It has been feeling a lot like Ground Hog Day with great earnings reports every day driving the market to new all-time highs, but a little change of pace today as disappointing revenue from Apple, Amazon & Starbucks sent those shares lower and weighed on the overall market.
At the close
In other stock news shares of U S Steel bucked the trend and opened 10% higher on a strong quarterly report that included a dividend increase and a new share buy back program. Chevron open higher on its best quarterly profit in 8 years and Exxon reported the best results in 4 years. Shares of software company Zendesk plunged 20% at the open after announcing results for the most recent quarter.
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