Saturday, April 25th6.9°C
25349
25222

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


Read more Business News

25918


Recent Trending




Today's Market
S&P TSX15408.33+15.98
S&P CDNX697.70-1.78
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8210+0.0002
Gold1175.20-17.60
Oil55.50-0.88
Lumber258.50+3.90
Natural Gas2.531+0.002

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 



25528

FEATURED Property
2271156#310 3645 Carrington Road
1 bedrooms 1 baths
$214,888
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_



26069

25979


Member of BC Press Council


25541