Markets Modestly Lower Despite Debt Debate
The markets recovered from early morning losses but continued trading in negative territory during the midday with the Dow slipping 15 points to 13,492 as December retail sales gained a better than expected 0.5%. Nasdaq lost 14 points to 3103.
On the upside
Retail sales rose more than expected in December to lift shares of Gap (NYSE: GPS).
The Burlington School District deployed EnerNOC's (Nasdaq: ENOC) EfficiencySMART Insight application to reduce energy consumption and expenses.
On the downside
Coldwater Creek (Nasdaq: CWTR) warned of flat fourth quarter sales and greater losses than previously forecast. Given Imaging (Nasdaq: GIVN) ended discussions for a possible sale.
Profit taking sank shares of Telik (Nasdaq: TELK).
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1467.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here