NEW YORK, Jan 28 (APP/AFP) – Wall Street stocks
finished little changed Friday following a lackluster US fourth-quarter growth report and some high-profile earnings disappointments from Chevron, Google parent Alphabet and
others.
Analysts said the market was still digesting gains from earlier in the week, including the Dow’s surge Wednesday above 20,000 points.
The Dow Jones Industrial Average ended down less than 0.1 percent at
20,093.78.
The broad-based S&P 500 dropped 0.1 percent to 2,294.69, while the
tech-rich Nasdaq Composite Index rose 0.1 percent to 5,660.78.
US growth came in at a sluggish 1.9 percent in the quarter ending December 31, well below the 3.5 percent in the third quarter and under analyst expectations.
Chevron was the biggest loser in the Dow, shedding 2.4 percent as it
reported fourth-quarter earnings of 22 cents share, well below the 64 cents
expected by analysts.
Google parent Alphabet lost 1.1 percent after fourth-quarter earnings rose eight percent to $5.3 billion, although it missed expectations.