By Chuck Mikolajczak
| NEW YORK
NEW YORK The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares.General Electric (GE.N), often seen as an economic bellwether, weighed on the market as the industrial conglomerate's posted results that topped expectations but cut its full-year revenue target to send shares down 0.9 percent after it touched an 8-month low of $28.33.A stronger dollar .DXY, which touched its highest level since early February, also pulled on sentiment as it could dent the earnings of large multinationals. "The dollar is getting stronger, that is going to have a negative impact energy prices, that is going to have a negative impact on corporate earnings, at least potentially," said Phil Orlando, chief equity market strategist at Federated Investors, in New York. The energy index .SPNY was off 0.7 percent, while health .SPXHC declined 0.9 percent. Johnson & Johnson This story has not been edited by Firstpost staff and is generated by auto-feed.
This story has not been edited by Firstpost staff and is generated by auto-feed.
Published Date: Oct 22, 2016 02:15 AM | Updated Date: Oct 22, 2016 02:15 AM