Tuesday, September 2nd14.6°C
22736
22642

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

22929


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9162-0.0032
Gold1281.70-2.1001
Oil95.96+1.29
Lumber349.60+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



22819

FEATURED Property
20084203957 Eastwood Drive
3 bedrooms 3 baths
$545,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_



22692

22692


Member of BC Press Council


22810