WebSify
Follow us on
Mail
Print

Mixed retail earnings keep stock gains in check

Source : AP
Last Updated: Thu, Nov 15, 2012 14:45 hrs

.

Wal-Mart's stock fell sharply, giving up 4 percent after the retailer gave investors a profit forecast that was weaker than they were expecting. Target said its profit rose but the company also said sales rose at a slower pace than last year. Target's stock edged up less than 1 percent.

The Dow Jones industrial average was up nine points at 12,580 in early trading Thursday.

The Standard & Poor's 500 index was up four points at 1,359 and the Nasdaq composite was up seven points at 2,853.

Data storage company NetApp was the biggest gainer in the S&P 500 index after the company reported earnings that beat analysts' expectations.



blog comments powered by Disqus
most popular on facebook
talking point on sify finance