Stock market ends lower after disappointing results from Twitter, bellwethers

collected by :Haron Adler

as declared in While Alphabet reported strong results, Netflix disappointed earlier this season. Generally speaking there's a lot of confidence about earnings growth, and the number of firms that are meeting or beating expectations, even in light of names like Facebook," he said. Twitter Inc. TWTR-2.62% tumbled 21% after it reported its second-quarter results and gave a third-quarter outlook that was below forecasts. Shares fell 0.4%. Electronic Arts Inc. EA+1.73% shares fell 5.7% after the videogame maker issued an earnings beat late Thursday but fell short of Wall Street targets for coming quarters.

Nifty gainers losers: Stock market update: Top Nifty gainers and losers of Friday's session

As many as 39 stocks hit 52-week highs, compared with 26 stocks that touched 52-week lows on NSE. NEW DELHI: Indiabulls Housing Finance, Axis Bank, Vedanta, YES Bank, GAIL (India), ICICI Bank, HDFC and Lupin emerged as the top gainers among the Nifty scrips on Friday.On the other hand, Tech Mahindra, Tata Motors, Grasim Industries, Hero MotoCorp, IndusInd Bank, UltraTech Cement, HDFC Bank and Bharti Infratel stood as the top losers in the Nifty index.After two consecutive sessions of drubbings, bulls took charge on D-Street on Friday, owing to strong buying in bank, financial, metal and IT stocks despite weak Asian cues.Bank and financial counters staged an impressive comeback from their lows after the RBI on Wednesday raised the repo rate by 25 basis points amid concerns of rising inflation.The 30-share Sensex zoomed 391 points, or 1.05 per cent, to finish at 37,556, while Nifty 50 closed the day at a fresh record high of 11,361, with a gain of 116 points, or 1.03 per cent.For the week, Sensex inched up by 0.60 per cent, whereas Nifty clocked a gain of 0.73 per cent.In the Nifty basket of stocks, 33 stocks closed the day with gains, 16 with losses and one remained unchanged.All sectors on NSE finished in the green, with Nifty PSU Bank (up 1.89 per cent) as the top gainer. Shares of Canara Bank and Punjab National Bank jumped up to 4 per cent in the PSU bank index.As many as 39 stocks hit 52-week highs, compared with 26 stocks that touched 52-week lows on NSE.

Stock market continues to ignore threats from trade war

referring to According to FactSet's Senior Earnings analyst John Butters, 17% of the S&P 500 companies have reported so far, with 87% of them beating profit estimates and 77% beating revenue forecasts. Meanwhile, economic data have also been positive, showing healthy job gains and inflation rates in line with Federal Reserve's desired target of 2%. Yet, the threat of full blown trade war is looming large, whether people are noticing it or not, according to Kristina Hooper, chief global market strategist at Invesco. Helping boost such attitudes are positive earnings and economic data. Next week, 174 S&P 500 companies are expected to report their financials, including 11 Dow components.