BUZZ-U.S. STOCKS ON THE MOVE-Microsoft, Alphabet, Kimberly-Clark, Starbucks
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes were flat on Friday after poor quarterly reports from technology bellwethers Microsoft and Alphabet outweighed gains from steadying oil prices. The Dow Jones industrial average was up 0.12 percent at 18,003.54, the S&P 500 was up 0.02 percent at 2,091.93 and the Nasdaq Composite was down 0.77 percent at 4,907.96.
** ALPHABET INC, $737.1, -5.50 pct
Google's parent company missed Wall Street targets for first-quarter profit and revenue on Thursday as it spent more money to build traffic for its mobile advertising services.
** MICROSOFT CORP, $51.03, -8.52 pct
The software company reported results that fell short of analysts' expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market.
** KIMBERLY-CLARK CORP, $125.66, -4.62 pct
The personal care product maker reported lower-than-expected first-quarter sales, hurt by a strong dollar. Continued...