U.S. stocks closed just in positive territoriy after posting a
mixed session on the back of some disappointing economic data and
mixed earnings reports.
At 10:00 a.m. ET, the National Association of Realtors reported
an unfavorable surprise in December home sales. Sales of U.S.
existing-homes unexpectedly fell 1% in December to an annual rate
of 4.94 million, coming in below expectations and hitting the
lowest supply in more than 10 years, according to the National
Association of Realtors. Analysts polled by MarketWatch forecast
home sales would come in at an annual rate of 5.01 million.
Adding to market weight, the December Chicago Fed National
Activity Index came in at +0.02 vs. the consensus analyst estimate
of +0.28. Production and employment contributed +0.12 and +0.09 to
index respectively. Personal consumption and housing pulled down
the index by -0.17. Meanwhile, the three-month moving average for
the index came in at -0.13, its tenth consecutive reading below
In company news, Google (
) will be in the spotlight in the after-hours session when the
company reports its Q4 results. Analysts polled by Capital IQ
expect the company to post a profit of $10.56 per share on revenue
of $15.38 billion.
Commodities ended mostly higher. February crude-oil futures
shook off the disappointing U.S. economic data, and closed up 0.7%
at $96.68 a barrel. The Feb contract expired at the end of Nymex
trading. Gold futures ended up 0.4% at $1,693.20 an ounce, their
highest settlement since mid-December after some disappointing
economic data from the U.S. boosted the metal's safe haven
Here's where the markets stood at end-of-day:
Dow Jones Industrial Average up 0.46% to 13,712.13
S&P 500 up 0.44% to 1,492.51
Nasdaq Composite Index up 0.27% to 3,143.18
Nikkei 225 Index down 0.35%
Hang Seng Index up 0.29%
Shanghai China Composite Index down 0.56%
FTSE 100 Index up 0.03%
DAX down 0.68%
(+) ATNI, Agreed to sell its domestic retail wireless business
operated to AT&T (
) in an all-cash transaction valued at approximately $780
(+) KSU, Reported Q4 earnings of $0.92 per share, versus the
Capital IQ consensus of $0.82. Revenues were $568.4 million, versus
the analyst estimate of $565.48 million.
(+) BOX, Will be acquired by Ontario Teachers' Pension; SeaCube
shareholders will receive $23 in cash per SeaCube common share,
representing a 13.3% premium over the stock's closing price on
(+) CEDC, Appoints Ryan Lee as CFO, replacing Bartosz
Kolacinski, who has agreed to resume his position as deputy CFO of
CEDC. Kolacinski had been serving as interim CFO of CEDC since
September 2012. Despite climb, shares near 52-week low.
(-) PKG, Reported Q4 earnings of $0.61 per share, ex one-time
items, versus the Capital IQ consensus of $0.62. Revenues were
$736.6 million, versus the analyst estimate of $717.92 million.
(-) EAT, Reported Q2 earnings of $0.50 per share, ex one-time
items, matching the Capital IQ consensus. Revenues were $689.8
million, versus the analyst estimate of $693.21 million.
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