Stocks fell Monday as conflicts in the Middle East and Ukraine
continued to push investors toward the sidelines. An early sell off
sent the Dow Jones Industrial Average below 17,000 this morning but
late-morning remarks by President Obama turning up the heat on
Russia over its likely involvement with the downing of a Malaysian
Airline jet last week worked to calm the markets somewhat and
pulled the major indices to within range of their break-even marks
for the day.
There was no economic reports today.
Most industry sectors in the S&P 500 finished with small
declines although energy stocks scratched out a narrow gain as
rose. Consumer stocks posted the steepest declines, falling about
0.5% as a group, with health care stocks also falling.
August crude oil rose $1.51 to settle at $104.65 per barrel
while August natural gas fell 11 cents to $3.84 per 1 million BTU.
August gold rose $4.00 to finish at $1313.90 per ounce while
September silver added 11 cents to $21.01 per ounce. September
copper rose 2 cents to $3.20 per pound.
Here's where the U.S. markets stood at end-of-day:
Dow Jones Industrial Average down 48.45 (-0.28%) to
S&P 500 down 4.59 (-0.23%) to 1,973.63
Nasdaq Composite Index down 7.44 (-0.17%) to 4,424.70
Hang Seng Index down 0.29%
Shanghai China Composite Index down 0.22%
FTSE 100 Index down 0.31%
(+) CPAH, Awarded U.S, patent for its mobile network-based
authentication technology, allowing operators to offer Over the Top
communications with mobile-based user authentication, simplifying
mobile services over non-mobile devices.
(+) EXTR, Raises Q4 outlook, expecting non-GAAP earnings in a
range of $0.06 to $0.08 per share, topping analyst estimates by at
least $0.03 per share. It sees revenue in a range of $154 mln to
$156 mln, exceeding analyst consensus by at least $8.27 mln.
(-) EZPW, Pawn lender today taps Chief Financial Officer Mark
Ruchenrither as interim CEO, replacing Paul Rothamel, who was fired
late Friday. Board chairman William Love and Joseph Beal, another
board member, also were dismissed on Friday.
(-) SIX, Q2 net sales rise 4% over year-ago levels to $377 mln,
trailing analyst consensus by $18.2 mln. Earns $66.3 mln, or $0.70
per share, up from $47.4 mln last year and matching expectations
for the quarter.
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