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Jan. 23, 2020, 4:28 p.m. EST

Stocks claw back losses to end mixed amid earnings deluge and China’s efforts to contain viral outbreak

WHO refrains from declaring global health emergency; Nasdaq edges up to record

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By Chris Matthews, MarketWatch , Clive McKeef

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Which stocks are in focus?

Shares of P&G closed down 0.5% Thursday, after the consumer-products companyreported a fiscal second-quarter profit that beat expectations but revenue that rose less than forecast.

Traveler’s  stock, meanwhile, slumped 5.06%, after the insurer reported profit and revenue that topped expectations but net premiums written that came up a bit shy.

Shares of Comcast Corp . /zigman2/quotes/209472081/composite CMCSA -0.26% fell 3.8% even after the media giant topped revenue and earnings estimates for the fourth quarter, but Netflix /zigman2/quotes/202353025/composite NFLX +0.87% stock rose 7.2% after Comcast posted big video-subscriber losses.

American Airlines Group Inc . /zigman2/quotes/209207041/composite AAL +1.81%  reported fourth-quarter profit and load factor that rose better than Wall Street had expected, while revenue met forecasts and the stock rose 5.4% despite concerns over the impact of the coronavirus on travel demand.

JetBlue Airways Corp .’s /zigman2/quotes/207639051/composite JBLU +0.74% stock rose 6.4% Thursday, after the airline topped earnings estimates for the fourth quarter.

Shares of Southwest Airlines Co . /zigman2/quotes/201071949/composite LUV +0.94% rose 3.6% after the air carrier reported a fourth-quarter profit and load factor that missed expectations, while revenue rose a little above forecasts. Chief Executive Gary Kelly said operational performance in 2019 was reduced by an estimated $828 million due to the grounding of Boeing Co .’s /zigman2/quotes/208579720/composite BA +2.57% 737 MAX planes.

See also : At Boeing, growing debt and 737 Max doubts cloud quarterly earnings

Which stocks are in focus?

Government bond yields slipped Thursday, with the yield on the 10-year U.S. Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +1.65%  down 4 basis points, to 1.74%, the lowest level since Dec. 3.

Oil prices were in retreat, with the price of a barrel of West Texas Intermediate crude for March delivery  fell 2%, to $55.59. In precious metals, gold for February delivery  settled up 0.3% at $1561.70 an ounce.

The U.S. dollar rose 0.1% relative to a basket of six rivals, according to the ICE US Dollar index /zigman2/quotes/210598269/delayed DXY -0.29%

In Europe, stocks /zigman2/quotes/210599654/delayed XX:SXXP -0.0073%  fell 0.7% amid coronavirus concerns and after the European Central Bank left key monetary policy unchanged, as expected.

In Asia overnight, stocks sold off sharply, with the China CSI 300 /zigman2/quotes/210598128/delayed XX:000300 -1.47%  losing 3.1%, Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +2.70%  down 1.5% and Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +1.39%  losing 1%.

/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 48.57
-0.13 -0.26%
Volume: 3.67M
Jan. 19, 2021 11:00a
P/E Ratio
21.67
Dividend Yield
1.90%
Market Cap
$222.77 billion
Rev. per Employee
$573,379
loading...
/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 502.29
+4.31 +0.87%
Volume: 2.17M
Jan. 19, 2021 11:00a
P/E Ratio
81.24
Dividend Yield
N/A
Market Cap
$220.01 billion
Rev. per Employee
$2.34M
loading...
/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 16.05
+0.29 +1.81%
Volume: 15.24M
Jan. 19, 2021 11:00a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$9.53 billion
Rev. per Employee
$345,547
loading...
/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 15.04
+0.11 +0.74%
Volume: 2.72M
Jan. 19, 2021 11:00a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.69 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 47.10
+0.44 +0.94%
Volume: 1.40M
Jan. 19, 2021 11:00a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$27.54 billion
Rev. per Employee
$368,882
loading...
/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 209.57
+5.25 +2.57%
Volume: 4.64M
Jan. 19, 2021 11:00a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$115.34 billion
Rev. per Employee
$475,227
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.11
+0.02 +1.65%
Volume: 0.00
Jan. 19, 2021 11:00a
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
90.51
-0.26 -0.29%
Volume: 0.00
Jan. 19, 2021 10:50a
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
408.65
-0.03 -0.0073%
Volume: 0.00
Jan. 19, 2021 4:45p
loading...
/zigman2/quotes/210598128/delayed
XX : China Securities Index
5,437.52
-81.00 -1.47%
Volume: 21.10B
Jan. 19, 2021 3:01p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,642.28
+779.51 +2.70%
Volume: 4.57M
Jan. 19, 2021 4:08p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
28,633.46
+391.25 +1.39%
Volume: 0.00
Jan. 19, 2021 3:15p
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Clive McKeef is a MarketWatch editor and writer based in New York.

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