Thursday, March 5th0.7°C
25405
25147

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

24353


Recent Trending




Today's Market
S&P TSX15103.11+20.271
S&P CDNX696.92-1.17
DJIA18135.72+38.82
Nasdaq4982.81+15.668
S&P 5002101.04+2.51
CDN Dollar0.8015+0.0004
Gold1196.30-4.2999
Oil52.87+0.32
Lumber287.00-3.70
Natural Gas2.835-0.006

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.65+0.10
Cantex0.035-0.005
Anavex Life Sciences0.184+0.004
Metalex Ventures0.045+0.005
Russel Metals24.27-0.68
Copper Mountain Mining1.240.00
Colorado Resources0.130.00
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.22-0.005

 





FEATURED Property
22237801082 Peak Point Drive
4 bedrooms 4 baths
$644,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


25107