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The U.S. stock market gave back its gain from Wednesday as the ongoing bank crisis in Cyprus undermines investor confidence.The major averages in the United States tumbled and stocks were mostly lower across the world. Overall, however, the market remains on solid footing and economic reports continue to exceed economists' expectations.Major AveragesThe Dow Jones Industrial Average lost around 90 points, or 0.62 percent, to 14,421.The S&P 500 fell around 13 points, or 0.83 percent, to close at 1,546.The Nasdaq Composite lost 32 points, or 0.97 percent, to 3,223.Jobless ClaimsInitial jobless claims rose slightly for the week ending March 9 to 336,000 from an upwardly revised 334,000. This was below the consensus which expected a rise to 345,000.Continuing jobless claims also rose slightly in the week ending March 9 to 3.053 million from 3.048 million. This was below consensus expectations which expected the continuing claims rate to rise to 3.065 million.Existing Home SalesExisting home...
During trading today, both the Consumer Cyclical sector (XLY) and the S&P500 showed little movement.The ETF, as a proxy for the sector, tracked closer to the overall...
While the S&P 500 grew 0.7%, the Consumer Cyclical sector (XLY) showed little movement during trading today.Although it went in the opposite direction of the market ...
Retail stocks made moves early Thursday after releasing a slew of quarterly earnings reports. The biggest decliner, Perry Ellis International Inc. , fell 15% after r...
A few stocks are up on high volume today:Trading with a volume of 12 million, or 2.2 times its average daily volume, JDS Uniphase Corporation (NASDAQ:JDSU) is up on ...
Chest up, shoulders back
While the S&P 500 grew 1.1%, the Consumer Cyclical sector (XLY) showed little movement during trading today.The ETF, as a proxy for the sector, tracked closer to the...
Political analyst Craig Crawford on the latest election controversy.
Sears Holdings Corp. led the retail decliners on Thursday after the parent company of its namesake department stores and Kmart discount chain reported a bigger-than-...
Perry Ellis (NASDSAQ:PERY) swung to a second-quarter profit over a year ago loss as demand for women’s dresses and men’s golf products ticked higher, leading the com...
Sears Holdings (NASDAQ:SHLD) suffered a steeper-than-expected second-quarter loss amid heavy markdowns, sending shares of the retailer sinking 7% Thursday morning.Th...
Perry Ellis (NASDAQ:PERY) revealed a 37% increase in fiscal first-quarter profits amid strengthening sales and the infusion of Rafaella revenue, prompting the clothi...
George Feldenkreis, chairman and CEO of Perry Ellis International , explains how the company has weathered the economic downturn.
Earnings HQ: FBN’s Diane Macedo breaks down fourth-quarter earnings reports.
As next week offers a light earnings calendar, investors likely will focus their attention on the U.S. Federal Reserve's meeting, housing data reports and Hostess Br...
It was a quiet day on Wall Street to start the new trading week as volume remained subdued.Continued market momentum and upbeat sentiment, however, sent stocks highe...
Urban Outfitters Inc. jumped as much as 8% after it said in a regulatory filing that comparable sales in the fourth quarter so far are up in the high-single-digit pe...
PVH Corp will buy rival Warnaco Group Inc for about $2.8 billion in a cash-and-stock deal that will give the company control of the Calvin Klein clothing brand.PVH b...
PVH Corp will buy lingerie and sportswear maker Warnaco Group Inc for about $2.8 billion in a cash-and-stock deal to bring the Calvin Klein clothing brand under one ...
Andy Puzder on job growth, debt crisis
