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US stocks drift higher on a directionless day; Weak outlooks sink several retailers

NEW YORK, N.Y. - Stocks are ending mostly higher after drifting between slight gains and losses all day.

Retailers were in the spotlight Thursday. Bed Bath & Beyond and Family Dollar plunged after cutting their earnings forecasts following a disappointing holiday season. Macy's surged after saying it would cut 2,500 jobs.

The Standard & Poor's 500 inched up less than a point to finish at 1,838. The index had only its second gain out of the six days of trading in 2014. The index is still just 10 points below the most recent record high it set on Dec. 31.

The Dow Jones industrial average lost 18 points, or 0.1 per cent, to 16,444. The Nasdaq composite lost nine points, or 0.2 per cent, to 4,156.

Ford rose 2 per cent after announcing a dividend increase.

The Canadian Press


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Today's Market
S&P TSX14960.51-16.41
S&P CDNX909.29-3.47
DJIA17042.90-28.32
Nasdaq4493.39-12.462
S&P 5001972.29-5.51
CDN Dollar0.8918-0.0012
Gold1206.50-5.10
Oil89.95+0.19
Lumber333.20+0.30
Natural Gas4.124+0.003

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.26+0.03
Cantex0.065-0.025
Anavex Life Sciences0.184-0.001
Metalex Ventures0.0550.00
Russel Metals34.57+0.08
Copper Mountain Mining2.42-0.10
Colorado Resources0.165+0.015
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.32-0.02

 



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