News Column

Coutts-US CLOSE: STOCKS END MIXED BUT NASDAQ RALLY CONTINUES

February 19, 2014



ENP Newswire - 19 February 2014

Release date- 19022014 - US equity benchmarks finished Tuesday's session in a mixed fashion as traders returned to their desks after the Presidents' Day holiday the previous session.

Disappointing economic data also prompted investors to show caution after a strong showing by stocks last week with Wall Street benchmark indices putting in their best weekly performances of the year so far.

The Dow Jones Industrial Average was making small losses of 0.15% by the closing bell on Tuesday, while the Nasdaq rose 0.68% to register its eighth straight day in positive territory - this represents the index's longest winning streak since July 2013.

The S&P 500, meanwhile, edged 0.13% higher to finish at 1,840.76, within eight points of its record closing high set in January.

Economic data disappoints

The Empire State manufacturing index, which gauges manufacturing activity in New York, northern New Jersey and southern Connecticut, plunged to 4.48 from 12.5 in January. Economists had predicted a smaller drop to 9.

The National Association of Home Builders' housing market index, which asks survey respondents to rate market conditions for new home sales, dropped to a reading of 46 points (consensus: 56).

According to the NAHB, the softness was driven in part by 'unusually severe weather conditions across much of the nation'.

Forest Labs jumps on Actavis takeover

Pharmaceuticals group Forest Laboratories surged after Actavis launched a $25bn takeover of the maker of Alzheimer's drug Namenda.

Smartphone group BlackBerry jumped after hedge fund manager Dan Loeb was reported to have bought a stake in the company.

Netflix edged higher despite reports that the company suspended a plan to secure a place for its video-subscription service on Time Warner Cable set-top boxes.

Drinks giant Coca-Cola dropped sharply as investors were underwhelmed with the company's restructuring plan, which will see it generate $1bn in savings by 2016.

S&P 500 - Risers

Forest Laboratories Inc. (FRX) $91.04 +27.52%

First Solar Inc. (FSLR) $56.86 +6.94%

Actavis plc (ACT) $201.47 +5.00%

Mylan Inc. (MYL) $48.30 +4.77%

Newfield Exploration Co (NFX) $26.33 +4.61%

Perrigo Company plc (PRGO) $156.14 +4.60%

J. M. Smucker Co. (SJM) $95.31 +3.81%

Avon Products Inc. (AVP) $15.08 +3.64%

E*TRADE Financial Corp. (ETFC) $22.53 +3.30%

Gilead Sciences Inc. (GILD) $83.81 +3.20%

S&P 500 - Fallers

Kansas City Southern (KSU) $91.67 -4.47%

Waste Management Inc. (WM) $41.72 -4.47%

Coca-Cola Co. (KO) $37.47 -3.75%

Mattel Inc. (MAT) $35.47 -3.22%

Symantec Corp. (SYMC) $20.69 -3.09%

Carnival Corp. (CCL) $39.76 -2.45%

Murphy Oil Corp. (MUR) $58.59 -2.45%

CF Industries Holdings Inc. (CF) $226.19 -2.36%

International Game Technology (IGT) $14.63 -2.27%

Allegheny Technologies Inc. (ATI) $31.39 -2.00%

Dow Jones I.A - Risers

JP Morgan Chase & Co. (JPM) $58.49 +0.58%

Goldman Sachs Group Inc. (GS) $164.65 +0.57%

Merck & Co. Inc. (MRK) $55.69 +0.45%

Walt Disney Co. (DIS) $79.58 +0.44%

Unitedhealth Group Inc. (UNH) $73.83 +0.42%

Travelers Company Inc. (TRV) $84.37 +0.42%

Boeing Co. (BA) $130.63 +0.36%

E.I. du Pont de Nemours and Co. (DD) $64.71 +0.33%

McDonald's Corp. (MCD) $96.02 +0.25%

Nike Inc. (NKE) $75.21 +0.19%

Dow Jones I.A - Fallers

Coca-Cola Co. (KO) $37.47 -3.75%

Procter & Gamble Co. (PG) $77.97 -1.80%

Verizon Communications Inc. (VZ) $45.98 -1.14%

AT&T Inc. (T) $32.82 -1.00%

Chevron Corp. (CVX) $112.71 -0.68%

Cisco Systems Inc. (CSCO) $22.41 -0.66%

Johnson & Johnson (JNJ) $92.17 -0.64%

Wal-Mart Stores Inc. (WMT) $75.33 -0.61%

Microsoft Corp. (MSFT) $37.42 -0.53%

Home Depot Inc. (HD) $77.57 -0.46%

Nasdaq 100 - Risers

Mylan Inc. (MYL) $48.30 +4.77%

Liberty Global plc Series A (LBTYA) $87.51 +4.68%

Baidu Inc. (BIDU) $173.79 +3.77%

Green Mountain Coffee Roasters Inc. (GMCR) $120.36 +3.73%

Illumina Inc. (ILMN) $170.40 +3.69%

Gilead Sciences Inc. (GILD) $83.81 +3.20%

Tesla Motors Inc (TSLA) $203.70 +2.76%

Regeneron Pharmaceuticals Inc. (REGN) $332.78 +2.71%

Garmin Ltd. (GRMN) $47.17 +2.37%

TripAdvisor Inc. (TRIP) $93.35 +2.30%

Nasdaq 100 - Fallers

Mattel Inc. (MAT) $35.47 -3.22%

Symantec Corp. (SYMC) $20.69 -3.09%

Ross Stores Inc. (ROST) $68.32 -1.58%

Starbucks Corp. (SBUX) $73.97 -1.41%

KLA-Tencor Corp. (KLAC) $64.49 -1.21%

Maxim Integrated Products Inc. (MXIM) $31.11 -1.21%

Dentsply International Inc. (XRAY) $45.69 -1.19%

Whole Foods Market Inc. (WFM) $51.70 -1.05%

Amazon.Com Inc. (AMZN) $353.65 -1.04%

Sigma-Aldrich Corp. (SIAL) $95.62 -1.02%


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Source: ENP Newswire


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