The U.S. stock market put in a somewhat weaker session today, as traders weighed a batch of decent corporate reports against concerns about rising consumer inflation and a possible interest rate hike from the Federal Reserve later this year. Further, the session had a quiet tone, as investors prepared for the three-day holiday weekend. At the end of trading, the Dow Jones Industrial Average was down 54 points; the S&P 500 Index was lower by about five points; while the technology-heavy NASDAQ tried to cling to a small gain but closed off a point.
There have been many noteworthy developments in the technology space recently. Some of these will likely have a material impact on the companies in the sector and the markets they serve.
The Coca-Cola Company (KO) appears set to plod along during its 2015 campaign. In that vein, a stronger U.S. dollar has hindered overall profitability. This year, the company’s pre-tax profits are likely to decline in the high-single-digit neighborhood, meaning share net may fail to reach last year’s mark of $2.04.