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Wall Street rally pauses after underwhelming revenue forecasts


  • Markets
  • Thursday, 7 Feb 2019

The Dow Jones Industrial Average fell 21.22 points, or 0.08 percent, to 25,390.3, the S&P 500 lost 6.09 points, or 0.22 percent, to 2,731.61 and the Nasdaq Composite dropped 26.80 points, or 0.36 percent, to 7,375.28. European stocks were buoyed by gains in Italian banks and tech stocks.  The pan-European STOXX 600 index rose 0.15 percent while MSCI's gauge of stocks across the globe shed 0.28 percent.

The Dow Jones Industrial Average fell 21.22 points, or 0.08 percent, to 25,390.3, the S&P 500 lost 6.09 points, or 0.22 percent, to 2,731.61 and the Nasdaq Composite dropped 26.80 points, or 0.36 percent, to 7,375.28. European stocks were buoyed by gains in Italian banks and tech stocks. The pan-European STOXX 600 index rose 0.15 percent while MSCI's gauge of stocks across the globe shed 0.28 percent.

NEW YORK: US stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations.

The benchmark S&P 500 and the Nasdaq were weighed by declines in shares of Electronic Arts Inc, which tumbled 13.3 percent after the videogame publisher forecast full-year revenue below Wall Street estimates. The sharp drop pulled down shares of rival videogame publisher Activision Blizzard Inc, which fell 10.1 percent.

Markets , Corporate News

   

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