Thursday, January 29th0.7°C
24736
24977

Weak results from CSX, Citi drag US stocks mostly lower; Best Buy plunges on sales decline

NEW YORK, N.Y. - Stocks are ending mostly lower after several companies turned in disappointing earnings news, including Best Buy, Citigroup and the railroad operator CSX.

The Dow Jones industrial average fell 64 points, or 0.4 per cent, to 16,417 Thursday.

The Standard & Poor's 500 index fell two points, or 0.1 per cent, to 1,845. The Nasdaq composite edged up almost four points, or 0.1 per cent, to 4,218.

Best Buy plunged 29 per cent after the electronics retailer reported disappointing holiday sales, raising questions about whether it can turn its fortunes around.

A weak earnings forecast from CSX late Wednesday dragged that stock and other railroads lower. CSX dropped 7 per cent.

Nu Skin, a skin care and nutritional products company, plunged 39 per cent after Chinese state media reported that authorities there were investigating its business practices.

The Canadian Press


Read more Business News

24153


Recent Trending




Today's Market
S&P TSX14598.64-4.24
S&P CDNX666.37-0.93
DJIA17388.30+196.93
Nasdaq4610.886-27.108
S&P 5001996.64-5.52
CDN Dollar0.7926-0.0054
Gold1286.60-5.10
Oil46.60+0.24
Lumber318.40+2.90
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.45-0.02
Cantex0.04+0.005
Anavex Life Sciences0.185+0.003
Metalex Ventures0.0350.00
Russel Metals23.61-0.09
Copper Mountain Mining0.99-0.01
Colorado Resources0.1450.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.030.00
Mission Ready Services0.210.00

 



24497

FEATURED Property
2091601#117 3825 Glen Canyon Drive
3 bedrooms 3 baths
$379,900
more details
image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_



24709

24709


Member of BC Press Council


23646