We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Coca Cola Company | NYSE:KO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.12 | -0.19% | 61.92 | 8,338 | 11:43:51 |
By Anora Mahmudova and Carla Mozee, MarketWatch
NEW YORK (MarketWatch) -- Stocks trimmed losses Friday that were scored after news of a clash between Ukrainian and Russian military units on Ukraine soil sparked a flight out of riskier assets into Treasurys.
The S&P 500 (SPX) remained 1.49 poitns lower, or down 0.1%, at 1,953.86 after trading as low as 1,941.40 The Dow Jones Industrial Average (DJI) trimmed a triple-digit gain to remain 47.01 points lower at 16,666.57. The Nasdaq Composite (RIXF) returned to positive territory, rising 0.2% to 4,463.04.
Ukrainian forces destroyed part of a Russian military unit that was on Ukrainian soil, a Ukrainian military spokesperson said Friday, according to news reports. Separately, NATO's secretary-general said the alliance observed a Russian "incursion" into Ukraine, denied by Russia, on Thursday night, according to the Associated Press.
The 10-year Treasury note yield (10_YEAR) remained down more than 5 basis points to 2.35% as investors sought safety by buying Treasurys. Yields fall as Treasury prices decline.
Haven-related buying only provided a modicum of help for gold, however, which trimmed losses but still settled at its lowest level since Aug. 5. Friday's losses on the main benchmarks put a cap on weekly gains.
Stocks remained on track for weekly gains despite continued geopolitical turmoil in Ukraine and the Middle East.
John De Clue, chief investment officer at the Private Client Reserve of U.S. Bank, said he isn't surprised that stocks have been so resilient in the face of geopolitical concerns.
"Second-quarter earnings have been better than many of us expected and the economy is growing. The fact that we are not seeing larger pullbacks mean that investors are not alarmed by the impact of geopolitical issues," he said.
Still, the entanglement overshadowed more signs that the U.S. economy remains healthy and that company profits are increasing. Industrial production rose in July, thanks to a sizable jump in car output, the Federal Reserve said Friday.
Meanwhile, U.S. producer prices inched up in July, a second consecutive month of gains, led by services such as transportation and warehousing, the government reported Friday. That is one of several recent inflation gauges that show price growth isn't running too hot for the Fed.
Investors shrugged off a preliminary August reading on the University of Michigan/Thomson Reuters consumer-sentiment index that showed its at the lowest level since November.
Stocks in focus
Monster Beverage (MNST) shares leapt 30% to lead the S&P on Coca-Cola's (KO) move to acquire a 17% ownership stake in the energy drink company, as part of a long-term partnership deal. Coke will make a $2.15 billion cash payment and transfer its global energy drink business to Monster.
Applied Materials Inc. (AMAT) was among the biggest advancers in the S&P, after the chip-making equipment provider's quarterly sales and earnings report topped Wall Street expectations.
Achillion Pharmaceuticals (US-ACHN) rallied in heavy volume following positive results from a clinical trial related to sovaprevir, the company's experimental hepatitis C treatment.
Autodesk Inc.(ADSK) shares led S&P losses after the design-software company late Thursday forecast a tepid outlook. Read more about the day's notable movers here.
In Asia, Hong Kong's Hang Seng Index finished at its highest level in more than three years. European stocks ended lower after headlines of conflict escalation in Ukraine.
More must-reads from MarketWatch:
SeaWorld bows to "BlackFish" pressure
Does George Soros know something we don't?
How to choose between a pension and a 401(k)
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Coca Cola Chart |
1 Month Coca Cola Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions