US stocks edge lower as mixed earnings and escalating tensions in Ukraine weigh on the market
NEW YORK, N.Y. – U.S. stocks are ending slightly lower as corporate earnings come in mixed, overcoming enthusiasm about a pickup in hiring last month.
Escalating tensions in Ukraine also weighed on the market Friday.
LinkedIn slumped 8 per cent after reporting its largest quarterly loss since going public. Estee Lauder rose 5 per cent after its earnings beat analysts’ estimates.
The Standard & Poor’s 500 index lost two points, or 0.1 per cent, to 1,881.
The Dow Jones industrial average fell 46 points, or 0.3 per cent, to 16,512. The Nasdaq composite fell three points, 0.1 per cent, to 4,123.
The government reported that U.S. employers added 288,000 jobs in April, the most in two years.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.59 per cent, near its lowest level of the year.
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