Stocks Creep Their Way Into the Green
Following a down open stocks crept up to finish up on the day. Stocks dropped initially following the release of the January University of Michigan Consumer Sentiment Index which came in at 71.3 missing the consensus forecast of 75. The Nasdaq (INDEXNASDAQ:.IXIC) was notably weak as Intel (Nasdaq:INTC) fell sharply following Thursday afternoon's fourth-quarter earnings report which included what appeared to be an overly aggressive capital spending plan. Though this was a company-specific issue semiconductor stocks fell in sympathy with Intel. Credit card giant Capital One (NYSE:COF) also took a big hit after missing consensus estimates by an enormous ...
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