BUSINESS US stocks open mixed amid earnings, data

BUSINESS

US stocks open mixed amid earnings, data

Xinhua

23:55, February 01, 2019

Shortly after the opening bell, the Dow Jones Industrial Average increased 87.69 points, or 0.35 percent, to 25,087.36. The S&P 500 added 2.19 points, or 0.08 percent, to 2,706.29. The Nasdaq Composite Index decreased 22.07 points, or 0.30 percent, to 7,259.67.

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File photos: VCG

Amazon reported fourth-quarter earnings that far exceeded analysts estimates on Thursday after market close.

The company registered earnings per share of $6.04 on revenue of $72.4 billion.  The net sales of Amazon Web Services reached $7.43 billion.

For full year 2018, Amazon's net sales increased 31 percent to $232.9 billion.

However, Amazon shares declined more than 4 percent in early trading on Friday after the company warned of increased spending this year.

On the data front, job growth in January beat expectations with total nonfarm payrolls increasing by 304,000 despite a partial government shutdown that was the longest in US history, the Labor Department said Friday.

Job gains occurred in several industries, including leisure and hospitality, construction, health care, and transportation and warehousing, the department said.

It added that the unemployment rate edged up to 4 percent.  

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