P 500 fell 5.51 points, or 0.16 percent, to 3,373.94. The Nasdaq Composite Index was down 13.99 points, or 0.14 percent, to 9,711.97.
Cisco reported quarterly results Wednesday after the closing bell. The company registered revenue of 12 billion U.S. dollars and earnings per share of 0.77 dollar, both beating Wall Street's estimates.
However, its shares plunged as investors were concerned about its continuing revenue declines.
PepsiCo, Alibaba and Applied Materials all reported quarterly earnings that beat expectations.
On the economic front, the number of Americans filing for unemployment benefits rose marginally in the week ending Feb. 8.
According to the U.S. Labor Department, the advance figure for seasonally adjusted initial claims was 205,000, an increase of 2,000 from the previous week's revised level.
The 4-week moving average was 212,000, unchanged from the previous week's revised average, said the department.
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