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<US>DJIA Finishes Down 267 Pts as Asset Mgmt Stocks In Sell-off
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Investors kept eyes wide open on the escalating tensions between the US and Iran, leading to a lower opening in US stocks on Thursday. The DJIA closed down 267 points or 0.5%, at 49,395. The Nasdaq closed down 70 points or 0.3%, at 22,682. The S&P 500 dipped 19 points or 0.3%, to 6,861. Walmart (WMT.US) logged a 19% decline in earnings last quarter, beating expectations, and its stock ended down 1.4%. Amazon (AMZN.US) surpassed Walmart in revenue last year to become the world's highest revenue company, and its stock remained sturdy. After private equity and alternative asset management company Blue Owl Capital (OWL.US) announced a halt on redemptions, its stock dived 5.9%, prompting investors to sell related stocks, with Blackstone (BX.US) and Apollo Global (APO.US) both shedding 5%. As to stocks that released results, DoorDash (DASH.US) reported miss in last quarter's earnings and current quarter's guidance, with its stock rising 1.6%. Booking Holdings (BKNG.US) exceeded expectations in both earnings and revenue last quarter, but its stock tumbled 6.2%. AASTOCKS Financial News Website: www.aastocks.com |
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