Stock Market Recap: Starbucks Stock Rises after Billionaire Buy In

Stock indexes closed mixed across the board on the lowest Consumer Confidence Index reading in 28 years. The Dow dropped -5.86 to 12986.80, the S&P500 gained +1.78 to 1425.35, and the NASDAQ fell -4.88 ending at 2528.85.

Starbucks
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climbed 5.85% or .95 cents to 17.02 after billionaire, activist investor Leonard Peltz’s Trian Partners purchase of .01% was revealed.

Urban Outfitters
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fell 5.96% or 1.96 per share to 30.92 on analysts downgrades.

BMC Software
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added 5.85% or 2.15 closing at 38.58 after beating analysts estimates on fourth quarter profits resulting from growing license and service revenue.

Kohl’s Corp.
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gave back 2.73% or 1.38 to 49.11 on removal from Goldman’s “Conviction Buy List”.

Oil set an intraday record prior to dropping back to 126.64.  Gold climbed 19.90 to 899.90.

Market Snapshot

Dow

-5.86 12,986.80

NASDAQ

-4.88 2,528.85

S&P 500

+1.78 1,425.35

Economic
News

Treasury Budget (Apr): Actual $159.3B, Consensus $160.0B

Export Prices ex-ag. (Apr): Consensus NA, Prior 1.2%

Import Prices ex-oil (Apr): Consensus NA, Prior 1.1%

Retail Sales (Apr): Consensus -0.2%, Prior 0.2%

Retail Sales ex-auto (Apr): Consensus 0.2%, Prior 0.1%

Business Inventories (Mar): Consensus 0.4%, Prior 0.6%

Core CPI (Apr): Consensus 0.2%, Prior 0.2%

CPI (Apr): Consensus -$0.3%, Prior 0.3%