Wall Street closed up slightly on Monday, with the S&P 500 hitting another record high, as investors weighed weaker-than-expected earnings news from McDonald's Corporation (NYSE: MCD) early in the session.
McDonald's reported second-quarter earnings of $1.38 per share on revenue of $7.08 billion, missing forecasts of $1.40 per share on revenue of $7.10 billion. Shares of McDonald’s closed the session down 2.69 percent to $97.58.
Netflix, Inc. (Nasdaq: NFLX) reported second-quarter earnings of 49 cents per share on revenue of $1.07 billion revenue, compared with expectations of 40 cents a share on revenue of $1.07 billion, according to economists polled by Reuters.
Texas Instruments Inc. (NASDAQ:TXN) reported second-quarter earnings of 42 cents a share on revenue of $3.05 billion after the bell on Monday. Economists polled by Reuters forecast the company to report second-quarter earnings of 41 cents per share on revenue of $3.06 billion.
Hasbro, Inc. (Nasdaq: HAS), an American multinational toy and board game company, revealed second-quarter results showing net income fell 16 percent. Despite the disappointing earnings report, shares of Hasbro were up 3.28 percent to $46.87.
UBS (NYSE: UBS) ended the day up 0.60 percent to $19.24 per share after the Swiss bank said its second-quarter profit beat expectations with net income coming in at 690 million Swiss francs, or $734 million, in initial results.
Halliburton Company (NYSE: HAL) reported second-quarter earnings of 73 cents a share, or a net profit of $679 million, compared with $737 million, or 79 cents a share, in the year-ago period. Revenue rose to $7.32 billion from $7.23 billion. Analysts surveyed by Reuters had expected the company to report second-quarter earnings of 72 cents a share on revenue of $7.26 billion. Shares of Halliburton fell 1.64 percent to close at $45.08 a share.
Data on Monday showed existing home sales in the U.S. fell in June, as the National Association of Realtors said home sales fell 1.2 percent to an annual rate of 5.08 million units. Economists polled by Reuters had expected sales to rise to a 5.25 million unit pace in June.
On the earnings calendar for Tuesday, Apple Inc. (Nasdaq: AAPL) is expected to report third-quarter earnings of $7.30 per share on revenue of $35.09 billion, compared with a profit of $9.32 per share on revenue of $35.02 billion in the year-ago period, according to analysts polled by Reuters.
The Dow Jones industrial average gained 1.81 points or 0.01 percent, to close at 15,545.55. The S&P 500 rose 3.44 points or 0.20 percent, to end at 1,695.53. The Nasdaq Composite was up 12.78 points or 0.36 percent, to finish at 3,600.39.
Video Credit: Reuters
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