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Published on Oct 25, 2016
Stocks held in the red through to the end of the day after sales warnings from Caterpillar and Under Armour spooked investors. Crude oil added to losses after closing 1%, under $50 a barrel. Sprint slumped despite a better-than-expected quarter in which its postpaid phone churn reached a record low. The telecom narrowed quarterly losses and raised its full-year operating income target. DuPont also enjoyed a positive quarter, posting adjusted earnings more than double the same period a year earlier. The chemicals company also boosted its full-year profit estimates. Apple is reportedly testing out a car operating system which could operate self-driving vehicles. Apple reportedly has dozens of engineers working on the software in Canada.
Stocks held in the red through to the end of the day after sales warnings from Caterpillar and Under Armour spooked investors. Crude oil added to losses after closing 1%, under $50 a barrel. Sprint slumped despite a better-than-expected quarter in which its postpaid phone churn reached a record low. The telecom narrowed quarterly losses and raised its full-year operating income target. DuPont also enjoyed a positive quarter, posting adjusted earnings more than double the same period a year earlier. The chemicals company also boosted its full-year profit estimates. Apple is reportedly testing out a car operating system which could operate self-driving vehicles. Apple reportedly has dozens of engineers working on the software in Canada.
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