Kimberly-Clark Sales Decline, but Stock Gains 5%

Kimberly-Clark Sales Decline, but Stock Gains 5%

Todd Peters, senior vice president at Adviser Investments, has the market analysis for Monday, April 22. Major U.S. market indexes saw little change and closed with mixed results. The Dow Jones Industrial Average declined 0.2% and the S&P 500 index and NASDAQ Composite rose 0.1% and 0.2%, respectively. Crude oil prices advanced to a near six-month high on news that the U.S. is ending Iranian import waivers. Meanwhile, Kimberly-Clark’s first-quarter sales and earnings declined 2% and 3%, respectively. Despite the drop, these figures topped analyst expectations and the stock closed the day with 5% gains.

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