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July 19, 2019, 4:23 p.m. EDT

Stocks close lower as Fed seen signaling only modest rate cut, Iran seizes tankers

Microsoft shares rally after earnings beat

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By Clive McKeef

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Which stocks are in focus?

Boeing Co .’s stock /zigman2/quotes/208579720/composite BA +0.49% was in focus after the aeronautics and defense contractor said it would take a $4.9 billion second-quarter charge related to its 737 Max groundings.

BlackRock Inc . /zigman2/quotes/207946232/composite BLK +0.09% reported second-quarter earnings and revenue that fell below expectations, as the investment management and advisory company said it had lower base fees as a result of lower securities and lending revenue and lower performance fees.

Shares of American Express Co . /zigman2/quotes/203805826/composite AXP +0.02% fell after the payment-processing company reported second-quarter earnings and revenue that slightly surpassed expectations. The stock has rallied 33.2% year-to-date.

Shares of Schlumberger NV /zigman2/quotes/201012972/composite SLB +0.49% fell after the oil services company reported second-quarter revenue that beat expectations and revenue that was in line and announced that CEO Paal Kibsgaard will retire and step down as chairman of the board.

How are other markets trading?

The yield on the 10-year U.S. Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -0.38% was little changed around 2.04%.

In commodities markets, the price of U.S. crude oil  ended higher following Iran’s seizure of a U.K. tanker, but suffered a steep weekly loss.

Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened but gained for the week after logging their first intraday climb above $1,450 an ounce in six years.

The U.S. dollar index /zigman2/quotes/210598269/delayed DXY +0.27% , meanwhile, was slightly firmer around 97.15.

In Asia overnight Thursday, stocks closed mostly higher, with the China CSI 300 /zigman2/quotes/210598128/delayed XX:000300 -1.02% rising 1.5%, Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.32% jumping 2%, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.48% added 1.1%. In Europe, stocks were slightly higher, with the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.44% up 0.2%.

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 368.25
+1.81 +0.49%
Volume: 1.13M
Nov. 22, 2019 1:13p
P/E Ratio
56.47
Dividend Yield
2.23%
Market Cap
$206.23 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/207946232/composite
US : U.S.: NYSE
$ 485.42
+0.44 +0.09%
Volume: 201,655
Nov. 22, 2019 1:11p
P/E Ratio
18.68
Dividend Yield
2.72%
Market Cap
$75.26 billion
Rev. per Employee
$952,953
loading...
/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 118.82
+0.02 +0.02%
Volume: 665,008
Nov. 22, 2019 1:13p
P/E Ratio
14.36
Dividend Yield
1.45%
Market Cap
$97.21 billion
Rev. per Employee
$733,559
loading...
/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 36.80
+0.18 +0.49%
Volume: 4.51M
Nov. 22, 2019 1:13p
P/E Ratio
N/A
Dividend Yield
5.44%
Market Cap
$50.70 billion
Rev. per Employee
$328,150
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/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.77
-0.0068 -0.38%
Volume: 0.00
Nov. 22, 2019 1:13p
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/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
98.26
+0.27 +0.27%
Volume: 0.00
Nov. 22, 2019 1:03p
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/zigman2/quotes/210598128/delayed
XX : China Securities Index
3,849.99
-39.60 -1.02%
Volume: 9.10B
Nov. 22, 2019 3:01p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
23,112.88
+74.30 +0.32%
Volume: 0.00
Nov. 22, 2019 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,595.08
+128.20 +0.48%
Volume: 1.10M
Nov. 22, 2019 4:09p
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
403.98
+1.76 +0.44%
Volume: 0.00
Nov. 22, 2019 5:50p
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Clive McKeef is a MarketWatch editor and writer based in New York.

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