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New York.- Shares closed slightly lower on Friday on the New York Stock Exchange because escalating trade tensions after President Donald Trump again threatened China with more than tariffs, thwarted a series of robust quarterly results led by Microsoft Corp.
* Shares of Microsoft Corp peaked and ended the session with a 1.8% rise after the tech giant announced results far exceeding expectations. 19659002] * The company has narrowed the gap with Apple Inc. and Amazon.com in the race to reach a market value of one trillion dollars. The rise in Microsoft stocks gave the biggest boost to the S & P 500 and Nasdaq indices.
* Trump says it is ready to apply tariffs to Chinese imports valued at $ 500,000 million, the latest in a series of protectionist measures. provoked retaliation by US trading partners around the world.
Up to now, 87 S & P 500 companies have reported profits, of which 83.9% have exceeded estimates. Forecasts now indicate that corporate profits for the S & P 500 rose 22 percent in the quarter, up from 20.7 percent on July 1, according to Thomson Reuters I / B / E / S. [19659006] * "I think that there is a dividing line (…) One side thinks that (the trade dispute) will only lead to a global recession, and the other believes that the president is trying to make sure that the other party is negotiating, "said Robert Pavlik, president of investments at SlateStone Wealth LLC.
* Up to now, 87 S & P 500 companies have reported profits, of which 83.9% have exceeded estimates. Forecasts now show that S & P 500 corporate profits rose 22 percent in the quarter, up from 20.7 percent on July 1, according to Thomson Reuters I / B / E / S. [19659002] * The Dow Jones Industrial Average lost 6.38 points, or 0.03%, to 25,058.12 units; and the S & P 500 index lost 2.66 points, or 0.09%, to 2,801.83 units. The Nasdaq composite index lost 5.10 points, or 0.07%, to 7,820.20 units
* The Dow Jones and S & P 500 recorded their third consecutive week of gains.
* Honeywell International Inc. shares rose 3.8% after the industrial group's results beat expectations and led to an increase in its annual profit estimate.
* By contrast, shares of General Electric Co fell 4.4% and were the main constraint on the S & P 500, after the conglomerate announced a lower-than-expected decline in quarterly profit, but has reduced its cash flow target
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