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Stock market today, Jan. 31: U.S. stocks closed down Friday, wrapping up a rough January and the worst month in trading in over a year as several corporate earnings weighed on the market.
All three major indices closed in the red. The Dow Jones Industrial Average closed down 0.94%, or 150 points, at 15,699 points. The S&P 500 closed down 0.65%, or 11.6 points, at 1,783 points, and the Nasdaq Composite Index fell 0.47%, or 19 points, to close at 4,104 points.
Energy futures closed down today. Light sweet crude oil for March delivery closed $0.74 to settle at $97.49 per barrel. Heating oil for March delivery closed down 1.0% at $3.00 per gallon, and natural gas lost 1.36%, or $0.07, to close at $4.94 per million BTUs.
Stock Market Losers Today: Mattel, Amazon
Several corporate earnings today triggered substantial stock losses.
Mattel (Nasdaq: MAT) closed down 12% at $37.84 after it reported fourth-quarter earnings of $1.07 per share, well below the Street view of $1.20 per share. Sales were $2.11 billion, off the Street view of $2.36 billion and off 6% from last year, with North American gross sales down 10% and international sales fairly flat from last year.
Mattel's earnings also weighed on Hasbro (Nasdaq: HAS), which closed down 3.4% at $49.12.
And Amazon.com Inc. (Nasdaq: AMZN) shares closed down 11% for the Friday session after it reported fourth-quarter sales were up 20% to $25.59 billion, under the Street view of $26.0 billion. Its net income was also up, to $0.51 per share, but short of expectations for $0.69 per share.
For the first quarter, Amazon expects sales of $18.2 billion to $19.9 billion, a range that includes the analyst estimate for $19.6 billion.
Today's Gainers: Cepheid, Zynga
While the overall healthcare sector was slightly lower today, a few companies are standing out with stock gains…