U.S. stocks closed out the week on a down note. The Dow Industrials fell 68 points, the Nasdaq Composite lost 60, and the S&P 500 slipped 15.
Iberiabank reported better-than-expected second-quarter profits of $101.6 million. Shares of the Lafayette-based bank rose 2.4%.
Schlumberger, the world’s largest oilfield-services company, posted quarterly earnings that beat forecasts and also appointed a new CEO. Its shares finished fractionally lower.
Oil futures rebounded modestly. August crude rose 33 cents to settle at $55.63 a barrel. For the week, however, the front-month contract skidded more than 7 ½ percent.
Disney’s new take on “The Lion King” is off to a roaring start. The photo-realistic remake of the 1994 animated hit brought in $23 million in Thursday night preview showings. Industry watchers are predicting a debut-weekend gross of $150-$180 million.