And on the eighth day, stocks rested. The
S&P 500 Index
(INDEXSP:.INX) slipped for the first time in September, snapping a
seven-session winning streak on a day only H.L. Mencken could love.
The bard of Baltimore, whose birthday was September 12, was no fan
of finance, caustically calling Wall Street "a thoroughfare that
begins in a graveyard and ends in a river." The church associated
with said graveyard is actually the Street's most reliable
money-making machine, thanks to a
$2 billion gift from Queen Anne of England
. It's the rivers that are currently causing problems. Or, more
accurately, other bodies of water. Fresh from
) 29.93% tumble on Wednesday,
) sink 2.24% 24 hours on. At least
) doesn't need the
, with the company gaining 2.42% to best all blue chips. Moving
from Jack Sparrow to Jack Dorsey,
Twitter's bluebird is about to become very
. Not to be outdone,
) rose 0.87% to an all-time high.
Today in economics, the preliminary Thomson Reuters/University of
Michigan September consumer sentiment survey is out at 9:55 a.m.
Eastern, and July business inventories follow at 10:00 a.m. On the
Pier 1 Imports
) is the pick of quarterly earnings announcements.
(ALU): The telecom stock is taken to Perform from Outperform by BMO
(BRC): Shares are now Neutral from Outperform with a $33 target
price at Robert W. Baird, which cites operational challenges.
(DSX): The stock gets downgraded to Hold from Buy at Deutsche Bank.
Harmony Gold Mining
(HMY): Goldman Sachs cuts the commodity company to Sell from
: Sanford Bernstein inflicts Market Perform-from-Outperform ratings
(TEVA): Shares are moved to Neutral from Overweight at JPMorgan,
which also trims its price objective by $2 to $43.
(UA): The athletic apparel name is now Neutral from Outperform at
(VSI): Sterne Agee slashes the stock to Neutral from Buy.
Stock Upgrades: Verizon Is Moving On Uptown
New Stock Coverage: Urban Outfitters Boosted by Socks and