Stock Indexes Climb, JC Penny Profits Plummet
U.S. stock indexes posted gains across the board on the back of positive retail earnings. The DJIA added 94.28 points to 12,292, the S&P500 advanced 14.91 points to 1423 and the NASDAQ climbed 37.03 to 2533.
Freddie Mac
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PowerRating) – The second largest US mortgage company added 2.29 to 27.25 after announcing a smaller loss than anticipated.
JC Penny
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PowerRating) announced a 50% decrease in profits, yet beat analysts’ estimates and gave positive guidance for the second quarter. The stock climbed 2,25 to $46.40
Cnet Networks
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PowerRating) rocketed 43% to $11.41 after CBS Corp agreed to buy the website owner in a deal valued at $1.8 billion.
Sothebys
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PowerRating) climbed 7.2% to $28.68 after hosting its most lucrative art auction ever at $362 million in New York City last night.
Steak ‘N’ Shake
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PowerRating) fell nearly 11% to its lowest price in 7 years to $6.78 on a loss of 82 cents.
Crude oil fell to $124.14 and gold advanced 13.50 to $880 per troy oz.
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