European shares closed higher on Thursday, as investors focused on Wall Street earnings and the latest U.S. jobs data.» Read More
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results.
*Google, IBM shares fall a day after posting earnings. NEW YORK, April 17- U.S. stocks advanced slightly in choppy trading on Thursday after three days of gains, as underwhelming results from tech bellwethers Google and IBM were offset by upbeat quarterly numbers, including those from Morgan Stanley and General Electric.
April 17- UnitedHealth Group Inc, the largest U.S. health insurer, said on Thursday it has spent more than $100 million to cover a pricey new hepatitis C drug from Gilead Sciences Inc, a higher cost than it expected by "multiples," sending shares in the sector lower.
Technology stocks are leading an early decline on Wall Street after Google and IBM reported disappointing earnings. Mattel and UnitedHealth Group also fell in early trading Friday after their own results fell short of what investors were expecting. Goldman Sachs and Morgan Stanley rose after reporting better results than analysts had forecast.
The market appeared set Thursday morning for its fourth-consecutive positive open this week, but immediately turned negative as investors sold shares in Google and IBM. Earnings from toy maker Mattel and insurer UnitedHealth also dragged down the market. While big drops in IBM and UnitedHealth helped keep the Dow Jones industrial average in the red.
UnitedHealth Group's first-quarter net income slid 8 percent as funding cuts to a key product and costs imposed by the health care overhaul dented the health insurer's performance.
US stock indexes rise in pre-market trading on positive earnings from Pepsi, others Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels GE earnings lower because of NBC sale last year, outlook for economy positive PepsiCo quarterly profit beats expectations on stronger snack sales, cost cuts Goldman Sachs says first-quarter earnings fall 11 percent as fixed income trading slumps Mattel reports 1st quarter loss on weak sales of Barbie, weakness internationally Chipotle sales surge as more customers take a taste, but higher costs limit profit gains Target expands subscription service as it fends off Amazon.com in fight for online shoppers EU warns Russia of using gas supplies to Ukraine for political ends, urges stable supplies UnitedHealth's 1st- quarter profit tumbles 8 percent, insurer cites overhaul costs
Cigna Corp. fell$. 55 or. 7 percent, to $76.78. Humana Inc. fell$. 85 or. 8 percent, to $108.80. UnitedHealth Group fell $1.32 or 1.7 percent, to $78.19.
Cigna Corp. fell$. 39 or. 5 percent, to $76.94. Humana Inc. fell $1.02 or. 9 percent, to $108.63. UnitedHealth Group fell $1.57 or 2.0 percent, to $77.95.
UnitedHealth Group's earnings outlook will be limited, according to Citi analyst Carl McDonald, who downgraded shares of the nation's largest insurer to "neutral" from "buy."
Cigna Corp. fell$. 32 or. 4 percent, to $77.01. Humana Inc. fell$. 65 or. 6 percent, to $109.00. UnitedHealth Group fell$. 94 or 1.2 percent, to $78.57.
Some of the names on the move ahead of the open.
Cigna Corp. rose$. 24 or. 3 percent, to $77.35. Humana Inc. rose $1.09 or 1.0 percent, to $109.25. UnitedHealth Group rose$. 23 or. 3 percent, to $79.18.
Cigna Corp. rose$. 07 or. 1 percent, to $77.18. Humana Inc. fell$. 01 or percent, to $108.15. UnitedHealth Group rose$. 18 or. 2 percent, to $79.13.
Cigna Corp. fell$. 13 or. 2 percent, to $76.98. Humana Inc. fell$. 18 or. 2 percent, to $107.98. UnitedHealth Group fell$. 48 or. 6 percent, to $78.47.
But the market pushed higher from the get-go Monday, receiving a boost from solid earnings from Citigroup and a strong pickup in retail sales last month. Among the stocks that rose sharply were WebMD, Edwards Lifesciences and Goodrich Petroleum. Citigroup helped stoke the rally.
The sharp stock market decline last week doesn't look like it will continue this week, Jonathan Golub, chief U.S. market strategist at RBC Capital, told CNBC on Monday.
Cigna Corp. fell $1.98 or 2.5 percent, to $77.11. Humana Inc. fell $1.50 or 1.4 percent, to $108.16. UnitedHealth Group fell $1.04 or 1.3 percent, to $78.95.
Cigna Corp. fell $1.07 or 1.3 percent, to $78.03. Humana Inc. fell$. 66 or. 6 percent, to $109.00. UnitedHealth Group fell$. 62 or. 8 percent, to $79.37.
Cigna Corp. fell$. 10 or. 1 percent, to $81.48. Humana Inc. fell$. 85 or. 7 percent, to $113.05. UnitedHealth Group rose$. 07 or. 1 percent, to $81.46.