Stock Market Recap: Stocks Up Across the Board, Whole Foods Faces Big Loss

• May 14, 2008
• David Goodboy

Stock indexes closed up across the board after the CPI climbed less than anticipated. The DJIA added +66.20 points to 12,898.38, the S&P500 climbed +5.62 points to 1408.66 and the NASDAQ advanced +1.57 to 2496.69.

Freddie Mac
(
FRE |
Quote |
Chart |
News |
PowerRating) – The second largest US mortgage company added 2.29 to 27.25 after announcing a smaller loss than anticipated.

Deere
(
DE |
Quote |
Chart |
News |
PowerRating) Gave back 10% falling 8.99 to 81.20 on the heels of construction slowing and rising material costs.

Whole Foods
(
WFMI |
Quote |
Chart |
News |
PowerRating) – Was the biggest loser in the S&P 500 collapsing 4.68 to 28.96 due to slowing sales growth and trailing analysts estimates.

Pulte Homes
(
PHM |
Quote |
Chart |
News |
PowerRating) – added .89 cents to 13.78 due to favorable news from the mortgage business.

The Volatility Index $VIX which measures the cost of insuring against losses in the S&P500 fell to a new yearly low of 16.20.

Crude oil gave back 1.24% to 124.24 on rising supply estimates.

Market Snapshot

Dow +66.20 12,898.38 NASDAQ +1.57 2,496.69 S&P 500 +5.62 1,408.66

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%