CLOSING UPDATE: Stocks End Just in the Green; Shake-Off Disappointing Economic Data


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 zero.

In company news, Google ( GOOG ) 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 appeal.

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 ( T ) in an all-cash transaction valued at approximately $780 million.

(+) 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 January 18.

(+) 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: GOOG , T

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