Stock Market News: Coke Is Still It; Losses Leave Schlumberger Unfazed
The stock market moved modestly lower on Friday morning as investors took a break from the sometimes-volatile moves in major indexes during the earlier part of the week. With market participants watching closely as various macroeconomic and geopolitical issues play out, a sense of optimism has moved to the forefront over the past few days. Yet similar hopes have gotten quashed in the recent past, and so experienced investors have tempered their enthusiasm with some caution.
As of 10:30 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 77 points to 26,949. The S&P 500 (SNPINDEX: ^GSPC) fell 6 points to 2,992, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 28 points to 8,129.
In the absence of major market-moving news, investors are generally focusing their attention on earnings season. Coca-Cola (NYSE: KO) and Schlumberger (NYSE: SLB) both reported their latest results, and although the two companies are in very different businesses, they had a lot to say about the current state of the overall economy and their respective industries.
Source Fool.com
