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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Dow, S&P 500 hit fresh records, but Nasdaq ticks lower

The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 -- a day after surging by 3.0 percent following strong earnings results from chipmaker Nvidia. (AFP)
  • The Dow Jones Industrial Average, America's blue-chip index, rose 0.2 percent to end the day at a record high of 39,131.53
  • The broad-based S&P 500 was barely positive for the day, rising by well under 0.1 percent. Nevertheless, it inched higher to a new record of 5,088.80

New York, United States– US stock markets finished mixed on Friday, with the Dow and the S&P 500 hitting fresh peaks, while the Nasdaq slipped slightly following Thursday’s Nvidia-fueled surge.

The Dow Jones Industrial Average, America’s blue-chip index, rose 0.2 percent to end the day at a record high of 39,131.53.

The broad-based S&P 500 was barely positive for the day, rising by well under 0.1 percent. Nevertheless, it inched higher to a new record of 5,088.80.

The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 — a day after surging by 3.0 percent following strong earnings results from chipmaker Nvidia.

“The euphoria with Nvidia is causing a momentum to buy,” Peter Cardillo from Spartan Capital told AFP.

Amid individual firms, car sales company Carvana’s share price surged more than 32 percent after it reported its first ever annual profit.

And the cybersecurity firm Palo Alto Networks saw its share price rise more than 5.3 percent — reversing some of the dramatic 30 percent decline that occurred Wednesday after it cut its revenue forecast.