US sharemarkets were mixed on Monday. Shares of Boeing fell by 1.3% after The New York Times reported that workers at the company’s 787 jet plant have complained about "shoddy production and bad safety practices". Major oil companies Exxon Mobil (+2.2%) and Chevron (+1.7%) shares rose on the stronger crude oil price. Kimberly-Clark shares gained 5.4%, touching a near two-year high, after the consumer products maker reported better-thanexpected earnings. Oilfield Services company Ha...
US sharemarkets were mixed on Monday. Shares of Boeing fell by 1.3% after The New York Times reported that workers at the company’s 787 jet plant have complained about "shoddy production and bad safety practices". Major oil companies Exxon Mobil (+2.2%) and Chevron (+1.7%) shares rose on the stronger crude oil price. Kimberly-Clark shares gained 5.4%, touching a near two-year high, after the consumer products maker reported better-thanexpected earnings. Oilfield Services company Halliburton's shares fell by 0.1%, despite reporting better-than-expected revenue in North America in the first quarter. And Intuitive Surgical shares fell by 7.0% and was amongst the biggest drags on the S&P 500 after the surgical robotics maker's quarterly profit missed analysts' estimates. At the close of trade, the Dow Jones fell by 48 points or 0.2%. But the S&P500 index rose by almost 3 points or 0.1 %. And the Nasdaq index rose by 17 points or 0.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
View more
