NEW YORK Trace McSorley Youth Jersey , July 24 (Xinhua) -- U.S. stocks pared earlier gains to end in mixed territory on Wednesday, as investors digested a bunch of mixed earnings reports from major U.S. companies.
The Dow Jones Industrial Average lost 25.50 points, or 0.16 percent, to 15,542.24 points. The S&P 500 was down 6.45 points, or 0.38 percent, to 1 Iman Marshall Youth Jersey ,685.94 points. The Nasdaq Composite Index gained 0.33 point, or 0.01 percent, to 3,579.60 points.
The U.S. stock market opened mildly up, with the broader S&P 500 testing the important psychological level of 1,700 points again on Apple's better-than-expected earnings in the third fiscal quarter of 2013 released late Tuesday.
The iPhone maker posted quarterly revenue of 35.3 billion U.S. dollars, higher than the previous year's 35 billion dollars. Its quarterly net profit was 6.9 billion dollars Ben Powers Youth Jersey , or 7.47 dollars per diluted share, topping analysts' consensus of earning 7.31 dollars a share on revenue of 35 billion dollars in the quarter. Apple shares gained 5.14 percent to 440.51 dollars a share.
Dow component Boeing and automaker Ford Motor both posted strong second-quarter results on Wednesday morning.
Boeing's second-quarter core earnings per share rose 13 percent to 1.67 dollars a share, driven by strong operating performance. Its quarterly revenue increased 9 percent to 21.8 billion dollars, reflecting higher deliveries on the 787 and 737 programs.
Ford's net income in the second quarter jumped 18.6 percent year-on-year to 1.2 billion dollars and revenue rose to 38.1 billion dollars from 33.3 billion dollars a year earlier.
However, the Dow dipped into negative territory about half an hour after the opening bell, dragged by disappointing earnings reports from the two Dow components Caterpillar and AT&T.
AT&T said late Tuesday that its second-quarter profit slid 2.1 percent. The telecom giant's shares lost 1.14 percent to 35.40 dollars a share.
Caterpillar said Wednesday its quarterly profit plunged 43 percent. Shares of the mining and construction equipment maker shed 2.43 percent to 83.44 dollars a share.
Facebook shares jumped in after-hours trading as the social networking company posted its earnings and revenue for the second quarter both of which beat analysts' forecasts.
On the economic data, U.S. new residential sales in June increased 8.3 percent to a seasonally adjusted annual rate of 497 Justice Hill Youth Jersey , 000 from the revised May rate of 459,000, the U.S. Commerce Department reported Wednesday. However, the pick-up still trailed market estimates.
"The recent increase in mortgage rates may have propelled would- be homeowners to enter a contract before pre-approved rates expired," Mei Li, an economic analyst at FTN Financial, commented in a note on Wednesday.
Additionally Miles Boykin Youth Jersey , leading financial information company Markit said Wednesday the U.S. Manufacturing Purchasing Managers' Index picked up to 53.2 in July, marking a four-month high.
On the previous trading day, the Dow set a new record closing high, but the S&P 500 failed to break through the psychologically important level of 1,700 points.
Traders believed that the range between 1,698 points and 1,700 points is a resistance for the S&P 500 Jaylon Ferguson Youth Jersey , thus the benchmark index will need to test that level a few times before it is able to break it through.
French President Georges Pompidou dreamt of a vast cultural centre 锟?a museum and an art school comprising plastic arts and music, cinema, books and audiovisual research. In 1969 architects from 49 countries participated in an architectural design competition. 680 projects were presented. The contest was won by the Italian architect Renzo Piano and the British architect couple Richard Rogers and Sue Rogers. Works to construct the centre took 5 years and finished in 1977.
锟絋he European house of culture锟? 锟絫he artistic cathedral锟? 锟絫he cultural supermarket锟? 锟絘n eclectostation锟? 锟絇ompidoulium锟?- there are many words the French press called the new center with. An unusual construction symbolized the purpose of the centre 锟?culture 锟絤ass production锟?and spreading.
In contrast to the traditional architecture one can see at the IV arrondissement, the building impresses with its avant-garde forms and scales. Its 42 meters high, 166 meters long and 60 meters wide. It has eight floors, including three underground ones. To leave some space inside the building, all the communication systems were located outside. This looks fabulous: blue Marquise Brown Youth Jersey , green and yellow tubes, each with a different function.
Centre Georges Pompidou, or simply Beaubourg as the locals call it, is one of the most visited city attractions. The building houses a public library, the Mus锟絜 National d'Art Moderne, IRCAM - the centre for music