 Posted: Sat 17:11, 31 Aug 2013 Post subject: Data fails to boost US stocks as Wal Nike Blazer u |
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| Data fails to boost US stocks as Wal
The Dow Jones Industrial Average rose 8.37 points, or 0.1 per cent, to 13981.76 Friday,cheap soccer cleats, capping the blue-chip benchmark's second-straight weekly decline. The Standard Poor's 500-stock index eased 1.59 points,Woolrich Deutschland, or 0.1 per cent,Duvetica Deutschland, to 1519.79,Roger Vivier Flats Roger Vivier Sale, rounding out its seventh-straight weekly advance, the longest such stretch since January 2011. The Nasdaq Composite Index declined 6.63 points, or 0.2 per cent, to 3192.03. Wal-Mart fell 2.1 per cent,2013 PJS Jackets Shop Sale Kodiak Jackets Online PARAJUMPERS, the biggest drop among Dow components, after Bloomberg News reported a vice president at the retail giant told executives in an email that February sales so far are a "total disaster." Energy shares in the S 500 led declines across four of the index's 10 sectors as crude-oil prices fell 1.5 per cent,Duvetica Down Jackets, to settle at $US95.86. Apache slid 4.3 per cent,roger vivier discount for Discount Roger Vivier Shoes Roger Vivier Flats Roger Vivier Sale, falling for a second day after the energy company reported on Thursday that quarterly profits missed forecasts. Newfield Exploration dropped 3.4 per cent. "We're at what I think is fair value for the market for year-end,http://kevindurantshoesforsale.blogspot.com/, based on modest revenue growth and an edging higher of earnings," said Jack Ablin, chief investment officer at BMO Private Bank, which oversees $US66 billion. On the economic front,Discount Roger Vivier Shoes, New York factory activity is expanding this month, for the first time since July, according to the Federal Reserve Bank of New York's Empire State Manufacturing Survey. The survey's business conditions index bucked economists' forecasts for a decline. US industrial production was lower than expected last month as auto manufacturers trimmed output,Duvetica München Shop herren, the Federal Reserve reported. Capacity utilization slid from the prior month's upwardly revised reading but topped economists' projections. Consumers are feeling better about the economy than last month, according to the Reuters/University of Michigan preliminary consumer-sentiment index for February. The reading topped economists' expectations. "The results, between consumer confidence and production and manufacturing confirmed that the recovery of the US economy is on the right path,Duvetica München Shop," said Omar Aguilar, chief investment officer of stocks at Charles Schwab Investment Management, which oversees more than $US250 billion. The Stoxx Europe 600 fell 0.2 per cent, and remained unchanged for the week, amid weak retail sales and trade data. Retail sales in the UK unexpectedly fell in January, posting the biggest monthly decline in nine months. In addition, a decline in eurozone imports and exports in December raised some concerns about the region's manufacturing base and consumer demand. Meanwhile, the Group of 20 industrial and developing nations was expected to issue a pledge that monetary policy will focus on price stability and growth rather than on efforts to weaken currencies to boost exports. In Asia, Japanese stocks slumped amid concerns the G20 would focus on the recent decline in the yen. Japan's Nikkei Stock Average shed 1.2 per cent, hurt by exporter shares. The measure gained 0.2 per cent on the week. Australia's S 200 slipped 0.1 per cent but advanced 1.3 per cent for the week. The Shanghai market remained closed for the Lunar New Year holiday. Gold lost 1.6 per cent, to settle at $US1608.80 a troy ounce. The US dollar slipped against the euro but rose versus the yen. The yield on the 10-year Treasury note rose to 2.009 per cent as prices fell. In corporate news, Herbalife tacked on 1.2 per cent on news that activist investor Carl Icahn had acquired a roughly 13 per cent stake in the nutritional-supplement maker and plans to discuss strategic alternatives with the company. VF, the maker of North Face fleece jackets and Vans sneakers, climbed 3.3 per cent after reporting better-than-expected quarterly earnings. MeadWestvaco jumped 13 per cent after financier Nelson Peltz's Trian Fund Management reported a stake in the packaging company. Agilent Technologies slipped 5.2 per cent after the testing-equipment maker reported quarterly earnings that missed expectations and forecast earnings and revenue for the current period that fell short of analysts' views,Giuseppe Zanotti shoes outlet sale. LogMeIn tumbled 30 per cent after the information-technology company gave a first-quarter earnings projection that missed analysts' estimates,Duvetica Deutschland. Campbell Soup increased 1.8 per cent after the world's largest soup maker by sales reported higher-than-expected earnings. Late Thursday,2013 Giuseppe Zanotti shoes outlet sale Giuseppe Zanotti Sneakers, Campbell said it would cut 79 per cent of its employees in Mexico and close a plant there. 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