Grainger (GWW) Tops Q4 EPS by 37c, Revenues Miss; Offers FY19 EPS Outlook

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Go back to Grainger (GWW) Tops Q4 EPS by 37c, Revenues Miss; Offers FY19 EPS Outlook

Nasdaq boosted by chip rally, Dow, S&P 500 stall

January 24, 2019 7:51 AM EST

By Stephen Culp

NEW YORK (Reuters) - The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain.

Fourth-quarter earnings continued to be generally positive, but U.S. Commerce Secretary Wilbur Ross' comments that the United States and China were "miles and miles" from reaching a trade agreement curbed investor enthusiasm.

Chipmakers led the Nasdaq's rise, as Xilinx Inc and Lam Research Corp reported quarterly results that beat... More