Comment on US stock indexes tick higher in a mixed day for markets

US stock indexes tick higher in a mixed day for markets

Under Armour, PayPal and others joined the lengthening parade of big U.S. companies reporting bigger-than-expected profits for the first three months of the year. A drop in oil prices helped pull energy stocks lower. Benchmark U.S. crude dropped $1.05, or 2.1 percent, to $48.57 per barrel, while Brent crude, which is used to price international oils, dropped $1.03 to $51.38 per barrel. Under Armour surged to the biggest gain in the S&P 500 after reporting results for the first quarter that were better than analysts' expectations. PayPal Holdings jumped $3.32, or 7.5 percent, to $47.73 after also reporting stronger revenue and earnings than Wall Street had forecast. Natural gas slipped 4 cents to $3.23 per 1,000 cubic feet, heating oil fell 3 cents to $1.51 per gallon and wholesale gasoline dropped 4 cents to $1.56 per gallon.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News