iStock/Thinkstock(NEW YORK) — Stock prices ended the day mixed on Wall Street Thursday, following good news on jobless claims and mixed quarterly earnings results from several companies.
The Dow Jones Industrial Average lost three points, finishing at 17083.80, the Nasdaq Composite fell two points at 4472.11, and the S&P 500 gained one to end at 1987.98.
Investors received positive news regarding jobs, with the Labor Department reporting that weekly applications for unemployment benefits dropped to their lowest level in eight years. Details on home sales, however, weren’t as promising, with home builder stocks dropping after news that sales of newly built homes fell eight percent last month.
Facebook shares jumped six percent to $75.41 after the company reported a profit that beat analysts expectations, while Caterpillar slid after reporting revenue figures that fell short of predictions. One day after news of yet another recall, automaker General Motors posted an 80 percent drop in second-quarter earnings compared to the same period last year, and reported net earnings of $278 million.
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