Two day losing streak for the major US indices

The US major indices are ending the day with declines on the day in an up and down session. The Dow led the declines thanks to a sharp decline in Caterpillar shares after their earnings report disappointed. Caterpillar shares fell $11.35 or -5.82% at $183.51. Other losers today in the Dow included:

  • Boeing -3.46%
  • Intel, -2.57%
  • Visa, -2.43%
  • Nike, -2.22%

A look at the final closing numbers shows:

  • Dow fell -402.25 points or -1.23% at 32396.18
  • S&P fell -27.44 points ro -0.67% at 4091.20
  • Nasdaq fell -20.21 points or -0.16% at 12348.77
  • Russell 2000 fell -0.86 points or -0.05% at 1882.44

After the close:

AMD is disappointing:

  • EPS $1.05 vs $1.03 et
  • Rev 6.55B vs 6.53B est

The bad is that they guided lower for the Q3 at 6.5 to 6.9B vs 6.81B

Starbucks earnings:

  • EPS. $0.84 vs $0.75
  • Rev $8.15B vs $8.11B est.

Paypal

  • Rev 6.8B vs 6.78B est
  • EPS $0.93 vs $0.86 est
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