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.
Read more Business News
- Joe Rich wildfireKelowna - 6:15 am
- Housefire in ArmstrongVernon / N. Okanagan
- Male charged in teen's deathBC
- Rally for recovery dayKelowna
|QHR Technologies Inc||1.31||-0.06|
|Anavex Life Sciences||0.22||-0.003|
|Copper Mountain Mining||2.52||-0.14|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.275||-0.015|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...