Monday, October 20th9.8°C
23836
22646

Stocks turn lower in midday trading on Wall Street; Bed Bad & Beyond, Family Dollar slump

NEW YORK, N.Y. - Stocks are lower in midday trading as traders reacted to disappointing news out of the retail industry.

The Dow Jones industrial average was down 48 points, or 0.3 per cent, at 16,414 as of noon (1700 GMT) Thursday.

The Standard & Poor's 500 index fell four points, or 0.2 per cent, to 1,833. The Nasdaq composite lost 16 points, or 0.4 per cent, to 4,149.

Retailers Bed Bath & Beyond and Family Dollar plunged after cutting their earnings forecasts following a disappointing holiday season. They were the biggest decliners in the S&P 500.

The bleak outlooks outweighed some encouraging news on the job market. The number of Americans seeking unemployment benefits fell by 15,000 last week, more than economists were expecting.

The Canadian Press


Read more Business News

23104


Recent Trending




Today's Market
S&P TSX14337.77+110.09
S&P CDNX811.351.22
DJIA16399.6719.26
Nasdaq4316.075+57.637
S&P 5001904.01+17.25
CDN Dollar0.8876+0.0017
Gold1249.90+5.2001
Oil81.57+0.19
Lumber330.40-0.50
Natural Gas3.678+0.008

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.12+0.01
Cantex0.055-0.025
Anavex Life Sciences0.191+0.001
Metalex Ventures0.050.00
Russel Metals32.28-0.07
Copper Mountain Mining1.99+0.05
Colorado Resources0.15+0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.450.00

 



23021

FEATURED Property
20755341144 Page Rd
10087728 bedrooms
$267,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_



23803

23803


Member of BC Press Council


23824