US stocks trade mixed amid earnings, data

New York, Feb 15 (IANS) US stocks traded mixed on Friday, as investors digested the latest economic data as well as quarterly corporate earnings reports.

The Dow Jones Industrial Average was down 36.39 points, or 0.12 per cent, to 29,386.92. The S&P 500 added 0.67 point, or 0.02 per cent, to 3,374.61. The Nasdaq Composite Index was up 6.66 points, or 0.07 per cent, to 9,718.63, Xinhua reported.

On the data front, the University of Michigan’s consumer sentiment index came in at 100.9 for February, higher than January’s 99.8.

An advance estimate of US retail and food services sales for January 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, was $529.8 billion, an increase of 0.3 per cent from the previous month, and 4.4 per cent above January 2019, the US Commerce Department said on Friday.

In corporate news, Nvidia reported quarterly results on Thursday after the closing bell that beat analysts’ expectations.

The semiconductor company registered revenue of $3.11 billion, up 41 per cent from a year earlier. Its GAAP earnings per diluted share for the quarter were $1.53, up 66 per cent from a year ago.

Its shares soared nearly 7 per cent in morning session.

–IANS
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