A mixed session for Wall Street today, as investors continued to weigh corporate earnings reports and concerns about the global economy.
The Dow Jones Industrials fell 22 points, but the tech-heavy Nasdaq Composite gained 47.
Starbucks has just released its fiscal 1st-quarter results. Its earnings and revenue billion both appeared to beat analysts’ forecasts. The coffee giant also said it expects its full-year earnings to be a little above analysts’ current estimates. Still, Starbucks shares were down about 1% in after-hours trading.
A buildup of domestic crude-oil supplies! The Energy Department reported today that domestic crude supplies jumped by 8 million barrels last week -- generally in line with what the American Petroleum Institute reported yesterday, a 6.6 million barrel increase. March West Texas Intermediate Crude settled 1% higher at $53.13 a barrel.