Just as we were gearing up for the Dow to hit 18,000, the blue chip average dips into the red for a second day as investors take a cautious tone ahead of Friday's jobs report. The Dow lost 4 points, the S&P slashed 2 points, and the Nasdaq ended down 14 points.
Disney (NYSE:DIS) posted mixed results, sending shares lower in extended trading. The world's largest entertainment company fell short on revenue but beat on profit. It's been a turbulent few months for Disney and ESPN, its sports powerhouse. ESPN ratings have been slipping and hundreds of employees were laid off this fall.
Kraft Heinz (NASDAQ:KHC) fell after hours after it missed estimates on both profit and revenue. The earnings come after the food and beverage giant took an axe to its operations, announcing it will close seven plants and lay off 2,600 workers, or 6% of its workforce.
Investors gave Facebook (NASDAQ:FB) a giant "like" Thursday; the social media giant rallied to an all-time high after a blowout earnings report as revenue rose 41% to $4.5 billion. Facebook's bottom line was definitely helped by the rise in mobile advertising revenue. The stock closed up 4% and the social network is now worth more than $300 billion.
Another tech titan, Amazon (NASDAQ:AMZN), hit a lifetime high. The world's largest online retailer has been on fire since reporting a surprise profit two weeks ago. Since then, it's hit five record highs and jumped 16%.
Troubled pharmaceutical giant Valeant (NYSE:VRX) plummeted again Thursday, losing 14%. Valeant's losses have snowballed in the past week after it came under fire for its ties with specialty pharmacy Philidor, which has since closed.