STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here's What You Need To Know - Yahoo Finance
Aeropostale Inc. /quotes/zigman/304381/delayed/quotes/nls/aro ARO -24.56% shares plummeted 25%. The teen retailer said late Thursday its first-quarter sales fell 12% to $395.9 million, missing expectations. Same-store sales, including e-commerce, fell 13% in the first quarter and the company forecast a larger-than-expected loss for the second quarter. Aeropostale management cites progress, but investors arent buying it.
S&P 500 closes above 1,900 for first time - US News
homes increased last month. Lennar rose $1.55, or 4 percent, to $40.54. D.R. Horton rose 92 cents, or 4.1 percent, to $23.57.
Stocks move higher ahead of Memorial Day holiday - Yahoo Finance
Homebuilder stocks rose after the government reported that sales of new homes increased last month. Investors also bid up shares in GameStop and Hewlett-Packard after the companies reported positive earnings. The Standard & Poor's 500 index gained six points, or 0.3 percent, to 1,898 as of noon Eastern Time. That's one point above the index's previous all-time high close 10 days ago. The Dow Jones industrial average rose 51 points, or 0.3 percent, to 16,594.
Stocks manage modest gains on foreign buying - Newspaper - DAWN.COM
The activity remained dull also due to the coming week being the rollover week with open positions at Rs5.03bn (as of May 22, 2014) in the futures counter. The trading remained centred on the third tier stocks with Pak International Bulk Terminal (right) displacing both K-Electric and Lafarge to climb as the top volume leader with 18m shares traded. Samar Iqbal, an investment analyst, pointed out that overall market volume dropped 10pc to 130m shares (value declined by 19pc to Rs4.8bn). Profit-taking was seen in NML and NCL on Friday following poor export numbers for textiles. Interest was seen in OGDC, UBL and NBP whereas some renewed interest was also seen in NCPL, the stock up 3.5pc with volume of 0.78m shares.
We also got a significant upward revision to March's data that showed existing home sales were down a more modest 6.9% to 407,000 units. "The recovery in housing is back on track, wrote Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ. "One of the most interest-sensitive areas of the economy where Fed policy decisions actually matter is showing steady improvement in the wake of the financial crisis stocks to buy now and recession." Not everyone was as enthusiastic. "Before the winter, sales were trending at about 450K, so the April reading still leaves activity looking a bit soft," wrote Ian Shepherdson at Pantheon Macroeconomics. "With the NAHB homebuilder survey still very weak, though, we cannot be confident that May will complete the reversal of the winter hit." FT economics editor Chris Giles has said Thomas Piketty's best-seller "Capitalism in the 21st Century" has a series of errors.