Arab Today, arab today us stocks flat as retail equities drop
Last Updated : GMT 22:04:34
Arab Today, arab today
Arab Today, arab today

US stocks flat as retail equities drop

Arab Today, arab today

Arab Today, arab today US stocks flat as retail equities drop

Wall Street stocks finished little changed Wednesday
New York - AFP

Wall Street stocks finished little changed Wednesday in choppy trade following a lackluster US retail sales report and disappointing earnings from Macy's.

The Dow Jones Industrial Average dipped 7.74 points (0.04 percent) to 18,060.49.

The broad-based S&P 500 slipped 0.64 (0.03 percent) to 2,098.48, while the tech-rich Nasdaq Composite Index advanced 5.50 (0.11 percent) to 4,981.69.

US retail and food services sales totaled $436.8 billion in April, essentially unchanged from March, according to Commerce Department data.

Macy's, one of the first prominent retailers to report earnings, fell 2.5 percent after announcing first-quarter results that missed market expectations. The company blamed the West Coast port slowdown and severe winter weather early in the quarter for sales that came in lower than it had forecast.

Other retailers dropped, including Dow member Wal-Mart Stores (-1.0 percent), Target (-1.2 percent) and Best Buy (-1.6 percent).

Dow member DuPont dived 6.8 percent after a shareholder vote defeated an attempt to shake up the chemicals giant by activist investor Nelson Peltz's Trian Fund Management. Shareholders rejected all four Trian board nominees, including Peltz.

Water-filtration company Pall rose 4.4 percent on news it will be acquired by industrial company Danahar for $13.8 billion. Pall had risen 19.4 percent on Tuesday on reports of a pending acquisition deal.

Danaher also announced it would split into two independent companies: a science and technology growth company including Pall and NewCo, and a diversified industrial growth company. It advanced 1.6 percent.

Facebook rose 1.3 percent as it unveiled a long-anticipated deal with news publishers which allows the social network to deliver articles directly to readers. Partners in the Launch include The New York Times, NBC, BBC News and Spiegel.

Pipeline and midstream petroleum company Williams announced it would acquire the remaining shares of Williams Partners for $13.8 billion, lifting its stake in the master limited partnership from 60 percent. Williams also announced it was hiking its dividend by 33 percent. Williams Partners rose 22.7 percent, while Williams gained 6.2 percent.

Delta Air Lines added 1.5 percent after announcing a 50 percent dividend increase and a $5 billion share repurchase program.

Bond prices fell. The yield on the 10-year US Treasury rose to 2.29 percent from 2.25 percent Tuesday, while the 30-year advanced to 3.08 percent from 3.02 percent. Bond prices and yields move inversely.

 

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks flat as retail equities drop Arab Today, arab today us stocks flat as retail equities drop

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:21 2017 Tuesday ,28 March

Samsung plans to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday