Stocks have moved only slightly today as no important economic
data was released. The
(INDEXDJX:.DJI) decreased 0.29% to 15,038.43. The
(INDEXSP:.INX) dropped 0.17% to 1,623.86, and the
(INDEXNASDAQ:.IXIC) rose 0.20% to 3,415.98.
Federal Reserve Chairman Ben Bernanke spoke this morning at the
Chicago Fed Banking Conference
. Bernanke stated that he still views the shadow banking system as
a threat to financial systems. He also said that bank-funding
markets may be unable to withstand a major default.
The US Treasury will report today on its budget for April at 2 p.m.
EDT. In March, the Treasury ran a deficit of $106.5 billion.
) climbed 3.74% to $765.06. The online travel agency reported
first-quarter earnings of $244 million, or $4.76 per share, a 34%
increase from $182 million, or $3.54 per share, in the prior-year
quarter. Excluding one-time items, the online travel agency earned
$5.76 per share. Revenue increased to $1.3 billion from $1.04
billion in the prior-year quarter. Credit Suisse raised its price
target for Priceline.com from $886 to $924; Piper Jaffray raised
its price target for Priceline from $800 to $850. (See also:
How to Play Priceline.com: Has the Stock Gone Up Too
Much, Too Fast?
) increased 3.95% to $14.46. The maker of graphic processors
reported a first-quarter net income of $77.9 million, or $0.13 per
share, compared to $60.4 million, or $0.10 per share, in the
prior-year quarter. Sales increased 3.2% year-over-year to $954.7
) jumped 4.94% to $40.73. Yesterday the operator of apparel retail
stores reported first-quarter net sales of $3.73 billion compared
to $3.49 billion in the prior-year quarter. Net sales for the
four-week period ended May 4 increased to $1.21 billion from $1.15
billion for the four-week period ended April 28 last year.
) spiked 22.02% to $6.82. Yesterday the company, which produces and
sells rare earth and rare metal materials, reported a first-quarter
loss of $50.1 million, or $0.33 per share, compared to a $6.3
million loss, or $0.07 per share, in the prior-year quarter.
Revenue increased to $146.4 million, compared to $84.5 million in
the prior-year quarter.
) fell 1.13% to $451.63.