The stock market put in another choppy, and somewhat weak, session today. At the end of trading, the Dow Jones Industrial Average was down nearly 30 points; the S&P 500 Index was off six points; and the NASDAQ was lower by 34 points. Market breadth was quite negative, as decliners easily outnumbered advancers on the NYSE.
Beverage giant Coca-Cola’s September-period results brought few surprises. Investors had a muted reaction to the latest earnings release, with the shares trading slightly higher.
Dow-30 component The Boeing Company has reported solid September-period financial results, and management raised its near-term guidance. That said, the stock price was down marginally in pre-market action on the news. For the quarter, the aerospace/defense behemoth posted revenues of $23.9 billion, which were in line with our estimate, and earnings of $2.62 a share.