Stocks slip on consumer spending, sentiment data – Yahoo Finance
The Dow hit a new high of 16,717. In another telling sign of a rebound, the CNNMoney Fear & Greed index is in neutral territory. It had been languishing in fear for weeks. Related: Fear & Greed Index back to neutral 2.
Big Lots shares jumped 13.1 percent to $42.44 after the closeout retailer posted better-than-expected results and higher sales. In contrast, shares of apparel retailers Express and Guess slumped a day after the companies forecast disappointing profits for the current quarter amid a sluggish revival in consumer spending. Express shares sank 7.5 percent to $12.61. Guess fell 5.1 percent to $25.50. Volume was modest, with about 5.92 billion shares traded on U.S.
US STOCKS-Dow, S&P 500 end at record highs after data
The Nasdaq is up 2.9 percent and the Dow is up 0.5 percent. Since it was a holiday-shortened week, trading volume has been light. Roughly 2.1 billion shares have exchanged hands on the New York Stock Exchange, well below the 3.4 billion done on a typical day. LIONS GATE LOCKED OUT: Lions Gate Entertainment dropped $3.48, or 12 percent, to $26.05 after reporting a profit of 35 cents per share, a 70 percent drop from the year before and well below what analysts had expected. SOLAR ECLIPSE: Sunglasses retailer Pacific Sunwear dropped 52 cents, or 17 percent, to $2.42.
2 Dividend Stocks That Are Great for Retirees
Some great examples of these are Tesla Motors, 3D Systems, and LinkedIn. All three of these companies are still early in their corporate lives. If they’re technologies and services continue to take hold, they could end up being significantly larger than they are today. By contrast, if they don’t, then they could easily go out of business.