Wednesday, October 22nd8.9°C
23840

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

23028


Recent Trending




Today's Market
S&P TSX14312.07-235.64
S&P CDNX808.00-14.28
DJIA16461.32-153.49
Nasdaq4382.847-36.632
S&P 5001927.11-14.17
CDN Dollar0.8883-0.0012
Gold1242.30-3.20
Oil80.07-0.06
Lumber330.40+1.70
Natural Gas3.647-0.012

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.055-0.025
Anavex Life Sciences0.198+0.006
Metalex Ventures0.05+0.005
Russel Metals32.53-0.56
Copper Mountain Mining2.10-0.07
Colorado Resources0.145-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.405-0.055

 



23028

FEATURED Property
2111617#29 1853 Edgehill Avenue
$284,900
more details
image2
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...

_








Member of BC Press Council


22632