Toward the end of trading Wednesday, the Dow traded down 0.20
percent to 16,382.22 while the NASDAQ surged 0.44 percent to
4,244.81. The S&P also rose, gaining 0.10 percent to
Top Headline Coach (NYSE:
) reported downbeat fiscal second-quarter profit.
Coach's quarterly net income fell to $297.4 million, or $1.06
per share, versus a year-ago profit of $352.8 million, or $1.23
Its revenue declined 5.6% to $1.42 billion. However, analysts
were expecting a profit of $1.11 per share on revenue of $1.48
Equities Trading UP Brinker International (NYSE:
) shot up 6.08 percent to $49.54 as the company reported upbeat
Shares of Cree (NASDAQ:
) were up as well, gaining 7.45 percent to $67.55 after beating
street expectations in its second quarter report following the
Nuance Communications (NASDAQ:
) was also up, gaining 8.56 percent to $16.17 after the company
lifted its first-quarter forecast.
Equities Trading DOWN Shares of Dendreon (NASDAQ:
) fell 6.52 percent to $3.01 despite little news on the issue
Advanced Micro Devices (NYSE:
) shares tumbled 11.75 percent to $3.68. AMD projects Q1 revenue
to drop 13% to 19% versus the fourth quarter.
) was down, falling 6.55 percent to $49.15 after the company
fiscal second-quarter profit.
Commodities In commodity news, oil
traded up 1.86 percent
to $96.74, while gold traded down 0.23 percent to $1,238.90.
Silver traded down 0.01 percent Wednesday to $19.88, while
copper fell 0.67 percent to $3.33.
Eurozone European shares were
today. The Spanish Ibex Index dropped 0.75 percent, while Italy's
FTSE MIB Index slipped 0.19 percent. Meanwhile, the German DAX
fell 0.09 percent and the French CAC 40 jumped 0.03 percent while
U.K. shares declined 0.06 percent.
Economics The MBA reported that its index of mortgage
application activity rose 4.70% in the week ended January 17.
The ICSC/Goldman Sachs Retail Chain Store Sales Index declined
1.9% in the week ended Saturday versus the earlier week.
The Johnson Redbook Retail Sales Index fell 0.2% in the first
two weeks of January from December.
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advice. All rights reserved.
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