The markets traded mixed during the midday with the Dow falling 45 points to 11,677 due to disappointing December retail sales. Nasdaq added 2 points to 2705.
On the upside
Valeant Pharmaceuticals (NYSE: VRX) forecast fourth quarter results ahead of analyst estimates.
American Eagle Outfitters (NYSE: AEO) trimmed its fourth quarter outlook after December same store sales tumbled 11% but the stock price rose.
The TJX Companies (NYSE: TJX) raised its fourth quarter outlook to top analyst estimates after December same store sales climbed 2%.
On the downside
Pacific Sunwear of California (Nasdaq: PSUN) slashed its guidance for the fourth quarter as quarter-to-date same store sales dropped.
While December same store sales edged up 0.9% for Target (NYSE: TGT), the gain fell far short of analyst expectations.
Constellation Brands (NYSE: STZ) reported sharply higher third quarter earnings but revenue slipped.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 793.
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