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Wall Street Closing
Published in Saudi Press Agency on 19 - 07 - 2013

U.S. stocks closed mixed Friday, but the major indexes enjoyed their fourth straight week of wins.
In corporate news, Google and Microsoft reported disappointing quarterly numbers after Thursday's closing bell, sending their shares sharply lower. Honeywell raised its outlook for the year, after the company reported better-than-expected earnings. General Electric reported earnings and sales roughly in line with estimates, and said it saw strong growth in U.S. orders. Whirlpool raised its guidance for the year as the appliance maker reported a significant gain in quarterly sales and profit. Schlumberger's stock rose after the energy company reported a bump in sales and profit, driven by drilling successes on land and deepwater. Chipotle Mexican Grill's stock soared after the restaurant chain reported a jump in same-store sales and profits.
The dollar lost ground against the euro and the pound, but gained ground versus the yen. Light sweet crude oil for August delivery rose 1 cent to $108.05 a barrel on the New York Mercantile Exchange. Gold futures climbed $8.70 to $1,292.90 an ounce.
The Dow Jones industrial average lost 4.8, or 0.03 percent, to 15,543.74. The broader Standard & Poor's 500 index moved up 2.72, or 0.16 percent, to 1,692.09. The technology-heavy Nasdaq composite index dropped 23.67, or 0.66 percent, to 3,587.61.


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