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5/23/2013 9:50 AM ET
[BRIEFING.COM][BRIEFING.COM] The major averages hover near their lows as investors react to the 7.3% plunge in the Nikkei as well as disappointing economic data from China. The S&P 500 is down 1.0% as all ten sectors trade in the red. Growth-sensitive financials,...[more]
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MARKET SNAPSHOT: U.S. Stocks Drop, Hit By Fed, Asian Selloff 9:58AM ET - Dow Jones Business News
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- 10:02 AM Children's Place ([[PLCE]] +6.7%) posts strong gains after beating on both the top and bottom line. From the report: CEO Jane Elfers says — in what is now a familiar refrain from retailers this quarter — that the company "had a difficult start [before] April sales improved significantly." Comps growth was negative (-5.5%) as was sales growth (-3.5%). $56.2M remains under the company's share repurchase program. PLCE also raises its EPS guidance for FY13 to $3.05-3.20 against consensus of $3. ( PR)
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