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SmarTrend Market Close Wrap-Up -- January 27, 2012(DJI,INX,IXIC)

Written on Fri, 01/27/2012 - 4:22pm
By SmarTrend Staff

The major U.S. equity indices closed mixed Friday as US gross domestic product in the fourth quarter 2011 proved to be the strongest of the year, as the economy extended at a 2.8% annualized pace.

In corporate news, Ford (NYSE:F) reported Q4 EPS of $0.20, well below estimates of $0.25. The company reported Q4 revenues of $34.6 billion, beating estimates of $33.51 billion.

While Procter & Gamble (NYSE:PG) reported Q2 EPS of $1.10, topping consensus estimates of $1.08. Revenues in the quarter came in at $22.14 billion vs. estimates of $22.18 billion.

The Dow Jones Industrial Average (DJI) closed 0.58% lower at 12,600.46, the S&P500 (S&P 500 INDEX,RTH) closed 0.16% lower at 1,316.32, and the Nasdaq Composite (IXIC) closed 0.40% higher at 2,816.55.

Keywords: Procter & Gamble

Ticker(s): F PG FORD

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